SCHEDULES

SCHEDULE 19Prohibition orders: consequential amendments

Pensions Act 2004 (c. 35)

I15

The Pensions Act 2004 is amended as follows.

I26

In section 10 (functions exercisable by the Determinations Panel), in subsection (6), after paragraph (e) insert—

ea

section 3A(3) of that Act (application for waiver of prohibition);

I37

In section 66 (register of prohibited trustees), in subsection (1), for the words from “of all” to the end substitute “(“the prohibition register”) of—

a

all persons who are prohibited under section 3 of the Pensions Act 1995, and

b

all persons appearing to the Regulator to be prohibited under section 3A of that Act.

I48

In section 96 (Pensions Regulator's regulatory functions: standard procedure), in subsection (6), after paragraph (i) insert—

ia

the power under section 3A(3) of that Act to give a notice waiving a prohibition;

I59

In section 97 (Pensions Regulator's regulatory functions: special procedure), in subsection (5), after paragraph (j) insert—

ja

the power under section 3A(3) of that Act to give a notice waiving a prohibition;

I610

1

Schedule 2 (Pensions Regulator's reserved regulatory functions) is amended as follows.

2

After paragraph 5 insert—

5A

The power under section 3A(3) to give a notice waiving a prohibition.

3

In paragraph 9(a), after “orders)” insert “ or by section 3A ”.