PART 3The Pensions Regulator

Gathering information

110Interviews

(1)

The Pensions Act 2004 is amended as follows.

(2)

After section 72 insert—

“72AInterviews

(1)

The Regulator may, by notice in writing, require any person to whom section 72(2) applies to attend before the Regulator, at a time and place specified in the notice, to answer questions and provide explanations on one or more matters specified in the notice that are relevant to the exercise of any of the Regulator’s functions.

(2)

A notice under subsection (1) must contain such other information as may be prescribed.”

(3)

In section 72 (provision of information), omit subsections (1A) and (1B).

(4)

In section 77 (penalties relating to sections 72 to 75)—

(a)

after subsection (1) insert—

“(1A)

A person who, without reasonable excuse, neglects or refuses—

(a)

to attend before the Regulator as required under section 72A(1), or

(b)

to answer a question or provide an explanation on a matter specified in the notice under section 72A(1), when so attending before the Regulator,

is guilty of an offence.”;

(b)

in subsection (3), after “subsection (1)” insert “, (1A)”;

(c)

in subsection (4), after “subsection (1)” insert “, (1A)”.