Pension Schemes Act 2021 (c. 1)

SCHEDULES

Valid from 31/05/2021

SCHEDULE 7 E+W+S The Pensions Regulator: minor and consequential amendments

Pensions Act 2004 (c. 35) E+W+S

Valid from 25/06/2021

12 (1) Section 316 (Parliamentary control of subordinate legislation) is amended as follows. E+W+S

(2) In subsection (2) (regulations and orders subject to affirmative procedure), after paragraph (za) insert—

“(zaa) regulations under section 38E(2)(a) (section 38 contribution notice: constitution of resources of employer);

(zab) regulations under section 38E(2)(b) (section 38 contribution notice: valuation of resources of employer);”.

(3) In subsection (2), after paragraph (zb) insert—

“(zc) regulations under section 58A(1) (offence of avoidance of employer debt: power to except certain schemes);

(zd) regulations under section 58B(1) (offence of conduct risking accrued scheme benefits: power to except certain schemes);

(ze) regulations under section 58C(1) (financial penalty for avoidance of employer debt: power to except certain schemes);

(zf) regulations under section 58D(1) (financial penalty for conduct risking accrued scheme benefits: power to except certain schemes);

(zg) regulations under section 73(5B)(a) (inspection of premises: power to specify provisions by reference to which there may be inspection);

(zh) regulations under section 88A(3) (financial penalties: power to amend maximum amount of penalty);”.