Sch. 1 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 1 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 2 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 2 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 2 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 2 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 2 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 8 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 9 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 10 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 11 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 12 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 13 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 14 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 15 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 16 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 17 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 18 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 19 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 20 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 21 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 22 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 23 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 24 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 3 para. 25 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 4 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 5 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 5 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 5 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 5 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 5 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 8 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 9 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 10 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 11 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 12 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 13 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 14 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 15 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 16 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 17 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 18 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 19 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 20 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 21 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 22 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 23 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 24 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 6 para. 25 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 9 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)

Sch. 10 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 8 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 9 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 10 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 10 para. 11 in force at Royal Assent for specified purposes, see s. 131(3)(b)

Sch. 11 para. 1 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 2 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 3 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 4 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 8 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 9 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 10 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 11 para. 11 in force at Royal Assent for specified purposes, see s. 131(3)(c)

Sch. 7 para. 2 in force at 31.5.2021 for specified purposes by S.I. 2021/620, reg. 2(2)(a)

Sch. 7 para. 8(a) in force at 31.5.2021 by S.I. 2021/620, reg. 2(2)(d)

Sch. 7 para. 2 in force at 25.6.2021 for specified purposes by S.I. 2021/752, reg. 2(a)

Sch. 7 para. 12(1) in force at 25.6.2021 for specified purposes by S.I. 2021/752, reg. 2(a)

Sch. 7 para. 12(2) in force at 25.6.2021 by S.I. 2021/752, reg. 2(b)

Sch. 8 para. 1 in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(a)

Sch. 11 para. 13(1) in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(b)

Sch. 8 para. 2(3) in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(c)

Sch. 8 para. 8(1) in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(d)

Sch. 8 para. 9(1) in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(e)

Sch. 8 para. 11 in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(f)

Sch. 11 para. 13(2)(6) in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(1)(g)

Sch. 8 para. 16 in force at 1.9.2021 for specified purposes by S.R. 2021/240, art. 2(2)(a)

Sch. 8 para. 22(a) in force at 1.9.2021 by S.R. 2021/240, art. 2(2)(c)

Sch. 8 para. 26(2) in force at 1.9.2021 by S.R. 2021/240, art. 2(2)(d)

Sch. 11 para. 12 in force at 1.9.2021 by S.R. 2021/240, art. 2(2)(e)

Sch. 11 para. 14 in force at 1.9.2021 by S.R. 2021/240, art. 2(2)(f)

Sch. 7 para. 1 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(a)

Sch. 7 para. 2 in force at 1.10.2021 for specified purposes by S.I. 2021/950, reg. 2(4)(b)

Sch. 7 para. 3 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(c)

Sch. 7 para. 4 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(c)

Sch. 7 para. 5 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(c)

Sch. 7 para. 6 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(c)

Sch. 7 para. 7 in force at 1.10.2021 for specified purposes by S.I. 2021/950, reg. 2(4)(d)

Sch. 7 para. 8(b) in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(e)

Sch. 7 para. 9 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(f)

Sch. 7 para. 10 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(f)

Sch. 7 para. 11 in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(f)

Sch. 7 para. 12(1)(3) in force at 1.10.2021 by S.I. 2021/950, reg. 2(4)(f)

Sch. 11 para. 15(2) in force at 29.9.2021 for specified purposes by S.R. 2021/271, art. 2(2) (with art. 10)

Sch. 11 para. 15(2) in force immediately before 1.10.2021 in so far as not already in force by S.R. 2021/271, art. 2(2) (with art. 10)

Sch. 11 para. 15(3) in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(j)

Sch. 8 para. 3(1) in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(3)(a) (with art. 3(1)(2))

Sch. 8 para. 3(3)(4) in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(a) (with art. 3(1)(2))

Sch. 8 para. 4 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(b) (with art. 3(1)(2))

Sch. 8 para. 5 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(c) (with art. 3(1)-(3))

Sch. 8 para. 6 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(d) (with art. 3(1)(4))

Sch. 8 para. 7 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(e) (with arts. 4, 8)

Sch. 8 para. 10(1) in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(3)(f)

Sch. 8 para. 10(2)(b)(i)(3)-(7) in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(f)

Sch. 8 para. 12 in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(3)(g) (with art. 6)

Sch. 8 para. 13 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(h) (with art. 7)

Sch. 8 para. 14 in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(i) (with art. 3(5))

Sch. 8 para. 1 in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(3)(k)(5)(d)

Sch. 8 para. 2(1)(2) in force at 1.10.2021 by S.R. 2021/271, art. 2(5)(a) (with art. 3(1)(2))

Sch. 8 para. 2(3) in force at 1.10.2021 in so far as not already in force by S.R. 2021/271, art. 2(5)(a) (with art. 3(1)(2))

Sch. 8 para. 9(1) in force at 1.10.2021 in so far as not already in force by S.R. 2021/271, art. 2(5)(b) (with art. 9)

Sch. 8 para. 9(2)(3) in force at 1.10.2021 by S.R. 2021/271, art. 2(5)(b) (with art. 9)

Sch. 8 para. 11 in force at 1.10.2021 in so far as not already in force by S.R. 2021/271, art. 2(5)(c) (with art. 5)

Sch. 8 para. 15 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(a)

Sch. 8 para. 16 in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(4)(b)

Sch. 8 para. 17 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(c)

Sch. 8 para. 18 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(c)

Sch. 8 para. 19 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(c)

Sch. 8 para. 20 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(c)

Sch. 8 para. 21 in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(4)(d)

Sch. 8 para. 22(b) in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(e)

Sch. 8 para. 23 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(f)

Sch. 8 para. 24 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(f)

Sch. 8 para. 25 in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(f)

Sch. 8 para. 26(1)(3) in force at 1.10.2021 by S.R. 2021/271, art. 2(4)(f)

Sch. 11 para. 13(3)-(5)(7)(8) in force at 30.11.2021 by S.R. 2021/300, art. 2(b)

Sch. 11 para. 13(1)(2)(6) in force at 30.11.2021 in so far as not already in force by S.R. 2021/300, art. 2(b)

Sch. 3 para. 13 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)

Sch. 3 para. 23 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)

Sch. 3 para. 24 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)

Sch. 3 para. 25 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)

Sch. 3 para. 11 in force at 13.12.2021 for specified purposes by S.I. 2021/1394, reg. 2(b)

Sch. 6 para. 11 in force at 29.4.2022 for specified purposes by S.R. 2022/173, art. 2(b)

Sch. 6 para. 14 in force at 29.4.2022 in so far as not already in force by S.R. 2022/173, art. 2(c)

Sch. 6 para. 23 in force at 29.4.2022 in so far as not already in force by S.R. 2022/173, art. 2(c)

Sch. 6 para. 24 in force at 29.4.2022 in so far as not already in force by S.R. 2022/173, art. 2(c)

Sch. 6 para. 25 in force at 29.4.2022 in so far as not already in force by S.R. 2022/173, art. 2(c)

Sch. 7 para. 2 in force at 29.6.2022 for specified purposes by S.I. 2022/721, reg. 2(c)

Sch. 7 para. 13 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 14 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 15 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 16 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 17 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 18 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 19 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 7 para. 20 in force at 29.6.2022 by S.I. 2022/721, reg. 2(d)

Sch. 8 para. 16 in force at 28.7.2022 for specified purposes by S.R. 2022/197, art. 2(a)

Sch. 8 para. 27 in force at 28.7.2022 by S.R. 2022/197, art. 2(b)

Sch. 8 para. 28 in force at 28.7.2022 by S.R. 2022/197, art. 2(b)

Sch. 8 para. 29 in force at 28.7.2022 by S.R. 2022/197, art. 2(b)

Sch. 8 para. 30 in force at 28.7.2022 by S.R. 2022/197, art. 2(b)

Sch. 8 para. 31 in force at 28.7.2022 by S.R. 2022/197, art. 2(b)

Sch. 1 para. 1 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 2 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 3 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 4 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 5 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 6 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 1 para. 7 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 2 para. 1 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 2 para. 2 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 2 para. 3 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 2 para. 4 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 2 para. 5 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 1 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 2 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 3 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 4 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 5 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 6 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 7 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 8 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 9 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 10 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 11 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 12 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 14 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 15 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 16 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 17 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 18 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 20 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 21 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 3 para. 22 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)

Sch. 7 para. 2 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(d)

Sch. 7 para. 7(1)(3) in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(d)

Sch. 4 para. 1 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 2 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 3 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 4 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 5 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 6 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 4 para. 7 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 5 para. 1 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 5 para. 2 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 5 para. 3 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 5 para. 4 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 5 para. 5 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 1 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 2 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 3 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 4 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 5 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 6 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 7 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 8 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 9 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 10 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 11 in force at 1.8.2022 for specified purposes by S.R. 2022/197, art. 3(a)

Sch. 6 para. 12 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 13 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 15 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 16 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 17 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 18 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 19 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 21 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 6 para. 22 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)

Sch. 8 para. 10(1) in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(b)

Sch. 8 para. 10(2)(a)(b)(ii) in force at 1.8.2022 by S.R. 2022/197, art. 3(b)

Sch. 8 para. 12 in force at 1.8.2022 for specified purposes by S.R. 2022/197, art. 3(c)

Sch. 8 para. 1 in force at 1.8.2022 for specified purposes by S.R. 2022/197, art. 3(d)

Sch. 8 para. 16 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(e)

Sch. 8 para. 21 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(e)

Sch. 11 para. 16 in force at 1.8.2022 for specified purposes by S.R. 2022/197, art. 3(f)

http://www.legislation.gov.uk/ukpga/2021/1/schedules/2022-08-01Pension Schemes Act 2021An Act to make provision about pension schemes.texttext/xmlenStatute Law Database2024-05-18Expert Participation2022-08-01SCHEDULESSCHEDULE 1

Section 6

Money purchase benefitsBuilding Societies Act 1986 (c. 53)11

Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts) is amended as follows.

2

In paragraph 1(2) (aggregate amount of director's remuneration), at the appropriate place insert—

collective money purchase benefit” has the meaning given in section 1 of the Pension Schemes Act 2021;

.

3

In that provision, in the definition of “money purchase benefits”—

a

for “means retirement benefits” substitute

means—

a

retirement benefits

;

b

at the end insert

, and

b

collective money purchase benefits;

.

4

In paragraph 1A(1) (money purchase benefits), for “the definition” substitute “ paragraph (a) of the definition ”.

Pension Schemes Act 1993 (c. 48)2

The Pension Schemes Act 1993 is amended as follows.

31

Section 181(1) (general interpretation) is amended as follows.

2

At the appropriate place insert—

collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021;

.

3

In the definition of “money purchase benefits”—

a

for “means benefits” substitute

means—

a

benefits

;

b

at the end insert

, and

b

collective money purchase benefits;

.

4

In section 181B(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.

Pensions Act 2008 (c. 30)5

The Pensions Act 2008 is amended as follows.

61

Section 99 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.

2

At the appropriate place insert—

collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021;

.

3

In the definition of “money purchase benefits”—

a

for “means benefits” substitute

means—

a

benefits

;

b

at the end insert

, and

b

collective money purchase benefits;

.

7

In section 99A(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.

SCHEDULE 2

Section 44

Pause ordersConsequences of a pause order11

If a pause order is made in relation to a collective money purchase scheme, any action taken in contravention of the order is void, except to the extent that the action is validated by an order under paragraph 3.

2

If a pause order contains a direction under section 44(5)(b) that no further payments (or no further payments of a specified description) are to be made towards a scheme during the period for which the order has effect—

a

any payments that are the subject of the direction and would otherwise be due to be made towards the scheme during that period are to be treated as if they do not fall due, and

b

any obligation to make those payments (including any obligation under section 49(8) of the Pensions Act 1995 to pay amounts deducted corresponding to such payments) is to be treated as if it does not arise.

3

If a pause order contains a direction under section 44(5)(d) (no payment of benefits or benefits of a specified description under the scheme rules) and an amount of benefit under the scheme rules was not paid as a result of the direction—

a

the direction does not affect any entitlement to that benefit, and

b

any benefit to which a member, or a person in respect of a member, remains entitled at the end of the period for which the pause order had effect is an amount that falls due to the member or (as the case may be) the person at the end of that period.

4

If a pause order contains a direction under section 44(5)(e) (no transfers etc of members' rights) it does not prevent—

a

a pension sharing order or provision having effect, or

b

a pension earmarking order having effect in a case where—

i

the order requires a payment to be made if a payment in respect of any benefits under the scheme becomes due to a person, and

ii

a direction under section 44(5)(d) does not prevent the payment becoming due.

5

In sub-paragraph (4)—

pension sharing order or provision” means an order or provision falling within section 28(1) of the Welfare Reform and Pensions Act 1999 (activation of pension sharing);

pension earmarking order” means—

a

an order under section 23 of the Matrimonial Causes Act 1973 (financial provision orders in connection with divorce etc) so far as it includes provision made by virtue of section 25B or 25C of that Act (powers to include provision about pensions),

b

an order under Part 1 of Schedule 5 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation) so far as it includes provision made by virtue of paragraphs 25 and 26 of Part 6 of that Schedule (powers to include provision about pensions),

c

an order under section 12A(2) or (3) of the Family Law (Scotland) Act 1985 (powers in relation to pension lump sums when making a capital sum order),

d

an order under Article 25 of the Matrimonial Causes (Northern Ireland) Order 1978 (S.I. 1978/1045 (N.I. 15)) so far as it includes provision made by virtue of Article 27B or 27C of that Order (Northern Ireland powers corresponding to those mentioned in paragraph (a)), or

e

an order under Part 1 of Schedule 15 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation: Northern Ireland) so far as it includes provision made by virtue of paragraphs 20 and 21 of Part 5 of that Schedule (powers to include provision about pensions).

6

The Secretary of State may make regulations modifying any provision of—

a

Chapter 1 of Part 4ZA of the Pension Schemes Act 1993 (transfer rights: general), or

b

Chapter 2 of that Part (early leavers: cash transfer sums and contribution refunds),

in their application to a collective money purchase scheme in relation to which a pause order has effect containing a direction under section 44(5)(e) (no transfers etc of members' rights).

7

Regulations under sub-paragraph (6) override any provision of the collective money purchase scheme, to the extent that there is a conflict.

8

Disregarding sub-paragraph (1), if a pause order made in relation to a collective money purchase scheme is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to any trustee of the scheme who has failed to take all reasonable steps to secure compliance.

9

Sub-paragraph (8) does not apply in the case of non-compliance with a direction under section 44(5)(c) (direction that certain deducted payments are to be repaid by employer).

10

In such a case, section 10 of the Pensions Act 1995 (civil penalties) applies to an employer who, without reasonable excuse, fails to repay an amount as required by the direction.

11

Regulations under sub-paragraph (6) are subject to negative resolution procedure.

Period of effect etc of pause order21

A pause order must specify the period for which it has effect, which must not exceed three months.

2

The Pensions Regulator may on one or more occasions by order extend the period for which the pause order has effect for a further three months.

3

A pause order that is in effect at the end of the triggering event period ceases to have effect at the end of that period.

Validation of action in contravention of pause order31

If a pause order is made in relation to a collective money purchase scheme, the Pensions Regulator may by order validate action taken in contravention of the order.

2

Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—

a

the trustees of the scheme;

b

any person directly affected by the action.

Notification of trustees, employers and members41

This paragraph applies where—

a

a pause order is made in relation to a collective money purchase scheme,

b

an order is made under paragraph 2(2) extending the period for which a pause order made in relation to a collective money purchase scheme has effect, or

c

an order is made under paragraph 3 validating action taken in contravention of a pause order made in relation to a collective money purchase scheme.

2

The Pensions Regulator must, as soon as reasonably practicable after the order has been made, notify the trustees of the scheme of the fact that the order has been made and of its effect.

