SCHEDULES
SCHEDULE 1Pause orders
Validation of action in contravention of pause order
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1
If a pause order is made in relation to a Master Trust scheme, the Regulator may by order validate action taken in contravention of the order.
2
Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—
a
the trustees of the scheme;
b
any person directly affected by the action.