PART 1Collective money purchase benefits
Triggering events and continuity options
I1I235When a decision to withdraw authorisation becomes final
1
For the purposes of this Part, in relation to an item 1 or 2 triggering event, a decision to withdraw authorisation becomes final—
a
in the circumstances set out in relation to the event in the second column of the table in subsection (2), and
b
on the date given in relation to those circumstances in the third column of that table.
2
The table is—
Triggering event | Circumstances | Date |
---|---|---|
Item 1 (issue of warning notice under the standard procedure) |
| The date of the Pensions Regulator's determination. |
Item 2 (issue of determination notice under the special procedure) |
| The date of the Pensions Regulator's determination. |
Item 1 or 2 |
| The date of the Tribunal's determination. |
Item 1 or 2 | The effect of an appeal against a determination by the Tribunal is that the scheme's authorisation should be withdrawn. | The date on which the appeal is finally disposed of. |
3
In this section “the Tribunal” has the meaning given in—
a
section 96(7) of the Pensions Act 2004, in a case where the standard procedure applies;
b
section 99(13) of that Act, in a case where the special procedure applies.