3

The Pensions Regulator may by order direct the trustees of the scheme to notify the following persons of the fact that the order has been made and of its effect—

a

all of the members of the scheme or such members as are of a description specified in the order;

b

all employers by which the scheme is used, or such employers as are of a description specified in the order;

c

all relevant former employers who, but for the pause order, would be liable to make payments towards the scheme, or such of them as are of a description specified in the order.

4

The trustees must give the notification within the period and in the manner specified in the order under sub-paragraph (3).

5

If the trustees of a scheme fail to comply with a direction to them contained in an order under sub-paragraph (3), section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee who has failed to take all reasonable steps to secure compliance.

Supplementary51

A pause order, or an order made under any of paragraphs 2, 3 and 4, may be made in relation to a collective money purchase scheme—

a

in spite of any enactment or rule of law, or any rule of the scheme, that would otherwise operate to prevent the order being made, and

b

without regard to any enactment, rule of law or rule of the scheme that would otherwise require, or might otherwise be taken to require, the implementation of any procedure or the obtaining of any consent, with a view to making the order.

2

Sub-paragraph (1) does not have effect to authorise the Pensions Regulator to make an order as mentioned in that sub-paragraph if its doing so would be unlawful as a result of section 6(1) of the Human Rights Act 1998 (unlawful for public authority to act in contravention of a Convention right).

SCHEDULE 3

Section 48

Collective money purchase benefits: minor and consequential amendmentsPension Schemes Act 1993 (c. 48)1

The Pension Schemes Act 1993 is amended as follows.

21

Section 84 (basis of revaluation of accrued benefits) is amended as follows.

2

In subsection (3), after “money purchase benefit” insert “ other than a collective money purchase benefit ”.

3

After subsection (3A) insert—

3AA

If any such benefit as is mentioned in section 83(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.

3

In section 101AI (right to cash transfer sum and contribution refund: further provisions), in subsection (8)—

a

in paragraph (a), at the end insert—

xiii

regulations made under section 18(4) of or paragraph 1(6) of Schedule 2 to the Pension Schemes Act 2021;

xiv

sections 34, 39, 41, 42 and 45 of the Pension Schemes Act 2021;

;

b

in paragraph (b), at the end insert—

xi

sections 18(7)(b), 34(5), 39(6), 41(6), 42(2) and 45(5) of and paragraph 1(7) of Schedule 2 to the Pension Schemes Act 2021.

4

In section 186 (Parliamentary control of orders and regulations), in subsection (3) (statutory instruments subject to affirmative resolution procedure), after paragraph (f) insert

, or

g

regulations under section 99(2)(c), or

h

regulations under section 99A(2)(b),

.

5

In Schedule 3 (methods of revaluing accrued pension benefits), in paragraph 3A (the cash balance method), for “cash balance benefit” substitute “ benefit ”.

Pensions Act 1995 (c. 26)6

The Pensions Act 1995 is amended as follows.

7

In section 51 (annual increase in rate of pension), after subsection (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate occupational pension scheme which is a money purchase scheme.

8

In section 75 (deficiencies in the assets of certain occupational pension schemes), after subsection (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate occupational pension scheme which is a money purchase scheme.

9

In section 87 (schedules of payments to money purchase schemes), after subsection (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section and section 88 as an occupational pension scheme which is a money purchase scheme.

10

In section 89 (application of further provisions to money purchase schemes), at the end insert—

3

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate money purchase scheme.

Pensions Act 2004 (c. 35)11

The Pensions Act 2004 is amended as follows.

12

In section 13 (improvement notices), in subsection (7), after paragraph (h) insert—

i

Part 1 of the Pension Schemes Act 2021.

131

Section 90 (codes of practice) is amended as follows.

2

In subsection (2) (matters on which the Pensions Regulator must issue codes of practice), after paragraph (jb) insert—

jc

the process for making an application under Part 1 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;

jd

the matters that the Pensions Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 9 of the Pension Schemes Act 2021);

.

3

In subsection (6), in the definition of “the pensions legislation”—

a

omit the “or” at the end of paragraph (f);

b

after paragraph (g) insert

, or

h

Part 1 of the Pension Schemes Act 2021.

141

Section 93(2) (regulatory functions of the Pensions Regulator) is amended as follows.

2

In paragraph (pa)—

a

after “strategy” insert “ for Master Trust scheme ”;

b

omit the “and” at the end.

3

After paragraph (pa) insert—

pb

the power to give a direction under section 23(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),

pc

the power to give a notice under section 29(1) or (4) of that Act (risk notices),

pd

the power to give a direction under section 29(6) of that Act (direction to implement proposals in a resolution plan),

pe

the power to give a direction under section 39(4) of that Act (direction to submit implementation strategy), and

.

15

In section 97(5) (special procedure: applicable cases), after paragraph (tf) insert—

tg

the power under section 30 of the Pension Schemes Act 2021 to withdraw authorisation of a collective money purchase scheme;

th

the power to make a pause order under section 44 of that Act;

ti

the power to make an order under paragraph 2(2) of Schedule 2 to that Act extending the period for which a pause order has effect;

tj

the power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order;

tk

the power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers;

.

16

In section 126 (schemes eligible for pension protection), after subsection (1) insert—

1A

Where a scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Part as a separate money purchase scheme.

17

In section 249A (requirement for an effective system of governance), in subsection (3) (exceptions), after paragraph (e) insert—

f

an authorised collective money purchase scheme within the meaning of Part 1 of the Pension Schemes Act 2021.

18

In section 254 (representative of non-European scheme to be treated as trustee), in subsection (3)—

a

omit the “or” at the end of paragraph (d);

b

after paragraph (e) insert

, or

f

Part 1 of the Pension Schemes Act 2021.

19

In section 291 (duty of trustees or managers to act consistently with law of host member State), in subsection (4)—

a

omit the “or” at the end of paragraph (d);

b

after paragraph (e) insert

, or

f

Part 1 of the Pension Schemes Act 2021.

20

In section 318 (general interpretation), in subsection (3)—

a

in paragraph (a), after sub-paragraph (xiii) insert—

xiv

regulations under section 18(4) of or paragraph 1(6) of Schedule 2 to the Pension Schemes Act 2021;

xv

sections 34, 39, 41, 42 and 45 of the Pension Schemes Act 2021;

;

b

in paragraph (b), after sub-paragraph (xi) insert—

xii

sections 18(7)(b), 34(5), 39(6), 41(6), 42(2) and 45(5) of and paragraph 1(7) of Schedule 2 to the Pension Schemes Act 2021.

21

In Schedule 2 (the reserved regulatory functions), after Part 4A insert—

PART 4BFunctions under Part 1 of the Pension Schemes Act 202144H

The power to give a direction under section 23(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).

44I

The power to give a direction under section 29(6) (direction to implement proposals in a resolution plan).

44J

The power under section 30 to withdraw authorisation of a collective money purchase scheme.

44K

The power to give a direction under section 41(4) (direction to pursue a continuity option).

44L

The power to make a pause order under section 44.

44M

The power to make an order under paragraph 2(2) of Schedule 2 extending the period for which a pause order has effect.

44N

The power to make an order under paragraph 3 of Schedule 2 validating action taken in contravention of a pause order.

44O

The power to make an order under paragraph 4(3) of Schedule 2 directing the notification of members or employers.

Pensions Act 2008 (c. 30)22

In section 31 of the Pensions Act 2008 (effect of freezing order, assessment period or pause order: qualifying schemes), in subsection (3) (meaning of “freezing event” and “relevant provision”)—

a

in the definition of “freezing event”—

i

omit the “or” at the end of each of paragraphs (a) and (b);

ii

at the end of paragraph (c) insert

, or

d

the making of a pause order under section 44 of the Pension Schemes Act 2021;

;

b

in the definition of “relevant provision”, in paragraph (c), after “2017” insert “ or (as the case may be) section 44 of the Pension Schemes Act 2021 ”.

Pensions Act 2014 (c. 19)23

The Pensions Act 2014 is amended as follows.

24

In section 54(2) (regulations subject to affirmative procedure), omit the “or” after paragraph (e) and at the end of paragraph (f) insert

, or

g

the first regulations under paragraph 1 or 3 of that Schedule that make provision in relation to collective money purchase schemes within the meaning of Part 1 of the Pension Schemes Act 2021 (see section 1 of that Act).

251

Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.

2

In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute “ members ”.

3

In paragraph 4 (interpretation), after sub-paragraph (2) insert—

3

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.

SCHEDULE 4

Section 57

Money purchase benefits: Northern IrelandBuilding Societies Act 1986 (c. 53)1

In Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts), in paragraph 1(2), in the definition of “collective money purchase benefit” (inserted by Schedule 1 to this Act), after “section 1” insert “ or 52 ”.

Pension Schemes (Northern Ireland) Act 1993 (c. 49)2

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

31

Section 176(1) (general interpretation) is amended as follows.

2

At the appropriate place insert—

collective money purchase benefit” has the meaning given by section 52 of the Pension Schemes Act 2021;

.

3

In the definition of “money purchase benefits”—

a

for “means benefits” substitute

means—

a

benefits

;

b

at the end insert

, and

b

collective money purchase benefits;

.

4

In section 176B(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.

Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))5

The Pensions (No. 2) Act (Northern Ireland) 2008 is amended as follows.

61

Section 78 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.

2

At the appropriate place insert—

collective money purchase benefit” has the meaning given by section 52 of the Pension Schemes Act 2021;

.

3

In the definition of “money purchase benefits”—

a

for “means benefits” substitute

means—

a

benefits

;

b

at the end insert

, and

b

collective money purchase benefits;

.

7

In section 78A(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.

SCHEDULE 5

Section 95

Pause orders: Northern IrelandConsequences of a pause order11

If a pause order is made in relation to a collective money purchase scheme, any action taken in contravention of the order is void, except to the extent that the action is validated by an order under paragraph 3.

2

If a pause order contains a direction under section 95(5)(b) that no further payments (or no further payments of a specified description) are to be made towards a scheme during the period for which the order has effect—

a

any payments that are the subject of the direction and would otherwise be due to be made towards the scheme during that period are to be treated as if they do not fall due, and

b

any obligation to make those payments (including any obligation under Article 49(8) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) to pay amounts deducted corresponding to such payments) is to be treated as if it does not arise.

3

If a pause order contains a direction under section 95(5)(d) (no payment of benefits or benefits of a specified description under the scheme rules) and an amount of benefit under the scheme rules was not paid as a result of the direction—

a

the direction does not affect any entitlement to that benefit, and

b

any benefit to which a member, or a person in respect of a member, remains entitled at the end of the period for which the pause order had effect is an amount that falls due to the member or (as the case may be) the person at the end of that period.

4

If a pause order contains a direction under section 95(5)(e) (no transfers etc of members' rights) it does not prevent—

a

a pension sharing order or provision having effect, or

b

a pension earmarking order having effect in a case where—

i

the order requires a payment to be made if a payment in respect of any benefits under the scheme becomes due to a person, and

ii

a direction under section 95(5)(d) does not prevent the payment becoming due.

5

In sub-paragraph (4)—

pension sharing order or provision” means an order or provision falling within Article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (activation of pension sharing);

pension earmarking order” means—

a

an order under Article 25 of the Matrimonial Causes (Northern Ireland) Order 1978 (S.I. 1978/1045 (N.I. 15)) so far as it includes provision made by virtue of Article 27B or 27C of that Order (powers to include provision about pensions),

b

an order under Part 1 of Schedule 15 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation: Northern Ireland) so far as it includes provision made by virtue of paragraphs 20 and 21 of Part 5 of that Schedule (powers to include provision about pensions),

c

an order under section 23 of the Matrimonial Causes Act 1973 (financial provision orders in connection with divorce etc) so far as it includes provision made by virtue of section 25B or 25C of that Act (powers to include provision about pensions),

d

an order under Part 1 of Schedule 5 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation) so far as it includes provision made by virtue of paragraphs 25 and 26 of Part 6 of that Schedule (powers to include provision about pensions), or

e

an order under section 12A(2) or (3) of the Family Law (Scotland) Act 1985 (powers in relation to pension lump sums when making a capital sum order).

6

The Department may make regulations modifying any provision of—

a

Chapter 1 of Part 4ZA of the Pension Schemes (Northern Ireland) Act 1993 (transfer rights: general), or

b

Chapter 2 of that Part (early leavers: cash transfer sums and contribution refunds),

in their application to a collective money purchase scheme in relation to which a pause order has effect containing a direction under section 95(5)(e) (no transfers etc of members' rights).

7

Regulations under sub-paragraph (6) override any provision of the collective money purchase scheme, to the extent that there is a conflict.

8

Disregarding sub-paragraph (1), if a pause order made in relation to a collective money purchase scheme is not complied with, Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to any trustee of the scheme who has failed to take all reasonable steps to secure compliance.

9

Sub-paragraph (8) does not apply in the case of non-compliance with a direction under section 95(5)(c) (direction that certain deducted payments are to be repaid by employer).

10

In such a case, Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) applies to an employer who, without reasonable excuse, fails to repay an amount as required by the direction.

11

Regulations under sub-paragraph (6) are subject to negative resolution.

Period of effect etc of pause order21

A pause order must specify the period for which it has effect, which must not exceed three months.

2

The Pensions Regulator may on one or more occasions by order extend the period for which the pause order has effect for a further three months.

3

A pause order that is in effect at the end of the triggering event period ceases to have effect at the end of that period.

Validation of action in contravention of pause order31

If a pause order is made in relation to a collective money purchase scheme, the Pensions Regulator may by order validate action taken in contravention of the order.

2

Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—

a

the trustees of the scheme;

b

any person directly affected by the action.

Notification of trustees, employers and members41

This paragraph applies where—

a

a pause order is made in relation to a collective money purchase scheme,

b

an order is made under paragraph 2(2) extending the period for which a pause order made in relation to a collective money purchase scheme has effect, or

c

an order is made under paragraph 3 validating action taken in contravention of a pause order made in relation to a collective money purchase scheme.

2

The Pensions Regulator must, as soon as reasonably practicable after the order has been made, notify the trustees of the scheme of the fact that the order has been made and of its effect.

3

The Pensions Regulator may by order direct the trustees of the scheme to notify the following persons of the fact that the order has been made and of its effect—

a

all of the members of the scheme or such members as are of a description specified in the order;

b

all employers by which the scheme is used, or such employers as are of a description specified in the order;

c

all relevant former employers who, but for the pause order, would be liable to make payments towards the scheme, or such of them as are of a description specified in the order.

4

The trustees must give the notification within the period and in the manner specified in the order under sub-paragraph (3).

5

If the trustees of a scheme fail to comply with a direction to them contained in an order under sub-paragraph (3), Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to a trustee who has failed to take all reasonable steps to secure compliance.

Supplementary51

A pause order, or an order made under any of paragraphs 2, 3 and 4, may be made in relation to a collective money purchase scheme—

a

in spite of any statutory provision or rule of law, or any rule of the scheme, that would otherwise operate to prevent the order being made, and

b

without regard to any statutory provision, rule of law or rule of the scheme that would otherwise require, or might otherwise be taken to require, the implementation of any procedure or the obtaining of any consent, with a view to making the order.

2

Sub-paragraph (1) does not have effect to authorise the Pensions Regulator to make an order as mentioned in that sub-paragraph if its doing so would be unlawful as a result of section 6(1) of the Human Rights Act 1998 (unlawful for public authority to act in contravention of a Convention right).

SCHEDULE 6

Section 99

Collective money purchase benefits: minor and consequential amendments for Northern IrelandPension Schemes (Northern Ireland) Act 1993 (c. 49)1

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

21

Section 80 (basis of revaluation of accrued benefits) is amended as follows.

2

In subsection (3), after “money purchase benefit” insert “ other than a collective money purchase benefit ”.

