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SCHEDULES

SCHEDULE 1U.K.The trustee corporation

Modifications etc. (not altering text)

Part 1U.K.Members and employees

Disqualification and removalU.K.

3(1)A person is disqualified for appointment as a member if—U.K.

(a)prohibited by an order under section 3 of the Pensions Act 1995 (c. 26) or Article 3 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) from being a trustee of trust schemes in general, or

(b)suspended by an order under section 4 of that Act or Article 4 of that Order as a trustee of any scheme.

(2)While the trustee corporation is a trustee of a scheme established under section 67, section 3 of that Act applies in relation to being a member of the trustee corporation as it applies in relation to being a trustee of the scheme.

(3)The Pensions Regulator may also make an order under section 3 of that Act as applied by sub-paragraph (2) at any time when it would have power to make an order under section 4 of that Act (suspension) if the person were a trustee of the scheme.