PART 4Valuation and benefit adjustment
Powers of the Regulator21
1
A direction issued by the Regulator under section 23(2)(a) of the Act (powers of the Pensions Regulator) must set out the matters that the Regulator has considered in determining to issue the direction.
2
A direction issued by the Regulator under section 23(2)(b) of the Act must set out the following—
a
the relevant matters that the Regulator has considered in determining to issue the direction;
b
a timetable for implementing any steps or actions specified by the Regulator.