3

After subsection (3A) insert—

3AA

If any such benefit as is mentioned in section 79(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.

3

In section 97AI (right to cash transfer sum and contribution refund: further provisions), in subsection (7)—

a

in paragraph (a), at the end insert—

xii

regulations made under section 69(4) of or paragraph 1(6) of Schedule 5 to the Pension Schemes Act 2021;

xiii

sections 85, 90, 92, 93 and 96 of the Pension Schemes Act 2021;

;

b

in paragraph (b), at the end insert—

x

sections 69(7)(b), 85(5), 90(6), 92(6), 93(2) and 96(5) of and paragraph 1(7) of Schedule 5 to the Pension Schemes Act 2021.

4

In section 181 (Assembly, etc. control of regulations and orders), in subsection (2) (regulations and orders subject to confirmatory procedure), after “20B(5)” insert “ , 95(2)(c), 95A(2)(b) ”.

5

In Schedule 2 (methods of revaluing accrued pension benefits), in paragraph 3A (the cash balance method), for “cash balance benefit” substitute “ benefit ”.

Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))6

The Pensions (Northern Ireland) Order 1995 is amended as follows.

7

In Article 51 (annual increase in rate of pension), after paragraph (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate occupational pension scheme which is a money purchase scheme.

8

In Article 75 (deficiencies in the assets of certain occupational pension schemes), after paragraph (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate occupational pension scheme which is a money purchase scheme.

9

In Article 85 (schedules of payments to money purchase schemes), after paragraph (1) insert—

1A

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article and Article 86 as an occupational pension scheme which is a money purchase scheme.

10

In Article 87 (application of further provisions to money purchase schemes), at the end insert—

3

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate money purchase scheme.

Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))11

The Pensions (Northern Ireland) Order 2005 is amended as follows.

12

In Article 2 (general interpretation), in paragraph (4)—

a

in sub-paragraph (a), after head (ix) insert—

x

regulations made under section 69(4) of or paragraph 1(6) of Schedule 5 to the Pension Schemes Act 2021;

xi

sections 85, 90, 92, 93 and 96 of the Pension Schemes Act 2021;

;

b

in sub-paragraph (b), after head (vii) insert—

viii

sections 69(7)(b), 85(5), 90(6), 92(6), 93(2) and 96(5) of and paragraph 1(7) of Schedule 5 to the Pension Schemes Act 2021.

13

In Article 9 (improvement notices), in paragraph (7)—

a

omit the “or” at the end of sub-paragraph (f);

b

after sub-paragraph (g) insert

, or

h

Part 2 of the Pension Schemes Act 2021.

141

Article 85 (codes of practice) is amended as follows.

2

In paragraph (2) (matters on which the Pensions Regulator must issue codes of practice), after sub-paragraph (j) insert—

ja

the process for making an application under Part 2 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;

jb

the matters that the Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 60 of the Pension Schemes Act 2021);

.

3

In paragraph (6), in the definition of “the pensions legislation”—

a

omit the “or” at the end of sub-paragraph (e);

b

after sub-paragraph (f) insert

, or

g

Part 2 of the Pension Schemes Act 2021.

15

In Article 88(2) (regulatory functions of the Pensions Regulator)—

a

omit the “and” at the end of sub-paragraph (p);

b

after sub-paragraph (p) insert—

pa

the power to give a direction under section 74(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),

pb

the power to give a notice under section 80(1) or (4) of that Act (risk notices),

pc

the power to give a direction under section 80(6) of that Act (direction to implement proposals in a resolution plan),

pd

the power to give a direction under section 90(4) of that Act (direction to submit implementation strategy), and

.

16

In Article 92(5) (special procedure: applicable cases), after sub-paragraph (ta) insert—

tb

the power under section 81 of the Pension Schemes Act 2021 to withdraw authorisation of a collective money purchase scheme;

tc

the power to make a pause order under section 95 of that Act;

td

the power to make an order under paragraph 2(2) of Schedule 5 to that Act extending the period for which a pause order has effect;

te

the power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order;

tf

the power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers;

.

17

In Article 110 (schemes eligible for pension protection), after paragraph (1) insert—

1A

Where a scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Part as a separate money purchase scheme.

18

In Article 226A (requirement for an effective system of governance), in paragraph (3) (exceptions), after sub-paragraph (d) insert—

e

an authorised collective money purchase scheme within the meaning of Part 2 of the Pension Schemes Act 2021.

19

In Article 231 (representative of non-European scheme to be treated as trustee), in paragraph (3)—

a

omit the “or” at the end of sub-paragraph (d);

b

after sub-paragraph (e) insert

, or

f

Part 2 of the Pension Schemes Act 2021.

20

In Article 267 (duty of trustees or managers to act consistently with law of host EEA State), in paragraph (4)—

a

omit the “or” at the end of sub-paragraph (d);

b

after sub-paragraph (e) insert

, or

f

Part 2 of the Pension Schemes Act 2021.

21

In Schedule 2 (the reserved regulatory functions), after Part 4 insert—

PART 4AFunctions under Part 2 of the Pension Schemes Act 202144A

The power to give a direction under section 74(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).

44B

The power to give a direction under section 80(6) (direction to implement proposals in a resolution plan).

44C

The power under section 81 to withdraw authorisation of a collective money purchase scheme.

44D

The power to give a direction under section 92(4) (direction to pursue a continuity option).

44E

The power to make a pause order under section 95.

44F

The power to make an order under paragraph 2(2) of Schedule 5 extending the period for which a pause order has effect.

44G

The power to make an order under paragraph 3 of Schedule 5 validating action taken in contravention of a pause order.

44H

The power to make an order under paragraph 4(3) of Schedule 5 directing the notification of members or employers.

Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))221

Section 31 of the Pensions (No. 2) Act (Northern Ireland) 2008 (effect of freezing order or assessment period: qualifying schemes) is amended as follows.

2

In the heading, for “or assessment period” substitute “ , assessment period or pause order ”.

3

In subsection (3) (meaning of “freezing event” and “relevant provision”)—

a

in the definition of “freezing event”—

i

omit the “or” at the end of paragraph (a);

ii

at the end of paragraph (b) insert

, or

c

the making of a pause order under section 95 of the Pension Schemes Act 2021;

;

b

in the definition of “relevant provision”, after paragraph (b) insert—

c

in relation to a pause order, provision contained in the order or the provision made with respect to the order by section 95 of the Pension Schemes Act 2021.

Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.))23

The Pensions Act (Northern Ireland) 2015 is amended as follows.

24

In section 51(4) (regulations subject to confirmatory procedure), omit the “or” after paragraph (e) and at the end of paragraph (f) insert

, or

g

the first regulations under paragraph 1 or 3 of that Schedule that make provision in relation to collective money purchase schemes within the meaning of Part 2 of the Pension Schemes Act 2021 (see section 52 of that Act).

251

Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.

2

In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute “ members ”.

3

In paragraph 4 (interpretation), after sub-paragraph (2) insert—

3

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.

SCHEDULE 7

Section 116

The Pensions Regulator: minor and consequential amendmentsPensions Act 1995 (c. 26)1

In section 10 of the Pensions Act 1995 (civil penalties), after subsection (9) insert—

10

The Authority may not require a person to pay a penalty under this section in respect of an act or omission if the Authority have issued a notice to the person under section 88A of the Pensions Act 2004 (financial penalties) in respect of the same act or omission.

Pensions Act 2004 (c. 35)2

The Pensions Act 2004 is amended as follows.

3

In section 38B (section 38 contribution notice issued by reference to material detriment test: defence), in subsection (12), for paragraph (b) substitute—

b

a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure;

.

4

In section 75 (inspection of premises: powers of inspectors), in subsection (1)—

a

after “subsection (1),” insert “ (2A), ”;

b

for “(3) or (4)” substitute “ (3), (4) or (5A) ”.

51

Section 76 (inspection of premises: supplementary) is amended as follows.

2

In subsection (3)(a)—

a

after “virtue of”, in the second place it occurs, insert “ section 77A, 77B or 88A of this Act, ”;

b

for “either of them” substitute “ any of those provisions ”.

3

In subsection (9)—

a

after “(1),” insert “ (2A), ”;

b

for “(3) or (4)” substitute “ (3), (4) or (5A) ”.

6

In section 78 (warrants), in subsection (1)(c)(iii)—

a

after “virtue of”, in the first place it occurs, insert “ section 77A, 77B or 88A of this Act, ”;

b

for “either of them” substitute “ any of those provisions ”.

71

Section 80 (offences of providing false or misleading information) is amended as follows.

2

In subsection (1)(a), after sub-paragraph (iii) insert—

iiia

section 72A (interviews),

.

3

In subsection (1)(c), for “under this Act or the Pensions Act 1995 (c. 26)” substitute

under—

i

the Pensions Act 1995,

ii

this Act,

iii

the Pensions Act 2008,

iv

Schedule 18 to the Pensions Act 2014,

v

the Pension Schemes Act 2017, or

vi

Part 1 of the Pension Schemes Act 2021

.

8

In section 90 (codes of practice), in subsection (2)—

a

in paragraph (aa), after “test” insert “ , the employer insolvency test or the employer resources test ”;

b

after paragraph (b) insert—

ba

the discharge of the duties imposed by section 69A (duty to give notices and statements to the Regulator in respect of certain events);

.

91

Section 96 (the Regulator's standard procedure in relation to its regulatory functions) is amended as follows.

2

In subsection (1A)(b), after “test” insert “ , the employer insolvency test or the employer resources test ”.

3

In subsection (1B)—

a

in paragraph (a), after “38B,” insert “ 38D or 38F (as the case may be) ”;

b

in paragraph (b), for “subsection (2) of that section” substitute “ section 38B(2), 38D(2) and (3) or 38F(2) (as the case may be) ”.

10

In section 256 (no indemnification for fines or civil penalties), in subsection (1)(b), after “virtue of” insert “ section 77A, 77B or 88A of this Act, ”.

111

Section 310 (admissibility of statements) is amended as follows.

2

In subsection (3)(b)—

a

after “financial penalty” insert “ on a relevant ground ”;

b

after “virtue of—” insert—

ai

section 88A (financial penalties),

;

c

for sub-paragraph (i) (and the “or” following it) substitute—

i

section 168 of the Pension Schemes Act 1993 (breach of regulations),

ia

section 10 of the Pensions Act 1995 (civil penalties),

ib

paragraph 10 of Schedule 17 to the Pensions Act 2014 (penalties for contravention of regulations etc),

ic

paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc),

;

d

for sub-paragraph (ii) substitute—

ii

section 164 of the Pension Schemes (Northern Ireland) Act 1993 (c. 49) (breach of regulations),

iii

Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties),

iv

Article 83A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (financial penalties),

v

Article 215G of that Order (penalties for contravention of regulations under Article 215D),

vi

paragraph 10 of Schedule 17 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (penalties for contravention of regulations etc), or

vii

paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc).

3

After subsection (3) insert—

3A

For the purposes of this section a financial penalty is payable on a relevant ground if it is payable otherwise than under—

a

section 88A as it applies by virtue of—

i

section 80A (financial penalty for providing false or misleading information to Regulator), or

ii

section 80B (financial penalty for providing false or misleading information to trustees or managers), or

b

Article 83A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) as it applies by virtue of—

i

Article 75A of that Order (financial penalty for providing false or misleading information to Regulator), or

ii

Article 75B of that Order (financial penalty for providing false or misleading information to trustees or managers).

4

In subsection (4), in the definition of “information requirement”, after paragraph (c) insert—

"ca

section 72A (requirement to attend interview etc);

.

121

Section 316 (Parliamentary control of subordinate legislation) is amended as follows.

2

In subsection (2) (regulations and orders subject to affirmative procedure), after paragraph (za) insert—

zaa

regulations under section 38E(2)(a) (section 38 contribution notice: constitution of resources of employer);

zab

regulations under section 38E(2)(b) (section 38 contribution notice: valuation of resources of employer);

.

3

In subsection (2), after paragraph (zb) insert—

zc

regulations under section 58A(1) (offence of avoidance of employer debt: power to except certain schemes);

zd

regulations under section 58B(1) (offence of conduct risking accrued scheme benefits: power to except certain schemes);

ze

regulations under section 58C(1) (financial penalty for avoidance of employer debt: power to except certain schemes);

zf

regulations under section 58D(1) (financial penalty for conduct risking accrued scheme benefits: power to except certain schemes);

zg

regulations under section 73(5B)(a) (inspection of premises: power to specify provisions by reference to which there may be inspection);

zh

regulations under section 88A(3) (financial penalties: power to amend maximum amount of penalty);

.

131

In Schedule 1 (the Pensions Regulator), in Part 4 (proceedings and delegation etc), paragraph 21(2) is amended as follows.

2

After paragraph (d) insert—

da

the power to issue a notice under section 72A;

db

the power to issue a fixed penalty notice under section 77A;

dc

the power to issue an escalating penalty notice under section 77B;

dd

the power to require payment of a penalty under section 88A;

.

3

After paragraph (o) insert—

p

the power to issue a fixed penalty notice under section 17 of the Pension Schemes Act 2017;

q

the power to issue an escalating penalty notice under section 18 of that Act.

14

In Schedule 2 (the reserved regulatory functions), after paragraph 41 insert—

41A

The power to require a person to pay a penalty under section 88A.

Pensions Act 2008 (c. 30)15

The Pensions Act 2008 is amended as follows.

16

In section 40 (fixed penalty notices), in subsection (1)—

a

omit the “or” after paragraph (c);

b

after paragraph (d) insert

, or

e

a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of its functions under or by virtue of this Part.

17

In section 41 (escalating penalty notices), in subsection (1)—

a

omit the “or” after paragraph (c);

b

after paragraph (d) insert

, or

e

a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of its functions under or by virtue of this Part.

Pension Schemes Act 2017 (c. 17)18

The Pension Schemes Act 2017 is amended as follows.

191

Section 17 (fixed penalty notice for failure to comply with request for information) is amended as follows.

2

In the title, at the end insert “ etc ”.

3

In subsection (1)—

a

for “with a” substitute

with—

a

a

;

b

after “Part” insert

, or

b

a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of the Regulator's functions under or by virtue of this Part

.

201

Section 18 (escalating penalty notice for failure to comply with request for information) is amended as follows.

2

In the title, at the end insert “ etc ”.

3

In subsection (1)—

a

for “with a” substitute

with—

a

a

;

b

after “notice”)” insert

, or

b

a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of the Regulator's functions under or by virtue of this Part (a “section 72A notice”)

.

4

In subsection (2)(a), after “72 notice” insert “ or the section 72A notice ”.

5

In subsection (3), after “72 notice” insert “ or a section 72A notice ”.

6

In subsection (6)—

a

in paragraph (b), after “notice” insert “ or the section 72A notice ”;

b

in paragraph (e), after “notice” insert “ or the section 72A notice ”.

SCHEDULE 8

Section 117

The Pensions Regulator: Northern IrelandPART 1Amendments of the Pensions (Northern Ireland) Order 2005Introductory1

The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.

Grounds for issuing an Article 34 contribution notice21

In Article 34 (contribution notices where avoidance of employer debt)—

a

in paragraph (5)(a)—

i

after “test” insert “ , the employer insolvency test or the employer resources test ”;

ii

for “Article 34A)” substitute “ Articles 34A, 34C and 34E) ”;

b

in paragraph (12)(c), after “test” insert “ , the employer insolvency test or the employer resources test ”.

2

After Article 34B insert—

Article 34 contribution notice: meaning of “employer insolvency test”

34C1

For the purposes of Article 34 the employer insolvency test is met in relation to an act or failure to act if the Regulator is of the opinion that—

a

immediately after the relevant time, the value of the assets of the scheme was less than the amount of the liabilities of the scheme, and

b

if a debt under Article 75(4) of the 1995 Order (deficiencies in scheme assets: employer insolvency etc) had fallen due from the employer to the scheme immediately after the relevant time, the act or failure would have materially reduced the amount of the debt likely to be recovered by the scheme.

