Pensions Act 2014
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Change 1
SCHEDULE 19 Prohibition orders: consequential amendments
Section 46 Pensions Act 1995 (c. 26) 1 The Pensions Act 1995 is amended as follows. 2 In section 6 (removal or suspension of trustees: consequences)— (a) in subsections (1) and (3), after “section 3” insert “ or 3A ”; (b) in subsection (4), after “section 3” insert “ , 3A ”. 3 In section 7 (appointment of trustees), in subsection (1), after “section 3,” insert “ by section 3A ”. 4 In section 9 (removal and appointment of trustees: property), after “a trustee” insert “ or a trustee is removed under section 3A ”. Pensions Act 2004 (c. 35) 5 The Pensions Act 2004 is amended as follows. 6 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); . 7 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. 8 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; . 9 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; . 10 (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 ”.
SCHEDULE 19 Prohibition orders: consequential amendments
Section 46 Pensions Act 1995 (c. 26) 1 The Pensions Act 1995 is amended as follows. 2 In section 6 (removal or suspension of trustees: consequences)— (a) in subsections (1) and (3), after “section 3” insert “ or 3A ”; (b) in subsection (4), after “section 3” insert “ , 3A ”. 3 In section 7 (appointment of trustees), in subsection (1), after “section 3,” insert “ by section 3A ”. 4 In section 9 (removal and appointment of trustees: property), after “a trustee” insert “ or a trustee is removed under section 3A ”. Pensions Act 2004 (c. 35) 5 The Pensions Act 2004 is amended as follows. 6 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); . 7 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. 8 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; . 9 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; . 10 (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 ”.
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