PART 6Triggering events and continuity options
Pause orders33
Where a pause order containing a direction under section 95(5)(e) of the 2021 Act (pause orders) has effect in respect of a scheme, section 9523 of the 1993 Act (trustees’ duties after exercise of option) has effect in relation to that scheme as if for subsection (2)(c) of section 95 there were substituted—
c
in the case of an application which relates to money purchase benefits that are collective money purchase benefits, by the later of—
i
the last day of the period of 6 months beginning with the date of the application or such longer period beginning with that date as may be prescribed, and
ii
where a pause order made under section 95(2) of the Pension Schemes Act 2021 and containing a direction under section 95(5)(e) of that Act has effect in relation to that scheme before the last day of the period referred to in sub-paragraph (i), the last day of the period of 3 months beginning with the date on which the pause order ceases to have effect.