2

For the purposes of paragraph (1)—

a

the value of the assets of the scheme immediately after the relevant time is the value which the Regulator estimates to be their value,

b

the amount of the liabilities of the scheme immediately after the relevant time is the amount which the Regulator estimates to be the amount of those liabilities, and

c

the amount of the debt is the amount which the Regulator estimates to be the amount of the debt under Article 75(4) of the 1995 Order that would have fallen due immediately after the relevant time.

3

When estimating the value and the amounts referred to in paragraph (2), the Regulator must take into account how assets and liabilities, and their value or amount, are determined and calculated for the purposes of Article 75(4) of the 1995 Order.

4

When estimating—

a

the value of the assets of the scheme immediately after the relevant time, and

b

the amount of the debt under Article 75(4) of the 1995 Order falling due immediately after the relevant time,

the Regulator must disregard the amount of any debt due immediately after the relevant time from the employer under Article 75 of the 1995 Order.

5

In this Article “the relevant time” means—

a

in the case of an act, the time of the act, or

b

in the case of a failure to act—

i

the time when the failure occurred, or

ii

where the failure continued for a period of time, the time which the Regulator determines and which falls within that period;

and, in the case of acts or failures to act forming part of a series, any reference in this paragraph to an act or failure to act is a reference to the last of the acts or failures in that series.

Article 34 contribution notice issued by reference to employer insolvency test: defence
34D1

This Article applies where—

a

a warning notice is given to any person (“P”) in respect of a contribution notice under Article 34, and

b

the contribution notice under consideration would be issued wholly or partly by reference to the Regulator's opinion that the employer insolvency test is met in relation to an act or deliberate failure to act to which P was a party.

2

If the Regulator is satisfied that P has shown that—

a

conditions A and C are met, and

b

where applicable, condition B is met,

the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).

3

If the Regulator is satisfied that P or another person has shown that condition D is met, the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).

4

Condition A is that, before becoming a party to the act or failure, P gave due consideration to the extent to which, if a debt under Article 75(4) of the 1995 Order were to fall due from the employer to the scheme—

a

immediately after the act or failure, or

b

where the failure might continue for a period of time, at any time within that period,

the act or failure might materially reduce the amount of the debt likely to be recovered by the scheme.

5

Condition B is that, in any case where as a result of that consideration P considered that the act or failure might have such an effect, P took all reasonable steps to eliminate or minimise the potential for the act or failure to have such an effect.

6

Condition C is that, having regard to all relevant circumstances prevailing at the time of the act or at the time when the failure to act first occurred, it was reasonable for P to conclude that, if a debt under Article 75(4) of the 1995 Order were to fall due from the employer to the scheme—

a

immediately after the act or failure, or

b

where the failure might continue for a period of time, at any time within that period,

the act or failure would not materially reduce the amount of the debt likely to be recovered by the scheme.

7

Condition D is that, immediately after the relevant time, the value of the assets of the scheme equalled or was more than the amount at that time of the liabilities of the scheme.

8

P is to be regarded as giving the consideration mentioned in condition A only if P has made the enquiries, and done the other acts, that a reasonably diligent person would have made or done in the circumstances.

9

For the purposes of condition C the reference to the circumstances mentioned in that condition is a reference to those circumstances of which P was aware, or ought reasonably to have been aware, at the time of the act or the time when the failure to act first occurred (including acts or failures to act which have occurred before that time and P's expectation at that time of other acts or failures to act occurring).

10

For the purposes of conditions A, C and D the amount of any debt due at the time in question from the employer under Article 75 of the 1995 Order is to be disregarded.

11

In the case of acts or failures to act forming part of a series, P is to be regarded as having shown the matters mentioned in paragraph (2) if P shows in the case of each of the acts or failures in the series that—

a

conditions A and C are met, and (where applicable) condition B is met, in relation to the act or failure, or

b

the act or failure was one of a number of acts or failures (a “group” of acts or failures) selected by P in relation to which the following matters are shown.

12

The matters to be shown are that—

a

before becoming a party to the first of the acts or failures in the group, condition A is met in relation to the effect of the acts or failures in the group taken together,

b

condition B is (where applicable) met in relation to that effect, and

c

condition C is then met in relation to each of the acts or failures in the group (determined at the time at which each act or failure concerned occurred or first occurred).

13

If at any time P considers that condition C will not be met in relation to any particular act or failure in the group—

a

the previous acts or failures in the group are to be regarded as a separate group for the purposes of paragraph (11), and

b

P may then select another group consisting of the particular act or failure concerned, and any subsequent act or failure, in relation to which P shows the matters mentioned in paragraph (12).

Nothing in sub-paragraph (b) is to be read as preventing P from showing the matters mentioned in paragraph (11)(a).

14

If—

a

P is unable to show in the case of each of the acts or failures in the series that the matters set out in paragraph (11)(a) or (b) are met, but

b

does show in the case of some of them that those matters are met,

the acts or failures within sub-paragraph (b) are not to count for the purposes of Article 34C as acts or failures to act in the series.

15

In this Article—

a

the relevant time” has the meaning given by Article 34C;

b

a warning notice” means a notice given as mentioned in Article 91(2)(a);

c

a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure.

3

After Article 34D (inserted by sub-paragraph (2)) insert—

34EArticle 34 contribution notice: meaning of “employer resources test”1

For the purposes of Article 34 the employer resources test is met in relation to an act or failure to act if the Regulator is of the opinion that—

a

the act or failure reduced the value of the resources of the employer, and

b

that reduction was a material reduction relative to the estimated Article 75 debt in relation to the scheme.

2

For the purposes of this Article—

a

what constitutes the resources of the employer is to be determined in accordance with regulations;

b

the value of the resources of the employer is to be determined, calculated and verified in a prescribed manner.

3

In this Article the “estimated Article 75 debt” means the amount which the Regulator estimates to be the amount of the debt which would become due from the employer to the trustees or managers of the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets) if—

a

Article 75(2) applied, and

b

the time designated by the trustees or managers of the scheme for the purposes of Article 75(2) were the relevant time.

4

When calculating the estimated Article 75 debt under paragraph (3), the amount of any debt due at the relevant time from the employer under Article 75 of the 1995 Order is to be disregarded.

5

In this Article “the relevant time” means—

a

in a case where the act or failure to act forms part of a series of acts or failures to act, the time immediately before the first of the acts occurred or the first of the failures to act first occurred;

b

in any other case, the time immediately before the act occurred or the failure to act first occurred.

34FArticle 34 contribution notice issued by reference to employer resources test: defence1

This Article applies where—

a

a warning notice is given to any person (“P”) in respect of a contribution notice under Article 34, and

b

the contribution notice under consideration would be issued wholly or partly by reference to the Regulator's opinion that the employer resources test is met in relation to an act or deliberate failure to act to which P was a party.

2

If the Regulator is satisfied that P has shown that—

a

conditions A and C are met, and

b

where applicable, condition B is met,

the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).

3

Condition A is that, before becoming a party to the act or failure, P gave due consideration to the extent to which the act or failure might reduce the value of the resources of the employer relative to the estimated Article 75 debt in relation to the scheme.

4

Condition B is that, in any case where as a result of that consideration P considered that the act or failure might have such an effect, P took all reasonable steps to eliminate or minimise the potential for the act or failure to have such an effect.

5

Condition C is that, having regard to all relevant circumstances prevailing at the time of the act or at the time when the failure to act first occurred, it was reasonable for P to conclude that the act or failure would not bring about a reduction in the value of the resources of the employer that would be a material reduction relative to the estimated Article 75 debt in relation to the scheme.

6

P is to be regarded as giving the consideration mentioned in condition A only if P has made the enquiries, and done the other acts, that a reasonably diligent person would have made or done in the circumstances.

7

For the purposes of condition C the reference to the circumstances mentioned in that condition is a reference to those circumstances of which P was aware, or ought reasonably to have been aware, at the time of the act or the time when the failure to act first occurred (including acts or failures to act which have occurred before that time and P's expectation at that time of other acts or failures to act occurring).

8

For the purposes of conditions A and C—

a

the “estimated Article 75 debt” means the amount which is a reasonable estimate of the amount of the debt which would become due from the employer to the trustees or managers of the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets) if—

i

Article 75(2) applied, and

ii

the time designated by the trustees or managers of the scheme for the purposes of Article 75(2) were the time immediately before the act occurred or the failure to act first occurred;

b

the amount of any debt due at the time in question from the employer under Article 75 of the 1995 Order is to be disregarded.

9

In the case of acts or failures to act forming part of a series, P is to be regarded as having shown the matters mentioned in paragraph (2) if P shows in the case of each of the acts or failures in the series that—

a

conditions A and C are met, and (where applicable) condition B is met, in relation to the act or failure, or

b

the act or failure was one of a number of acts or failures (a “group” of acts or failures) selected by P in relation to which the following matters are shown.

10

The matters to be shown are that—

a

before becoming a party to the first of the acts or failures in the group, condition A is met in relation to the effect of the acts or failures in the group taken together,

b

condition B is (where applicable) met in relation to that effect, and

c

condition C is then met in relation to each of the acts or failures in the group (determined at the time at which each act or failure concerned occurred or first occurred).

11

If at any time P considers that condition C will not be met in relation to any particular act or failure in the group—

a

the previous acts or failures in the group are to be regarded as a separate group for the purposes of paragraph (9), and

b

P may then select another group consisting of the particular act or failure concerned, and any subsequent act or failure, in relation to which P shows the matters mentioned in paragraph (10).

Nothing in sub-paragraph (b) is to be read as preventing P from showing the matters mentioned in paragraph (9)(a).

12

If—

a

P is unable to show in the case of each of the acts or failures in the series that the matters set out in paragraph (9)(a) or (b) are met, but

b

does show in the case of some of them that those matters are met,

the acts or failures within sub-paragraph (b) are not to count for the purposes of Article 34E as acts or failures to act in the series.

13

In this Article—

a

Article 34E(2) (the resources of the employer and their value) has effect for the purpose of this Article as it has effect for the purposes of Article 34E;

b

a warning notice” means a notice given as mentioned in Article 91(2)(a);

c

a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure.

Reasonableness of issuing contribution notice31

Article 34 (contribution notices where avoidance of employer debt) is amended as follows.

2

In paragraph (7) (matters that may be relevant to imposing liability), after sub-paragraph (d) insert—

da

if the act or failure to act was a notifiable event for the purposes of Article 64A (duty to give notices and statements to the Regulator in respect of certain events), any failure by the person to comply with any obligation imposed on the person by Article 64A,

.

3

In paragraph (7), after sub-paragraph (eb) insert—

ec

the effect of the act or failure to act on the value of the assets or liabilities of the scheme or any relevant transferee scheme,

.

4

After paragraph (7A) insert—

7B

In paragraph (7)(ec) “relevant transferee scheme” and the reference to the assets or liabilities of any relevant transferee scheme have the same meaning as in Article 34A.

Determination of sum specified in a contribution notice41

Article 35 (the sum specified in an Article 34 contribution notice) is amended as follows.

2

For paragraph (4) substitute—

4

For the purposes of this Article “the relevant time” means the end of the scheme year which ended most recently before the day on which the Regulator gives a determination notice under Article 91(2)(d) in respect of an intended contribution notice under Article 34.

3

Omit paragraph (4A).

Sanctions for failure to comply with a contribution notice51

In Article 36 (content and effect of an Article 34 contribution notice)—

a

after paragraph (2) insert—

2A

Without prejudice to paragraphs (3) and (7), the contribution notice must also specify a date for the purposes of Articles 38A(2) and 38B(2) (sanctions for failure to comply with a contribution notice).

;

b

in paragraph (9), after sub-paragraph (b) (and before the “and”) insert—

ba

specifies the same date for the purposes of Articles 38A(2) and 38B(2) as is specified in P's contribution notice,

.

2

In Article 37 (Article 34 contribution notice: relationship with employer debt)—

a

after paragraph (8) insert—

8A

An application under paragraph (7) may not be made after—

a

the date specified under Article 36(2A) for the purposes of Articles 38A(2) and 38B(2) (sanctions for failure to comply with a contribution notice), or

b

if a different date has effect instead of that date (see paragraphs (10A) and (11B)), that different date.

;

b

after paragraph (10) insert—

10A

Where an application under paragraph (7) is made to the Regulator, the Regulator may, if it is of the opinion that it is appropriate to do so—

a

change the date that has effect for the purposes of Articles 38A(2) and 38B(2) (whether specified in the contribution notice or an earlier revised contribution notice), and

b

specify the revised date in the revised contribution notice issued under paragraph (9)(b) or, if the Regulator does not issue a revised contribution notice under paragraph (9)(b), issue a revised contribution notice specifying the revised date.

;

c

after paragraph (11) insert—

11A

Paragraph (11B) applies where—

a

P's contribution notice specifies that P is jointly and severally liable for the debt with other persons, and

b

the Regulator issues a revised contribution notice to P under paragraph (9)(b) or (10A)(b) specifying a revised date for the purposes of Articles 38A(2) and 38B(2).

11B

Where this paragraph applies, the Regulator must—

a

change the date that has effect for the purposes of Articles 38A(2) and 38B(2) in the case of the contribution notices or revised contribution notices issued in respect of the debt to those other persons, and

b

specify the revised date in the revised contribution notices issued to those other persons under paragraph (11) or, if the Regulator does not issue revised contribution notices under paragraph (11), issue revised contribution notices to those other persons specifying the revised date.

3

After Article 38 insert—

Offence of failing to comply with an Article 34 contribution notice

38A1

This Article applies where a contribution notice is issued to a person under Article 34.

2

If the person, without reasonable excuse, fails to pay the debt due by virtue of the contribution notice to—

a

the trustees or managers of the scheme, or

b

the Board (as the case may be),

before the date specified in the contribution notice for the purposes of this paragraph (see Article 36(2A)), the person is guilty of an offence.

3

A person guilty of an offence under paragraph (2) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.

4

Proceedings for an offence under paragraph (2) may not be instituted if an application under Article 37(7) has been made—

a

in relation to the contribution notice, or

b

in relation to a contribution notice which is a corresponding contribution notice for the purposes of Article 36(8),

and the application has not been determined, withdrawn or abandoned.

5

Proceedings for an offence under paragraph (2) may be instituted only—

a

by the Regulator or the Department, or

b

by or with the consent of the Director of Public Prosecutions for Northern Ireland.

4

After Article 38A (inserted by sub-paragraph (3)) insert—

Financial penalty for failure to comply with an Article 34 contribution notice

38B1

This Article applies where a contribution notice is issued to a person under Article 34.

2

Article 83A (financial penalties) applies to the person if the person, without reasonable excuse, fails to pay the debt due by virtue of the contribution notice to—

a

the trustees or managers of the scheme, or

b

the Board (as the case may be),

before the date specified in the contribution notice for the purposes of this paragraph (see Article 36(2A)).

3

The Regulator may not issue a warning notice to the person in respect of the imposition of a penalty under Article 83A as it applies by virtue of paragraph (2) if an application under Article 37(7) has been made—

a

in relation to the contribution notice, or

b

in relation to a contribution notice which is a corresponding contribution notice for the purposes of Article 36(8),

and the application has not been determined, withdrawn or abandoned.

4

In this Article “warning notice” means a notice given as mentioned in Article 91(2)(a).

Sanctions for avoidance of employer debt etc61

After Article 54 insert—

Sanctions for avoidance of employer debt etcOffence of avoidance of employer debt

54A1

This Article applies in relation to an occupational pension scheme other than—

a

a money purchase scheme, or

b

a prescribed scheme or a scheme of a prescribed description.

