PART 3General
I144Commencement
1
The following provisions come into operation on the day after this Act is passed—
a
the following provisions as they apply to existing Master Trust schemes within the meaning of Schedule 2—
i
sections 1 and 2 (definition of a Master Trust scheme);
ii
section 6(2) (referral to Tribunal of refusal to grant authorisation);
iii
sections 17 and 18 (penalty notices);
iv
sections 20 to 22, 25 and 33, as modified by Schedule 2 (triggering events: notification requirements and prohibition on increasing charges);
v
paragraphs 5 and 9 of Schedule 3 (power of Regulator to request information), and section 38 as it applies to those paragraphs;
vi
section 39 (interpretation of Part 1);
b
paragraphs 1 to 7 of Schedule 2, and section 37 as it applies to those paragraphs (Master Trusts operating before commencement: transitional provisions);
c
paragraphs 1 to 6 of Schedule 3, and section 38 as it applies to those paragraphs (amendments to definitions of “scheme rules”);
d
section 41 (power to override contract terms);
e
this Part.
2
To the extent not already commenced by subsection (1), Part 1 comes into operation on such day or days as the Department may by order appoint.
3
The Department may by order make incidental, supplementary, transitional, transitory and saving provision in connection with the coming into operation of any provision of this Act.