Part 1Pension scheme membership for jobholders
Chapter 6Personal Accounts Delivery Authority
Constitution
84Non-executive committee
1
Schedule 6 to the Pensions Act 2007 (c. 22) is amended as follows.
2
In paragraph 6(3) and (5), for “the chairman and other non-executive members” substitute “the non-executive committee”.
3
In paragraph 7(2) and (3), for “the chairman and other non-executive members” substitute “the non-executive committee”.
4
At the beginning of Part 2 insert—
8ANon-executive committee
1
There is to be a committee of the Authority consisting of the chairman and every other non-executive member of the Authority (referred to in this Schedule as the “non-executive committee”).
2
The non-executive committee must—
a
keep under review the question whether the Authority’s internal financial controls secure the proper conduct of its financial affairs, and
b
discharge the other functions conferred on it by this Schedule.
3
The non-executive committee must prepare a report on the discharge of the functions mentioned in sub-paragraph (2) for inclusion in the annual report of the Authority under paragraph 17.
4
The report under sub-paragraph (3) must relate to the same period as the Authority’s report.
5
The non-executive committee may establish a sub-committee.
6
The members of a sub-committee under sub-paragraph (5)—
a
must include at least one non-executive member of the Authority, and
b
must not include persons who are executive members or employees of the Authority.
7
A sub-committee under sub-paragraph (5) may include persons who are not members of the non-executive committee or the Authority.
8
Paragraphs 9 and 10 do not apply to the non-executive committee.
5
In the italic heading immediately before paragraph 9, for “Committees” substitute “Other committees”.
6
In paragraph 11, in sub-paragraph (1)(b), at the beginning insert “subject to sub-paragraph (1A),”.
7
In that paragraph, after sub-paragraph (1) insert—
1A
The non-executive committee may, subject to this Schedule—
a
regulate its own procedure;
b
regulate the procedure of its sub-committees;
c
enable its sub-committees to regulate their own procedure subject to any provision it makes.
8
In that paragraph, in sub-paragraph (2)—
a
for “the chairman and non-executive members of the Authority” substitute “the non-executive committee”;
b
for “the non-executive members” substitute “the members of that committee”.
9
In that paragraph, in sub-paragraph (3), for “the chairman and non-executive members” substitute “the non-executive committee”.
10
In paragraph 17(2), before “and” at the end of paragraph (a) insert—
aa
the report prepared by the non-executive committee under paragraph 8A(3),