2

A person commits an offence only if—

a

the person does an act or engages in a course of conduct that—

i

prevents the recovery of the whole or any part of a debt which is due from the employer in relation to the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets),

ii

prevents such a debt becoming due,

iii

compromises or otherwise settles such a debt, or

iv

reduces the amount of such a debt which would otherwise become due,

b

the person intended the act or course of conduct to have such an effect, and

c

the person did not have a reasonable excuse for doing the act or engaging in the course of conduct.

3

A reference in this Article to an act or course of conduct includes a failure to act.

4

This Article does not apply to a person if the act done, or course of conduct engaged in, by the person is in accordance with the person's functions as an insolvency practitioner in relation to another person.

5

For the purposes of this Article a reference to a debt due under Article 75 of the 1995 Order includes a contingent debt under that Article.

6

Accordingly, in the case of such a contingent debt, the reference in paragraph (2)(a) to preventing a debt becoming due is to be read as including a reference to preventing the occurrence of any of the events specified in Article 75(4C)(a) or (b) of the 1995 Order upon which the debt is contingent.

7

A person guilty of an offence under paragraph (2) is liable—

a

on summary conviction, to a fine not exceeding the statutory maximum;

b

on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine, or both.

8

Proceedings for an offence under paragraph (2) may be instituted only—

a

by the Regulator or the Department, or

b

by or with the consent of the Director of Public Prosecutions for Northern Ireland.

9

For the purposes of this Article and Articles 54B to 54D “insolvency practitioner”, in relation to a person, means—

a

a person acting as an insolvency practitioner, in relation to that person, in accordance with Article 3 of the Insolvency Order, or

b

an insolvency practitioner within the meaning of Article 105(9)(b) (persons of a prescribed description).

Offence of conduct risking accrued scheme benefits
54B1

This Article applies in relation to an occupational pension scheme other than—

a

a money purchase scheme, or

b

a prescribed scheme or a scheme of a prescribed description.

2

A person commits an offence only if—

a

the person does an act or engages in a course of conduct that detrimentally affects in a material way the likelihood of accrued scheme benefits being received (whether the benefits are to be received as benefits under the scheme or otherwise),

b

the person knew or ought to have known that the act or course of conduct would have that effect, and

c

the person did not have a reasonable excuse for doing the act or engaging in the course of conduct.

3

A reference in this Article to an act or a course of conduct includes a failure to act.

4

A reference in this Article to accrued scheme benefits being received is a reference to benefits the rights to which have accrued by the relevant time being received by, or in respect of, the persons who were members of the scheme before that time.

5

In this Article “the relevant time” means—

a

in the case of an act, the time of the act,

b

in the case of a failure to act—

i

the time when the failure occurred, or

ii

where the failure continued for a period of time, the end of that period, or

c

in the case of a course of conduct, the time when the course of conduct ended.

6

A reference in this Article to rights which have accrued is to be read in accordance with Article 67A(6) and (7) of the 1995 Order (reading any reference in those paragraphs to a subsisting right as a reference to a right which has accrued).

7

For the purposes of this Article the benefits that may be received under the following provisions are to be disregarded—

a

Chapter 3 of Part 3 (the Board of the Pension Protection Fund: pension protection), and

b

section 286 of the Pensions Act 2004 (the financial assistance scheme for members of certain pension schemes).

8

This Article does not apply to a person if the act done, or course of conduct engaged in, by the person is in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).

9

A person guilty of an offence under paragraph (2) is liable—

a

on summary conviction, to a fine not exceeding the statutory maximum;

b

on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine, or both.

10

Proceedings for an offence under paragraph (2) may be instituted only—

a

by the Regulator or the Department, or

b

by or with the consent of the Director of Public Prosecutions for Northern Ireland.

2

After Article 54B (inserted by sub-paragraph (1)) insert—

Financial penalty for avoidance of employer debt

54C1

This Article applies in relation to an occupational pension scheme other than—

a

a money purchase scheme, or

b

a prescribed scheme or a scheme of a prescribed description.

2

Article 83A (financial penalties) applies to a person who was party to an act or deliberate failure to act the main purpose or one of the main purposes of which was—

a

to prevent the recovery of the whole or any part of a debt which is due from the employer in relation to the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets),

b

to prevent such a debt becoming due,

c

to compromise or otherwise settle such a debt, or

d

to reduce the amount of such a debt which would otherwise become due,

if it was not reasonable for the person to act or fail to act in the way that the person did.

3

This Article does not apply where the Regulator is of the opinion that the person, in being a party to the act or failure, was acting in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).

4

For the purposes of this Article a reference to a debt due under Article 75 of the 1995 Order includes a contingent debt under that Article.

5

Accordingly, in the case of such a contingent debt, the reference in paragraph (2) to preventing a debt becoming due is to be read as including a reference to preventing the occurrence of any of the events specified in Article 75(4C)(a) or (b) of the 1995 Order upon which the debt is contingent.

6

For the purposes of this Article the parties to an act or deliberate failure to act include those persons who knowingly assist in the act or failure.

7

If the Regulator is of the opinion that—

a

a person was party to a series of acts or deliberate failures to act, and

b

the requirements of paragraph (2) are met in relation to the series,

the series of acts or failures to act is to be regarded as an act or failure to act in relation to which the requirements of paragraph (2) are met.

Financial penalty for conduct risking accrued scheme benefits
54D1

This Article applies in relation to an occupational pension scheme other than—

a

a money purchase scheme, or

b

a prescribed scheme or a scheme of a prescribed description.

2

Article 83A (financial penalties) applies to a person who was party to an act or deliberate failure to act that detrimentally affected in a material way the likelihood of accrued scheme benefits being received (whether the benefits are to be received as benefits under the scheme or otherwise), if—

a

the person knew or ought to have known that the act or failure to act would have that effect, and

b

it was not reasonable for the person to act or fail to act in the way that the person did.

3

This Article does not apply where the Regulator is of the opinion that the person, in being a party to the act or failure, was acting in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).

4

In this Article a reference to accrued scheme benefits being received is a reference to benefits the rights to which have accrued by the relevant time being received by, or in respect of, the persons who were members of the scheme before that time.

5

In this Article “the relevant time” means—

a

in the case of an act, the time of the act;

b

in the case of a failure to act—

i

the time when the failure to act occurred, or

ii

where the failure continued for a period of time, the end of that period;

and, in the case of acts or failures to act forming part of a series, any reference in this paragraph to an act or failure to act is a reference to the last of the acts or failures in that series.

6

A reference in this Article to rights which have accrued is to be read in accordance with Article 67A(6) and (7) of the 1995 Order (reading any reference in those paragraphs to a subsisting right as a reference to a right which has accrued).

7

In determining for the purposes of this Article whether an act or failure to act has detrimentally affected in a material way the likelihood of accrued scheme benefits being received, the following provisions are to be disregarded—

a

Chapter 3 of Part 3 (the Board of the Pension Protection Fund: pension protection), and

b

section 286 of the Pensions Act 2004 (the financial assistance scheme for members of certain pension schemes).

8

For the purposes of this Article the parties to an act or deliberate failure to act include those persons who knowingly assist in the act or failure.

9

If the Regulator is of the opinion that—

a

a person was party to a series of acts or deliberate failures to act, and

b

the requirements of paragraph (2) are met in relation to the series,

the series of acts or failures to act is to be regarded as an act or failure to act in relation to which the requirements of paragraph (2) are met.

Duty to notify the Regulator of certain events71

In Article 64 (duty to notify the Regulator of certain events)—

a

in paragraph (7), for “Article 10 of the 1995 Order (civil penalties)” substitute “ Article 83A (financial penalties) ”;

b

in paragraph (8), for “That Article” substitute “ Article 83A ”.

2

In Article 75 (offences of providing false or misleading information to the Regulator), in paragraph (1)(a), after head (ii) insert—

iia

Article 64 (duty to notify the Regulator of certain events),

.

Duty to give notices and statements to the Regulator in respect of certain events81

After Article 64 insert—

Duty to give notices and statements to the Regulator in respect of certain events

64A1

Except where the Regulator otherwise directs, the appropriate person must—

a

give notice to the Regulator of any notifiable event;

b

give notice to the Regulator of any material change in, or in the expected effects of, a notifiable event;

c

give notice to the Regulator if a notifiable event is not going to, or does not, take place.

2

In paragraph (1) “notifiable event” means a prescribed event in respect of the employer in relation to an eligible scheme.

3

For the purposes of paragraph (1) each of the following is “the appropriate person”—

a

the employer in relation to the scheme,

b

a person connected with the employer,

c

an associate of the employer, and

d

a person of a prescribed description.

4

Regulations may make provision about the meaning of a “material change” for the purposes of this Article.

5

A notice under paragraph (1) must be given to the Regulator—

a

in the case of a notice under paragraph (1)(a), as soon as reasonably practicable after the person giving it becomes aware of the notifiable event, subject to paragraph (6),

b

in the case of a notice under paragraph (1)(b), as soon as reasonably practicable after the person giving it becomes aware of the material change, subject to paragraph (6), or

c

in the case of a notice under paragraph (1)(c), as soon as reasonably practicable after the person giving it becomes aware that the notifiable event is not going to take place or (as the case may be) did not take place.

6

Regulations may require a notice under paragraph (1)(a) or (b) to be given before the beginning of the prescribed period ending with—

a

the notifiable event in question, or

b

the material change in question.

7

A notice under paragraph (1)(a) or (b) must be accompanied by a statement (an “accompanying statement”).

8

An accompanying statement must contain prescribed information.

9

The information that may be prescribed under paragraph (8) includes, in particular—

a

a description of the event,

b

a description of any adverse effects of the event on the eligible scheme,

c

a description of any steps taken to mitigate those adverse effects, and

d

a description of any communication with the trustees or managers of the eligible scheme about the event.

10

Where a person gives the Regulator a notice under paragraph (1), the person must give a copy of the notice and any accompanying statement to the trustees or managers of the eligible scheme at the same time.

11

A notice or accompanying statement under this Article must be in writing.

12

No duty to which a person is subject is to be regarded as contravened merely because of any information or opinion contained in a notice or accompanying statement under this Article.

This is subject to Article 283 (protected items).

13

Article 83A (financial penalties) applies to a person who, without reasonable excuse, fails to comply with an obligation imposed on the person by this Article.

14

For the purposes of this Article—

a

Article 4 of the Insolvency Order (associated persons) applies as it applies for the purposes of that Order, and

b

Article 7 of the Insolvency Order (connected persons) applies as it applies for the purposes of any provision of Parts 2 to 7 of that Order.

15

In this Article—

eligible scheme” has the meaning given by Article 110;

event” includes a failure to act.

2

In Article 75 (offences of providing false or misleading information to the Regulator), after paragraph (1)(a)(iia) (inserted by paragraph 7(2)) insert—

iib

Article 64A (duty to give notices and statements to the Regulator in respect of certain events),

.

Interviews91

After Article 67 insert—

Interviews

67A1

The Regulator may, by notice in writing, require any person to whom Article 67(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 paragraph (1) must contain such other information as may be prescribed.

2

In Article 67 (provision of information), omit paragraphs (1A) and (1B).

3

In Article 72 (penalties relating to Articles 67 to 70)—

a

after paragraph (1) insert—

1A

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

a

to attend before the Regulator as required under Article 67A(1), or

b

to answer a question or provide an explanation on a matter specified in the notice under Article 67A(1), when so attending before the Regulator,

is guilty of an offence.

;

b

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

c

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

Inspection of premises101

Article 68 (inspection of premises) is amended as follows.

2

In paragraph (2)—

a

after sub-paragraph (da) insert—

db

Part 2 of the Pension Schemes Act 2021;

;

b

in sub-paragraph (e)—

i

at the beginning insert “ the Pension Schemes Act 2017 and ”;

ii

for “(da)” substitute “ (db) ”.

3

After paragraph (2) insert—

2A

An inspector may, for the purposes of investigating whether the Regulator has grounds in the case of an occupational pension scheme for issuing—

a

a contribution notice under Article 34 (contribution notices where avoidance of employer debt),

b

a financial support direction under Article 39 (financial support directions),

c

a contribution notice under Article 43 (contribution notices where non-compliance with financial support direction),

d

a restoration order under Article 48 (restoration orders where transactions at an undervalue),

e

a contribution notice under Article 51 (contribution notice where failure to comply with restoration order), or

f

a notice, direction or order under any corresponding provision in force in Great Britain,

at any reasonable time enter premises liable to inspection.

4

After paragraph (5) insert—

5A

An inspector may, for the purposes of investigating whether the relevant provisions are being, or have been, complied with in the case of a scheme, at any reasonable time enter premises liable to inspection.

5B

In paragraph (5A), “the relevant provisions” means provisions contained in or made by virtue of—

a

such provisions of the pensions legislation as may be prescribed;

b

any provisions in force in Great Britain, corresponding to the provisions so prescribed.

5

In paragraph (6) (premises liable to inspection)—

a

in sub-paragraph (b), omit the “or” at the end;

b

after sub-paragraph (c) insert—

d

documents relevant to the administration of the business of the employer in relation to the scheme are being kept there,

e

the administration of the business of the employer in relation to the scheme, or work connected with that administration, is being carried out there, or

f

in the case of an occupational pension scheme other than a money purchase scheme, a prescribed scheme or a scheme of a prescribed description, documents relevant to a change in the ownership of the employer or of a significant asset of the employer are being kept there.

6

After paragraph (6) insert—

6A

In the application of this Article in relation to a provision mentioned in paragraph (1), (2A), (3), (4) or (5A), references in this Article to “employer” are to be read as having the meaning that it has for the purposes of the provision in question.

6B

In this Article a reference to an employer in relation to an occupational pension scheme includes a reference to a person who has been the employer in relation to the scheme.

7

In paragraph (7), for “this Article,” substitute

this Article—

the pensions legislation” means any statutory provision contained in or made by virtue of—

a

the Pension Schemes Act,

b

Part 2 or Article 30 or 42 of the 1999 Order,

c

this Order,

d

Schedule 18 to the Pensions Act (Northern Ireland) 2015, or

e

section 51 or 52 of the Pension Schemes Act 2015;

.

Fixed penalty notices and escalating penalty notices11

After Article 72 (penalties relating to Articles 67 to 70) insert—

Fixed penalty notices

72A1

The Regulator may issue a fixed penalty notice to a person if it considers that the person—

a

has failed to comply with a notice under Article 67 or 67A,

b

has failed to comply with a requirement under Article 70, or

c

has prevented or hindered an inspector exercising any power under Article 68, 69 or 70.

2

A fixed penalty notice is a notice requiring the person to whom it is issued to pay a penalty within the period specified in the notice.

3

The penalty—

a

is to be determined in accordance with regulations, and

b

must not exceed £50,000.

4

A fixed penalty notice must—

a

state the amount of the penalty;

b

state the date by which the penalty must be paid, which must be at least 28 days after the date on which the notice is issued;

c

state the period to which the penalty relates;

d

specify the failure or conduct to which the penalty relates;

e

state that the Regulator may issue an escalating penalty notice under Article 72B if the person fails to comply with a notice under Article 67 or 67A;

f

notify the person to whom the notice is issued of the review process under section 43 of the Pensions (No. 2) Act (Northern Ireland) 2008 and the right of referral to a tribunal under section 44 of that Act (as applied by paragraph (5)).

5

The following sections of the Pensions (No. 2) Act (Northern Ireland) 2008 apply to a penalty notice under this Article as they apply to a penalty notice under section 40 of that Act—

a

section 42 (penalty notices: recovery);

b

section 43 (review of penalty notices);

c

section 44 (references to First-tier Tribunal or Upper Tribunal).

6

This Article does not apply in a case where section 40 of the Pensions (No. 2) Act (Northern Ireland) 2008 applies.

