Part 1

The Pensions Regulator

Exercise of regulatory functions

Duty to have regard to the interests of members etc
100
1
The Regulator must have regard to the matters mentioned in subsection (2)—
a
when determining whether to exercise a regulatory function—
i
in a case where the requirements of the standard or special procedure apply, or
ii
on a review under section 99, and
b
when exercising the regulatory function in question.
2
Those matters are—
a
the interests of the generality of the members of the scheme to which the exercise of the function relates, and
b
the interests of such persons as appear to the Regulator to be directly affected by the exercise.
S. 100 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7
Pt. 1 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1 Pt. 1 (as amended (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 5(2), 13; (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 5, 18; (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 5, 15)