PART IITHE PENSIONS REGULATOR
Powers in relation to winding up of occupational pension schemes
Notification of trustees, managers, employers and members27
1
This Article applies where—
a
a freezing order is made in relation to a scheme,
b
an order is made under Article 22 validating action taken in contravention of a freezing order made in relation to a scheme,
c
an order is made under Article 24 directing specified steps to be taken following the winding up of a scheme, or
d
an order is made under Article 26 in relation to a scheme where a freezing order ceases to have effect.
2
The Regulator must, as soon as reasonably practicable after the order has been made, notify—
a
the trustees or managers of the scheme, and
b
the employer in relation to the scheme,
of the fact that the order has been made and of its effect.
3
The Regulator may by order direct the trustees or managers of the scheme to notify—
a
all the members of the scheme, or
b
the members of the scheme specified in the order,
of the fact that the order mentioned in paragraph (1) has been made and of its effect.
4
Notification is to be within the period and in the manner specified in the order under paragraph (3).
5
If the trustees or managers of a scheme fail to comply with a direction to them contained in an order made under paragraph (3), Article 10 of the 1995 Order (civil penalties) applies to any trustee or manager who has failed to take all reasonable steps to secure compliance.