Escalating penalty notices
72B1

The Regulator may issue an escalating penalty notice to a person if it considers that the person has failed to comply with a notice under Article 67 or 67A.

2

But the Regulator may not issue an escalating penalty notice to a person if—

a

the person has exercised the right of referral to a tribunal under section 44 of the Pensions (No. 2) Act (Northern Ireland) 2008 (as applied by Article 72A(5)) in respect of a fixed penalty notice issued under Article 72A in relation to that notice under Article 67 or 67A, and

b

the reference has not been determined.

3

An escalating penalty notice is a notice requiring a person to pay an escalating penalty if the person fails to comply with a notice under Article 67 or 67A before a specified date.

4

An escalating penalty is a penalty which is calculated by reference to a daily rate.

5

The daily rate—

a

is to be determined in accordance with regulations, and

b

must not exceed £10,000.

6

An escalating penalty notice must—

a

specify the failure to which the penalty relates;

b

state that, if the person fails to comply with the notice under Article 67 or 67A before a specified date, the person will be liable to pay an escalating penalty;

c

state the daily rate of the escalating penalty and the way in which the penalty is calculated;

d

state the date from which the escalating penalty will be payable, which must not be earlier than the date specified in the fixed penalty notice under Article 72A(4)(b);

e

state that the escalating penalty will continue to be payable at the daily rate until the date on which the person complies with the notice under Article 67 or 67A or such earlier date as the Regulator may determine;

f

notify the person to whom the notice is issued of the review process under section 43 of the Pensions (No. 2) Act (Northern Ireland) 2008 and the right of referral to a tribunal under section 44 of that Act (as applied by paragraph (7)).

7

The following sections of the Pensions (No. 2) Act (Northern Ireland) 2008 apply to an escalating penalty notice under this Article as they apply to an escalating penalty notice under section 41 of that Act—

a

section 42 (penalty notices: recovery);

b

section 43 (review of penalty notices);

c

section 44 (references to First-tier Tribunal or Upper Tribunal).

8

This Article does not apply in a case where section 41 of the Pensions (No. 2) Act (Northern Ireland) 2008 applies.

Provision of false or misleading information to Regulator12

After Article 75 (offences of providing false or misleading information) insert—

Financial penalty for providing false or misleading information to Regulator

75A1

Article 83A (financial penalties) applies to a person who has knowingly or recklessly provided the Regulator with information which is false or misleading in a material particular, if the information was provided to the Regulator in the circumstances mentioned in paragraph (2)(a), (b) or (c).

2

The circumstances referred to in paragraph (1) are—

a

that the information was provided in purported compliance with a requirement under—

i

Article 57 (the register: duties of trustees or managers),

ii

Article 59 (duty of trustees or managers to provide scheme return),

iii

Article 64 (duty to notify the Regulator of certain events),

iv

Article 64A (duty to give notices and statements to the Regulator in respect of certain events),

v

Article 67 (provision of information),

vi

Article 67A (interviews),

vii

Article 70 (inspection of premises: powers of inspectors), or

viii

regulations under section 11 of the Pensions (No. 2) Act (Northern Ireland) 2008 (information about employers' duties to be given to the Regulator);

b

that the information is provided in applying for registration of a pension scheme under Article 4 of the 1999 Order (registration of stakeholder pension schemes);

c

that the information was provided otherwise than as mentioned in sub-paragraph (a) or (b) but in circumstances in which the person providing the information intends, or could reasonably be expected to know, that it would be used by the Regulator for the purpose of exercising its functions under—

i

the 1995 Order,

ii

this Order,

iii

the Pensions (No. 2) Act (Northern Ireland) 2008,

iv

Schedule 18 to the Pensions Act (Northern Ireland) 2015, or

v

Part 2 of the Pension Schemes Act 2021.

Provision of false or misleading information to trustees or managers13

After Article 75A (inserted by paragraph 12) insert—

Financial penalty for providing false or misleading information to trustees or managers

75B1

This Article applies in relation to an occupational pension scheme other than—

a

a money purchase scheme, or

b

a prescribed scheme or a scheme of a prescribed description.

2

Article 83A (financial penalties) applies to a person who has knowingly or recklessly provided a trustee or manager of the scheme with information which is false or misleading in a material particular, if the information was provided to the trustee or manager of the scheme in the circumstances mentioned in paragraph (3)(a) or (b).

3

The circumstances referred to in paragraph (2) are—

a

that the information was provided in purported compliance with a requirement under—

i

regulations under Article 9 of the Superannuation (Northern Ireland) Order 1972 (superannuation of persons employed in local government service etc),

ii

regulations under section 109A of the Pension Schemes Act (power to require disclosure of information about transfers from one scheme to another),

iii

Article 22(2B)(c) of the 1995 Order (insolvency practitioner or official receiver to give notice of certain events to trustees of scheme),

iv

Article 26 of that Order (insolvency practitioner or official receiver to give information to trustees),

v

regulations under Article 47(9) of that Order (power to impose duties on employers, auditors and actuaries to disclose information),

vi

a direction under Article 72B of that Order (directions by Regulator for facilitating winding up of scheme);

b

that the information was provided otherwise than as mentioned in sub-paragraph (a) but in circumstances in which the person providing the information intends, or could reasonably be expected to know, that it would be used by the trustee or manager who receives it in that person's capacity as a trustee or manager of the scheme.

Financial penalties14

After Article 83 insert—

Financial penaltiesFinancial penalties

83A1

Where the Regulator is satisfied that by reason of an act this Article applies to a person, the Regulator may issue a notice to the person requiring the person to pay a penalty in respect of that act of an amount specified in the notice within a period specified in the notice.

2

The amount of the penalty is to be an amount, not exceeding £1 million, determined by the Regulator.

3

Regulations may amend paragraph (2) by substituting a higher amount for the amount for the time being specified in paragraph (2).

4

The date on which the period specified in the notice ends must be at least 28 days after the date on which the notice is issued.

5

The notice must specify the provision by virtue of which the penalty is imposed.

6

Where—

a

a penalty under this Article may, apart from this paragraph, be imposed on a body corporate, and

b

the act in question was done with the consent or connivance of a director, manager, secretary or other similar officer of the body or a person purporting to act in any such capacity,

this Article applies to that person.

7

Where the affairs of a body corporate are managed by its members, paragraph (6) applies in relation to the acts of a member in connection with the member's functions of management as to a director of a body corporate.

8

Where—

a

a penalty under this Article may, apart from this paragraph, be imposed on a Scottish partnership, and

b

the act in question was done with the consent or connivance of a partner,

this Article applies to that person.

9

If the Regulator requires a person to pay a penalty under this Article by virtue of paragraph (6) or (8), it may not also require the body corporate or the Scottish partnership to pay a penalty under this Article in respect of the same act.

10

The Regulator may not issue a notice under this Article to a person in relation to an act if—

a

the person has been convicted of an offence in respect of the same act, or

b

criminal proceedings for the offence have been instituted against the person in respect of the act and the proceedings have not been concluded.

11

The Regulator may not issue a notice under this Article to a person in respect of an act if the Regulator has required the person to pay a penalty under Article 10 of the 1995 Order (civil penalties) in respect of the same act.

12

In this Article “act” includes omission.

Financial penalties: time for recovery
83B1

Paragraph (3) applies where—

a

the Regulator is satisfied that Article 83A applies to a person by virtue of Article 54C or 54D (financial penalty for avoidance of employer debt etc),

b

the Regulator issues a notice under Article 83A requiring the person to pay a penalty in respect of the act or failure to act in question, and

c

when the notice under Article 83A is issued, the person is subject to one or more contribution notices issued under Article 34 (contribution notices where avoidance of employer debt).

2

Paragraph (3) does not apply if, when the notice under Article 83A is issued, a qualifying insolvency event has occurred in relation to the employer in relation to the scheme by reference to which the penalty under Article 83A is imposed.

3

The Regulator may not take any step to recover the penalty specified in the notice under Article 83A (including accepting an amount offered in payment or part payment of the penalty) until after—

a

the relevant date relating to the contribution notice or (as the case may be) the latest of the relevant dates relating to the contribution notices, or

b

if sooner, the date on which a qualifying insolvency event occurs in relation to the employer in relation to the scheme by reference to which the penalty under Article 83A is imposed.

4

In this Article—

qualifying insolvency event” has the meaning given by Article 111(3);

the relevant date” means, in relation to a contribution notice issued under Article 34—

a

the date specified under Article 36(2A) for the purposes of Articles 38A(2) and 38B(2), disregarding any date that has effect instead of that date by virtue of Article 37(10A) or (11B), or

b

if sooner, the date on which the sum specified in the contribution notice is paid.

Financial penalties: recovery
83C1

A penalty under Article 83A is recoverable by the Regulator.

2

Such a penalty is, if the county court so orders, recoverable under Article 4 of the Judgments Enforcement (Northern Ireland) Order 1981 or otherwise as if it were payable under an order of that court.

3

The Regulator must pay into the Consolidated Fund a penalty recovered under this Article.

PART 2Minor and consequential amendmentsPensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))15

In Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) after paragraph (9) insert—

10

The Authority may not require a person to pay a penalty under this Article in respect of an act or omission if the Authority have issued a notice to the person under Article 83A of the Pensions (Northern Ireland) Order 2005 (financial penalties) in respect of the same act or omission.

Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))16

The Pensions (Northern Ireland) Order 2005 is amended as follows.

17

In Article 34B (Article 34 contribution notice issued by reference to material detriment test: defence), in paragraph (12), for sub-paragraph (b) substitute—

b

a reference to party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure;

.

18

In Article 70 (inspection of premises: powers of inspectors), in paragraph (1)—

a

after “paragraph (1),” insert “ (2A), ”;

b

for “(3) or (4)” substitute “ (3), (4) or (5A) ”.

191

Article 71 (inspection of premises: supplementary) is amended as follows.

2

In paragraph (3)(a)—

a

after “virtue of”, in the second place it occurs, insert “ Article 72A, 72B or 83A of this Order, ”;

b

for “either of them” substitute “ any of those provisions ”.

3

In paragraph (9)—

a

after “(1),” insert “ (2A), ”;

b

for “(3) or (4)” substitute “ (3), (4) or (5A) ”.

20

In Article 73 (warrants), in paragraph (1)(c)(iii)—

a

after “virtue of”, in the first place it occurs, insert “ Article 72A, 72B or 83A of this Order, ”;

b

for “either of them” substitute “ any of those provisions ”.

211

Article 75 (offences of providing false or misleading information) is amended as follows.

2

In paragraph (1)(a), after head (iii) insert—

iiia

Article 67A (interviews),

.

3

In paragraph (1)(c), for “under this Order or the 1995 Order” substitute

under—

i

the 1995 Order,

ii

this Order,

iii

the Pensions (No. 2) Act (Northern Ireland) 2008,

iv

Schedule 18 to the Pensions Act (Northern Ireland) 2015, or

v

Part 2 of the Pension Schemes Act 2021

.

22

In Article 85 (codes of practice), in paragraph (2)—

a

in sub-paragraph (aa), after “test” insert “ , the employer insolvency test or the employer resources test ”;

b

after sub-paragraph (b) insert—

ba

the discharge of the duties imposed by Article 64A (duty to give notices and statements to the Regulator in respect of certain events);

.

231

Article 91 (the Regulator's standard procedure in relation to its regulatory functions) is amended as follows.

2

In paragraph (1A)(b), after “test” insert “ , the employer insolvency test or the employer resources test ”.

3

In paragraph (1B)—

a

in sub-paragraph (a), after “34B,” insert “ 34D or 34F (as the case may be) ”;

b

in sub-paragraph (b), for “paragraph (2) of that Article” substitute “ Article 34B(2), 34D(2) and (3) or 34F(2) (as the case may be) ”.

24

In Article 233 (no indemnification for fines or civil penalties), in paragraph (1)(b), after “virtue of” insert “ Article 72A, 72B or 83A of this Order, ”.

251

Article 282 (admissibility of statements) is amended as follows.

2

In paragraph (3)(b)—

a

after “financial penalty” insert “ on a relevant ground ”;

b

after “virtue of—” insert—

ai

Article 83A (financial penalties),

;

c

for head (i) (and the “or” following it) substitute—

i

section 164 of the Pension Schemes Act (breach of regulations),

ia

Article 10 of the 1995 Order (civil penalties),

ib

paragraph 10 of Schedule 17 to the Pensions Act (Northern Ireland) 2015 (penalties for contravention of regulations etc),

ic

paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc),

;

d

for head (ii) substitute—

ii

section 168 of the Pension Schemes Act 1993 (breach of regulations),

iii

section 10 of the Pensions Act 1995 (civil penalties),

iv

section 88A of the Pensions Act 2004 (financial penalties),

v

section 238G of that Act (penalties for contravention of regulations under section 238D),

vi

paragraph 10 of Schedule 17 to the Pensions Act 2014 (penalties for contravention of regulations etc), or

vii

paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc).

3

After paragraph (3) insert—

3A

For the purposes of this Article a financial penalty is payable on a relevant ground if it is payable otherwise than under—

a

Article 83A as it applies by virtue of—

i

Article 75A (financial penalty for providing false or misleading information to Regulator), or

ii

Article 75B (financial penalty for providing false or misleading information to trustees or managers), or

b

section 88A of the Pensions Act 2004 as it applies by virtue of—

i

section 80A of that Act (financial penalty for providing false or misleading information to Regulator), or

ii

section 80B of that Act (financial penalty for providing false or misleading information to trustees or managers).

4

In paragraph (4), in the definition of “information requirement”, after paragraph (c) insert—

"ca

Article 67A (requirement to attend interview etc);

.

261

Article 288 (Assembly etc. control of orders and regulations) is amended as follows.

2

In paragraph (3) (orders and regulations subject to confirmatory procedure), after sub-paragraph (aa) insert—

aaa

regulations under Article 34E(2)(a) (Article 34 contribution notice: constitution of resources of employer);

aab

regulations under Article 34E(2)(b) (Article 34 contribution notice: valuation of resources of employer);

.

3

In paragraph (3), after sub-paragraph (ab) insert—

ac

regulations under Article 54A(1) (offence of avoidance of employer debt: power to except certain schemes);

ad

regulations under Article 54B(1) (offence of conduct risking accrued scheme benefits: power to except certain schemes);

ae

regulations under Article 54C(1) (financial penalty for avoidance of employer debt: power to except certain schemes);

af

regulations under Article 54D(1) (financial penalty for conduct risking accrued scheme benefits: power to except certain schemes);

ag

regulations under Article 68(5B)(a) (inspection of premises: power to specify provisions by reference to which there may be inspection);

ah

regulations under Article 83A(3) (financial penalties: power to amend maximum amount of penalty);

.

27

In Schedule 1 (the Pensions Regulator), in Part 1 (delegation), in paragraph 2(2), after paragraph (d) insert—

da

the power to issue a notice under Article 67A;

db

the power to issue a fixed penalty notice under Article 72A;

dc

the power to issue an escalating penalty notice under Article 72B;

dd

the power to require payment of a penalty under Article 83A;

.

28

In Schedule 2 (the reserved regulatory functions), after paragraph 41 insert—

41A

The power to require a person to pay a penalty under Article 83A.

Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))29

The Pensions (No. 2) Act (Northern Ireland) 2008 is amended as follows.

30

In section 40 (fixed penalty notices), in subsection (1)—

a

omit the “or” after paragraph (c);

b

after paragraph (d) insert

, or

e

a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of its functions under or by virtue of this Part.

31

In section 41 (escalating penalty notices), in subsection (1)—

a

omit the “or” after paragraph (c);

b

after paragraph (d) insert

, or

e

a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of its functions under or by virtue of this Part.

SCHEDULE 9

Section 120

Pensions dashboards: Northern IrelandIntroductory1

The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.

Qualifying pensions dashboard service2

After Article 215 insert—

Pensions dashboardsQualifying pensions dashboard service

215A1

A pensions dashboard service is an electronic communications service by means of which information about pensions may be requested by, and provided to, an individual or a person authorised by the individual.

2

Qualifying pensions dashboard service” means a pensions dashboard service in relation to which prescribed requirements are satisfied.

3

Requirements prescribed under paragraph (2) may, in particular, relate to—

a

what relevant and other information is to be provided, how it is to be provided and the circumstances in which it is to be provided;

b

how the pensions dashboard service is to be established, maintained and operated.

4

In paragraph (3)(a) “relevant information” means—

a

information of a prescribed description about—

i

state pensions;

ii

basic or additional retirement pensions;

b

state pension information relating to the individual in question of such description as may be prescribed;

c

information of a prescribed description about occupational or personal pension schemes or a prescribed description of occupational or personal pension schemes;

d

information relating to the individual in question and particular occupational or personal pension schemes of such description as may be prescribed.

5

Requirements prescribed under paragraph (2) may, in particular—

a

require the pensions dashboard service to comply with standards, specifications or technical requirements published from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations;

b

require the provider of the pensions dashboard service to satisfy prescribed conditions;

c

require the provider of the pensions dashboard service to be a person approved from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations;

d

require the provider of the pensions dashboard service to provide, or not to provide, information, facilities or services specified or of a description specified in connection with the pensions dashboard service.

6

Requirements prescribed under paragraph (2) may include provision under which a determination may fall to be made by—

a

the Department,

b

the Money and Pensions Service, or

c

a person specified or of a description specified in the regulations.

Qualifying pension dashboard service: further provision
215B1

Requirements prescribed under Article 215A(2) may make provision about—

a

dealing with requests for information about pensions, including provision about the use of intermediaries;

b

the involvement of the provider of a pensions dashboard service in the arrangements for dealing with requests for information about pensions.

2

Provision made by virtue of paragraph (1) may, in particular, require—

a

the use of electronic communications;

b

the use of facilities or services specified or of a description specified in the regulations;

c

the provision of assistance in connection with the establishment, maintenance or management of such facilities or services;

d

participation in, or compliance with, arrangements for establishing, maintaining or managing such facilities or services.

3

The facilities and services for which provision may be made by virtue of paragraph (2)(b) may include facilities or services with functions relating to—

a

the transmission of information,

b

verifying the identity of a person,

c

identifying the occupational or personal pension scheme or schemes under which pensions are payable to or in respect of a particular individual,

d

authenticating information transmitted by means of electronic communications, or

e

ensuring the security of information transmitted by means of electronic communications.

4

Regulations under paragraph (2)(b) may impose requirements as regards a facility or service, including requirements about—

a

compliance with standards, specifications or technical requirements published from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations;

b

the provider of the facility or service being a person approved from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations.

5

Regulations under paragraph (2)(d) may, in particular, require the provider of the pensions dashboard service—

a

to cooperate with the Money and Pensions Service or a person specified or of a description specified in the regulations;

b

to coordinate activities with the Money and Pensions Service or a person specified or of a description specified in the regulations;

c

to enable the Money and Pensions Service or a person specified or of a description specified in the regulations to monitor or audit compliance by the provider.

6

Except as provided by paragraph (7), regulations under Article 215A(2) may provide for the processing of personal data in accordance with the regulations not to be in breach of—

a

any obligation of confidence owed by the person processing the personal data, or

b

any other restriction on the processing of personal data (however imposed).

7

Regulations under Article 215A(2) are not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but in determining whether particular processing of data would do so, take into account the power conferred or duty imposed by the provision of regulations in question).

Articles 215A and 215B: interpretation
215C1

This Article applies for the purposes of Articles 215A and 215B.

2

A reference to state pension information, in relation to an individual, is a reference to the information about that individual specified in—

a

section 38(7) of the 2000 Act, or

b

section 42(7) of the Child Support, Pensions and Social Security Act 2000.

3

A reference to the Money and Pensions Service includes a reference to a person with whom arrangements are made under section 5(1), (2) or (3) of the Financial Guidance and Claims Act 2018.

4

In Articles 215A and 215B—

additional retirement pension” means—

a

any additional pension or shared additional pension under—

i

the Contributions and Benefits Act, or

ii

the Social Security Contributions and Benefits Act 1992, or

b

any graduated retirement benefit under—

i

sections 35 and 36 of the National Insurance Act (Northern Ireland) 1966, or

ii

sections 36 and 37 of the National Insurance Act 1965;

basic retirement pension” means any basic pension under—

a

the Contributions and Benefits Act, or

b

the Social Security Contributions and Benefits Act 1992;

the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

electronic communications service” has the meaning given by section 32 of the Communications Act 2003;

personal data” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

state pension” means any state pension under—

a

Part 1 of the Pensions Act (Northern Ireland) 2015, or

b

Part 1 of the Pensions Act 2014.

Information from occupational pension schemes3

After Article 215C (inserted by paragraph 2) insert—

Information from occupational pension schemes

215D1

Regulations may impose requirements on the trustees or managers of a relevant occupational pension scheme with respect to—

a

providing pensions information by means of—

i

a qualifying pensions dashboard service, or

ii

the pensions dashboard service provided by the Money and Pensions Service;

b

facilitating the provision of pensions information by means of—

i

a qualifying pensions dashboard service, or

ii

the pensions dashboard service provided by the Money and Pensions Service.

2

In this Article “pensions information” means, in relation to a relevant occupational pension scheme, such information as may be prescribed, which may include in particular—

a

information relating to—

i

the constitution of the scheme,

ii

the administration and finances of the scheme,

iii

the rights and obligations that arise or may arise under the scheme,

iv

the pensions and other benefits an entitlement to which would be likely to accrue to a member, or be capable of being secured by a member, in respect of the rights that may arise under the scheme, and

v

other matters relevant to occupational pension schemes in general or to occupational pension schemes of a description to which the scheme belongs;

b

information as regards the position of an individual in relation to the scheme.

3

Regulations under paragraph (1) may, in particular, impose requirements about—

a

the persons to whom pensions information must be provided;

b

the circumstances in which pensions information must be provided;

c

the steps to be taken before pensions information may be provided;

d

the manner and form in which pensions information must be provided;

e

the time within which pensions information must be provided;

f

the way in which pensions information must be held.

4

Regulations under paragraph (1) may require the trustees or managers of a scheme to comply with standards, specifications or technical requirements published from time to time by—

a

the Department,

b

the Money and Pensions Service, or

c

a person specified or of a description specified in the regulations.

5

Regulations under paragraph (1) may include provision under which a determination may fall to be made by—

a

the Department,

b

the Money and Pensions Service, or

c

a person specified or of a description specified in the regulations.

6

Regulations under paragraph (1) may require the trustees or managers to provide prescribed information about their carrying out of requirements prescribed under this Article to—

a

the Regulator,

b

the Money and Pensions Service, or

c

a person specified or of a description specified in the regulations.

7

In complying with requirements prescribed under this Article, a trustee or manager of an occupational pension scheme must have regard to guidance issued from time to time by—

a

the Department, or

b

a person specified or of a description specified in the regulations.

Information from occupational pension schemes: further provision
215E1

Regulations under Article 215D(1) may make provision about—

a

how pensions information is to be provided, including provision about the use of intermediaries;

b

the involvement of the trustees or managers of a scheme in the arrangements for dealing with requests for information about pensions.

2

The provision made by virtue of paragraph (1) may, in particular, require—

a

the use of electronic communications;

b

the use of facilities or services specified or of a description specified in the regulations;

c

the provision of assistance in connection with the establishment, maintenance or management of such facilities or services;

d

participation in, or compliance with, arrangements for establishing, maintaining or managing such facilities or services.

3

The facilities and services for which provision may be made by virtue of paragraph (2)(b) may include facilities or services with functions relating to—

a

the transmission of information,

b

verifying the identity of a person,

c

identifying the occupational or personal pension scheme or schemes under which pensions are payable to or in respect of a particular individual,

d

authenticating information transmitted by means of electronic communications, or

e

ensuring the security of information transmitted by means of electronic communications.

4

Regulations under paragraph (2)(b) may impose requirements as regards a facility or service, including requirements about—

a

compliance with standards, specifications or technical requirements published from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations;

b

the provider of the facility or service being a person approved from time to time by—

i

the Department,

ii

the Money and Pensions Service, or

iii

a person specified or of a description specified in the regulations.

5

Regulations under paragraph (2)(d) may, in particular, require the trustees or managers—

a

to cooperate with the Money and Pensions Service or other persons specified or of a description specified in the regulations;

b

to coordinate activities with the Money and Pensions Service or other persons specified or of a description specified in the regulations.

6

Except as provided by paragraph (7), regulations under Article 215D(1) may provide for the processing of personal data in accordance with the regulations not to be in breach of—

a

any obligation of confidence owed by the person processing the personal data, or

b

any other restriction on the processing of personal data (however imposed).

7

Regulations under Article 215D(1) are not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but in determining whether particular processing of data would do so, take into account the power conferred or duty imposed by the provision of regulations in question).

Articles 215D and 215E: interpretation
215F1

This Article has effect for the purposes of Articles 215D and 215E.

2

A reference to the Money and Pensions Service includes a reference to a person with whom arrangements are made under section 5(1), (2) or (3) of the Financial Guidance and Claims Act 2018.

3

In Articles 215D and 215E—

the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

pensions dashboard service” means—

a

a pensions dashboard service within the meaning of Article 215A, or

b

a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004;

personal data” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

qualifying pensions dashboard service” means a pensions dashboard service that satisfies—

a

such requirements as may be prescribed by regulations under Article 215A, or

b

such requirements as may be prescribed by regulations under section 238A of the Pensions Act 2004;

relevant occupational pension scheme” means an occupational pension scheme which is not a stakeholder pension scheme (as defined in Article 3 of the 1999 Order).

Compliance
215G1

Regulations may make provision with a view to securing that the trustees or managers of a relevant occupational pension scheme comply with a provision of regulations under Article 215D.

2

The regulations may, among other things—

a

provide for the Regulator to issue a notice (a “compliance notice”) to a person with a view to ensuring the person's compliance with a provision of regulations under Article 215D;

b

provide for the Regulator to issue a notice (a “third party compliance notice”) to a person with a view to ensuring another person's compliance with a provision of the regulations;

c

provide for the Regulator to issue a notice (a “penalty notice”) imposing a penalty on a person where the Regulator is of the opinion that the person—

i

has failed to comply with a compliance notice or third party compliance notice, or

ii

has contravened a provision of regulations under Article 215D;

d

provide for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of the issue of a penalty notice or the amount of a penalty;

e

confer other functions on the Regulator.

3

The regulations may make provision for determining the amount, or the maximum amount, of a penalty in respect of a failure or contravention.

4

But the amount of a penalty imposed under the regulations in respect of a failure or contravention must not exceed—

a

£5,000, in the case of an individual, and

b

£50,000, in any other case.

5

In this Article “relevant occupational pension scheme” has the meaning given by Article 215F.

Admissibility of statements4

In Article 282 (admissibility of statements), in paragraph (3)(b), after head (ai) (inserted by paragraph 25 of Schedule 8) insert—

bi

Article 215G (penalties for contravention of regulations under Article 215D),

.

Assembly control of regulations5

In Article 288 (Assembly etc control of orders and regulations), in paragraph (3) (orders and regulations subject to confirmatory procedure), after sub-paragraph (j) insert—

ja

regulations under Article 215A (qualifying pensions dashboard service);

jb

regulations under Article 215D (information from occupational pension schemes);

jc

regulations under Article 215G (compliance with regulations under Article 215D);

.

The Pensions Regulator: delegation6

In Schedule 1 (the Pensions Regulator), in Part 1 (delegation), in paragraph 2(2), after paragraph (e) insert—

ea

the power to issue a compliance notice under regulations under Article 215G;

eb

the power to issue a third party compliance notice under regulations under Article 215G;

ec

the power to issue a penalty notice under regulations under Article 215G;

.

SCHEDULE 10

Section 123

Funding of defined benefit schemesPART 1Amendments of Part 3 of the Pensions Act 20041

Part 3 of the Pensions Act 2004 (scheme funding) is amended as follows.

2

Before section 222 insert—

221AFunding and investment strategy1

The trustees or managers must determine, and from time to time review and if necessary revise, a strategy for ensuring that pensions and other benefits under the scheme can be provided over the long term.

This is referred to in this Part as a “funding and investment strategy”.

2

The strategy must, in particular, specify—

a

the funding level the trustees or managers intend the scheme to have achieved as at the relevant date or relevant dates, and

b

the investments the trustees or managers intend the scheme to hold on the relevant date or relevant dates.

3

In subsection (2)—

a

funding level” means the ratio of the scheme's assets to its liabilities;

b

relevant date” means a date determined in accordance with regulations.

4

Provision may be made by regulations—

a

requiring the trustees or managers of a scheme, in determining or revising a funding and investment strategy, to take into account prescribed matters and follow prescribed principles;

b

as to the level of detail required in a funding and investment strategy;

c

as to the period within which a funding and investment strategy must be determined;

d

requiring a funding and investment strategy to be reviewed, and if necessary revised, at such intervals and on such occasions as may be prescribed.

5

The provision that may be made by virtue of subsection (4)(a) includes provision requiring the trustees or managers, in specifying a funding level for the purposes of subsection (2)(a), to adopt prescribed actuarial methods or assumptions.

6

Where any requirement of this section is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.

221BStatement of strategy1

The trustees or managers must, as soon as reasonably practicable after determining or revising the scheme's funding and investment strategy, prepare a written statement of—

a

the scheme's funding and investment strategy, and

b

the supplementary matters set out in subsection (2).

2

The supplementary matters are—

a

the extent to which, in the opinion of the trustees or managers, the funding and investment strategy is being successfully implemented and, where it is not, the steps they propose to take to remedy the position (including details as to timing);

b

the main risks faced by the scheme in implementing the funding and investment strategy and how the trustees or managers intend to mitigate or manage them;

c

reflections of the trustees or managers on any significant decisions taken by them in the past that are relevant to the funding and investment strategy (including any lessons learned that have affected other decisions or may do so in the future);

d

such other matters as may be prescribed.

3

In this Part—

a

a statement under subsection (1) is referred to as a “statement of strategy”;

b

the text included in a statement of strategy by virtue of subsection (1)(a) is referred to as “Part 1” of the statement;

c

the text included in a statement of strategy by virtue of subsection (1)(b) is referred to as “Part 2” of the statement.

4

The trustees or managers must from time to time, and at such times and on such occasions as may be prescribed—

a

review Part 2 of the scheme's statement of strategy, and

b

if necessary in the light of that review, revise that Part and prepare a replacement statement of strategy incorporating it.

5

The trustees or managers must consult the employer when preparing or revising Part 2 of a statement of strategy.

6

A statement of strategy prepared for a trust scheme must be signed on behalf of the trustees by a person who—

a

is the chair of the trustees, and

b

meets such other conditions as may be prescribed.

7

Where subsection (6) cannot be complied with because the trustees of a trust scheme do not have a chair, they must appoint one.

8

Provision may be made by regulations—

a

requiring the trustees or managers of a scheme, in preparing or revising Part 2 of a statement of strategy, to take into account prescribed matters and follow prescribed principles;

b

as to the level of detail required in Part 2 of a statement of strategy;

c

as to the form of a statement of strategy;

d

requiring the trustees or managers of a scheme to send a statement of strategy to the Regulator at such times and on such occasions as may be prescribed.

9

Where any requirement of this section is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.

31

Section 222 (the statutory funding objective) is amended as follows.

2

After subsection (2) insert—

2A

The scheme's technical provisions shall be calculated in a way that is consistent with the scheme's funding and investment strategy, as set out in the scheme's statement of strategy.

3

In subsection (3)(b), after “in a prescribed manner and” insert “ , subject to subsection (2A), ”.

41

Section 224 (actuarial valuations and reports) is amended as follows.

2

After subsection (7) insert—

7A

As soon as reasonably practicable after receiving an actuarial valuation, the trustees or managers must send a copy of it to the Regulator, together with such other information as may be prescribed.

3

In subsection (8), for “or (7)” substitute “ , (7) or (7A) ”.

5

In section 226 (recovery plan), after subsection (3) insert—

3A

Provision may be made by regulations as to the matters to be taken into account, or the principles to be followed, in determining for the purposes of subsection (3) whether a recovery plan is appropriate having regard to the nature and circumstances of the scheme.

6

In section 229 (matters requiring agreement of employer), in subsection (1), before paragraph (a) insert—

za

the scheme's funding and investment strategy, as set out in the scheme's statement of strategy;

.

71

Section 231 (powers of the Regulator) is amended as follows.

2

In subsection (1), before paragraph (za) insert—

zza

that the trustees or managers have failed to comply with any of the requirements of section 221A (funding and investment strategy) or regulations under that section;

.

3

In subsection (2), after paragraph (a) insert—

aa

it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;

.

PART 2Minor and consequential amendments8

The Pensions Act 2004 is amended as follows.

9

In section 60 (registrable information), in subsection (2), after paragraph (c) insert—

ca

in the case of an occupational pension scheme established under a trust, the full name and address of any chair of the trustees;

.

10

In section 80 (offences of providing false or misleading information), in subsection (1)(a)—

a

omit the “or” at the end of sub-paragraph (iv);

b

after that sub-paragraph insert—

iva

regulations under section 221B(8)(d) (duty of trustees or managers to provide statement of strategy), or

.

11

In section 316 (Parliamentary control of subordinate legislation), in subsection (2), after paragraph (i) insert—

ia

the first regulations under section 221A(4)(a) and (b) (funding and investment strategy: matters to be taken into account etc and level of detail);

ib

the first regulations under section 221B(2)(d) (Part 2 of statement of strategy: additional matters to be included);

ic

the first regulations under section 221B(8)(a) and (b) (Part 2 of statement of strategy: matters to be taken into account etc and level of detail);

.

SCHEDULE 11

Section 129

Further provision relating to pension schemes: Northern IrelandPART 1Funding of defined benefit schemesAmendments of Part 4 of the Pensions (Northern Ireland) Order 20051

Part 4 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (scheme funding) is amended as follows.

2

Before Article 201 insert—

Funding and investment strategy

200A1

The trustees or managers must determine, and from time to time review and if necessary revise, a strategy for ensuring that pensions and other benefits under the scheme can be provided over the long term.

This is referred to in this Part as a “funding and investment strategy”.

2

The strategy must, in particular, specify—

a

the funding level the trustees or managers intend the scheme to have achieved as at the relevant date or relevant dates, and

b

the investments the trustees or managers intend the scheme to hold on the relevant date or relevant dates.

3

In paragraph (2)—

a

funding level” means the ratio of the scheme's assets to its liabilities;

b

relevant date” means a date determined in accordance with regulations.

4

Provision may be made by regulations—

a

requiring the trustees or managers of a scheme, in determining or revising a funding and investment strategy, to take into account prescribed matters and follow prescribed principles;

b

as to the level of detail required in a funding and investment strategy;

c

as to the period within which a funding and investment strategy must be determined;

d

requiring a funding and investment strategy to be reviewed, and if necessary revised, at such intervals and on such occasions as may be prescribed.

5

The provision that may be made by virtue of paragraph (4)(a) includes provision requiring the trustees or managers, in specifying a funding level for the purposes of paragraph (2)(a), to adopt prescribed actuarial methods or assumptions.

6

Where any requirement of this Article is not complied with, Article 10 of the 1995 Order (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.

Statement of strategy
200B1

The trustees or managers must, as soon as reasonably practicable after determining or revising the scheme's funding and investment strategy, prepare a written statement of—

a

the scheme's funding and investment strategy, and

b

the supplementary matters set out in paragraph (2).

2

The supplementary matters are—

a

the extent to which, in the opinion of the trustees or managers, the funding and investment strategy is being successfully implemented and, where it is not, the steps they propose to take to remedy the position (including details as to timing);

b

the main risks faced by the scheme in implementing the funding and investment strategy and how the trustees or managers intend to mitigate or manage them;

c

reflections of the trustees or managers on any significant decisions taken by them in the past that are relevant to the funding and investment strategy (including any lessons learned that have affected other decisions or may do so in the future);

d

such other matters as may be prescribed.

3

In this Part—

a

a statement under paragraph (1) is referred to as a “statement of strategy”;

b

the text included in a statement of strategy by virtue of paragraph (1)(a) is referred to as “Part 1” of the statement;

c

the text included in a statement of strategy by virtue of paragraph (1)(b) is referred to as “Part 2” of the statement.

4

The trustees or managers must from time to time, and at such times and on such occasions as may be prescribed—

a

review Part 2 of the scheme's statement of strategy, and

b

if necessary in the light of that review, revise that Part and prepare a replacement statement of strategy incorporating it.

5

The trustees or managers must consult the employer when preparing or revising Part 2 of a statement of strategy.

6

A statement of strategy prepared for a trust scheme must be signed on behalf of the trustees by a person who—

a

is the chair of the trustees, and

b

meets such other conditions as may be prescribed.

7

Where paragraph (6) cannot be complied with because the trustees of a trust scheme do not have a chair, they must appoint one.

8

Provision may be made by regulations—

a

requiring the trustees or managers of a scheme, in preparing or revising Part 2 of a statement of strategy, to take into account prescribed matters and follow prescribed principles;

b

as to the level of detail required in Part 2 of a statement of strategy;

c

as to the form of a statement of strategy;

d

requiring the trustees or managers of a scheme to send a statement of strategy to the Regulator at such times and on such occasions as may be prescribed.

9

Where any requirement of this Article is not complied with, Article 10 of the 1995 Order (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.

31

Article 201 (the statutory funding objective) is amended as follows.

2

After paragraph (2) insert—

2A

The scheme's technical provisions shall be calculated in a way that is consistent with the scheme's funding and investment strategy, as set out in the scheme's statement of strategy.

3

In paragraph (3)(b), after “in a prescribed manner and” insert “ , subject to paragraph (2A), ”.

41

Article 203 (actuarial valuations and reports) is amended as follows.

2

After paragraph (7) insert—

7A

As soon as reasonably practicable after receiving an actuarial valuation, the trustees or managers must send a copy of it to the Regulator, together with such other information as may be prescribed.

3

In paragraph (8), for “or (7)” substitute “ , (7) or (7A) ”.

5

In Article 205 (recovery plan), after paragraph (3) insert—

3A

Provision may be made by regulations as to the matters to be taken into account, or the principles to be followed, in determining for the purposes of paragraph (3) whether a recovery plan is appropriate having regard to the nature and circumstances of the scheme.

6

In Article 208 (matters requiring agreement of employer), in paragraph (1), before sub-paragraph (a) insert—

za

the scheme's funding and investment strategy, as set out in the scheme's statement of strategy;

.

71

Article 210 (powers of the Regulator) is amended as follows.

2

In paragraph (1), before sub-paragraph (za) insert—

zza

that the trustees or managers have failed to comply with any of the requirements of Article 200A (funding and investment strategy) or regulations under that Article;

.

3

In paragraph (2), after sub-paragraph (a) insert—

aa

it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;

.

Minor and consequential amendments8

The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.

9

In Article 55 (registrable information), in paragraph (2), after sub-paragraph (c) insert—

ca

in the case of an occupational pension scheme established under a trust, the full name and address of any chair of the trustees;

.

10

In Article 75 (offences of providing false or misleading information), in paragraph (1)(a)—

a

omit the “or” at the end of head (iv);

b

after that head insert—

iva

regulations under Article 200B(8)(d) (duty of trustees or managers to provide statement of strategy), or

.

11

In Article 288 (Assembly etc control of orders and regulations), in paragraph (3), after sub-paragraph (h) insert—

ha

the first regulations under Article 200A(4)(a) and (b) (funding and investment strategy: matters to be taken into account etc and level of detail);

hb

the first regulations under Article 200B(2)(d) (Part 2 of statement of strategy: additional matters to be included);

hc

the first regulations under Article 200B(8)(a) and (b) (Part 2 of statement of strategy: matters to be taken into account etc and level of detail);

.

PART 2Other provisionClimate change risk121

The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) is amended as follows.

2

After Article 41 insert—

Climate change risk

41A1

Regulations may impose requirements on the trustees or managers of an occupational pension scheme of a prescribed description with a view to securing that there is effective governance of the scheme with respect to the effects of climate change.

2

The effects of climate change in relation to which provision may be made under paragraph (1) include, in particular—

a

risks arising from steps taken because of climate change (whether by governments or otherwise), and

b

opportunities relating to climate change.

3

The requirements which may be imposed by the regulations include, in particular, requirements about—

a

reviewing the exposure of the scheme to risks of a prescribed description;

b

assessing the assets of the scheme in a prescribed manner;

c

determining, reviewing and (if necessary) revising a strategy for managing the scheme's exposure to risks of a prescribed description;

d

determining, reviewing and (if necessary) revising targets relating to the scheme's exposure to risks of a prescribed description;

e

measuring performance against such targets;

f

preparing documents containing information of a prescribed description.

4

Regulations under paragraph (3)(b) may, in particular, require—

a

that assets are assessed by reference to their exposure to risks of a prescribed description, and

b

that an assessment includes determining the contribution of the assets of the scheme to climate change.

5

The regulations may require the trustees or managers of the scheme to take into account—

a

different ways in which the climate might change, and

b

different steps that might be taken because of climate change.

6

Regulations under paragraph (5) may require the trustees or managers of the scheme to adopt prescribed assumptions as to future events, including assumptions about—

a

the steps that might be taken for the purpose of achieving the Paris Agreement goal or other climate change goal, or

b

the achievement of the Paris Agreement goal or other climate change goal.

7

In complying with requirements imposed by the regulations, a trustee or manager must have regard to guidance prepared from time to time by the Department.

8

In this Article “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre-industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.

Climate change risk: publication of information
41B1

Regulations may require the trustees or managers of an occupational pension scheme of a prescribed description to publish information of a prescribed description relating to the effects of climate change on the scheme (which may include information about matters to which regulations under Article 41A may relate).

2

Regulations under paragraph (1) may, among other things—

a

require the trustees or managers to publish a document of a prescribed description;

b

require information or a document to be made available free of charge;

c

require information or a document to be provided in a form that is or by means that are prescribed or of a prescribed description.

3

In complying with requirements imposed by the regulations, a trustee or manager must have regard to guidance prepared from time to time by the Department.

Articles 41A and 41B: compliance
41C1

Regulations may make provision with a view to ensuring compliance with a provision of regulations under Article 41A or 41B.

2

The regulations may in particular—

a

provide for the Authority to issue a notice (a “compliance notice”) to a person with a view to ensuring the person's compliance with a provision of regulations under Article 41A or 41B;

b

provide for the Authority to issue a notice (a “third party compliance notice”) to a person with a view to ensuring another person's compliance with a provision of regulations under Article 41A or 41B;

c

provide for the Authority to issue a notice (a “penalty notice”) imposing a penalty on a person where the Authority are of the opinion that the person—

i

has failed to comply with a compliance notice or third party compliance notice, or

ii

has contravened a provision of regulations under Article 41A or 41B;

d

provide for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of the issue of a penalty notice or the amount of a penalty;

e

confer other functions on the Authority.

3

The regulations may make provision for determining the amount, or the maximum amount, of a penalty in respect of a failure or contravention.

4

But the amount of a penalty imposed under the regulations in respect of a failure or contravention must not exceed—

a

£5,000, in the case of an individual, and

b

£50,000, in any other case.

5

In this Article “First-tier Tribunal” and “Upper Tribunal” mean those tribunals established under section 3 of the Tribunals, Courts and Enforcement Act 2007.

3

In Article 113 (breach of regulations), in paragraph (3)(b), after “10” insert “ or under provision contained in regulations made by virtue of Article 41C ”.

4

In Article 167 (Assembly, etc. control of orders and regulations), after paragraph (3) insert—

3A

Paragraph (2) also applies in relation to the first regulations made by virtue of Article 41A or 41C (whether made alone or with other regulations).

Transfer rights: exercise of right to cash equivalent131

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

2

In section 91 (ways of taking right to cash equivalent), after subsection (6) insert—

6ZA

The trustees or managers of the scheme may not use the cash equivalent in a way specified in subsection (2)(a), (b) or (d), (2A)(a), (b) or (d) or (3) unless prescribed conditions are satisfied.

6ZB

The conditions that may be prescribed by regulations under subsection (6ZA) include (but are not limited to) conditions about—

a

the member's employment or place of residence;

b

providing the trustees or managers with information or evidence about the member's employment or place of residence;

c

the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;

d

providing the trustees or managers with evidence that—

i

the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or

ii

the member is not subject to such a prescribed condition.

6ZC

Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).

3

In section 94 (loss of right to cash equivalent), in subsection (2), for “95(2A)” substitute “ 95(2ZA) or (2A) ”.

4

In section 95 (trustees' duties after exercise of option), after subsection (2) insert—

2ZA

Subsection (2) does not apply if the trustees or managers have been unable to carry out what the member requires because a condition prescribed by regulations under section 91(6ZA) has not been satisfied.

5

In section 95, after subsection (2ZA) (inserted by sub-paragraph (4)) insert—

2ZB

Subsection (2) does not apply if—

a

the member was required by section 92(4) to give a transfer notice under section 97F(1) in addition to making an application, and

b

the trustees or managers have been unable to carry out what the member required in the transfer notice under section 97F(1) because a condition prescribed by regulations under section 97F(5A) has not been satisfied.

6

In section 97F (power to give transfer notice), after subsection (5) insert—

5A

The trustees or managers of the scheme may not use the amount equal to the cash equivalent for an authorised purpose under subsection (2)(a) or (c) or (3) unless prescribed conditions are satisfied.

5B

The conditions that may be prescribed by regulations under subsection (5A) include (but are not limited to) conditions about—

a

the member's employment or place of residence;

b

providing the trustees or managers with information or evidence about the member's employment or place of residence;

c

the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;

d

providing the trustees or managers with evidence that—

i

the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or

ii

the member is not subject to such a prescribed condition.

5C

Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).

7

In section 97J (time for compliance with transfer notice), after subsection (2A) insert—

2AA

Subsection (1) does not apply if the trustees or managers have been unable to carry out what the member requires because a condition prescribed by regulations under section 97F(5A) has not been satisfied.

8

In section 97J, after subsection (2AA) (inserted by sub-paragraph (7)) insert—

2AB

Subsection (1) does not apply if—

a

the member was required by section 97G(4) to make an application under section 91(1) in addition to giving a transfer notice, and

b

the trustees or managers have been unable to carry out what the member required in the application under section 91(1) because a condition prescribed by regulations under section 91(6ZA) has not been satisfied.

The Pension Protection Fund: modification of provisions relating to pensionable service141

The amendments of the Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005 (S.R. (N.I.) 2005 No. 149) made by regulation 2(2) and (3) of the Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations (Northern Ireland) 2018 (S.R. (N.I.) 2018 No. 165) (“the 2018 Regulations”) are to be deemed always to have had effect.

2

The amendment of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005 (S.R. (N.I.) 2005 No. 91) made by regulation 3 of the 2018 Regulations is to be deemed always to have had effect.

Administration charges151

In Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (meaning of “stakeholder pension scheme”), in paragraph (5) (fourth condition: charge cap)—

a

for “result in” substitute “constitute”;

b

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

2

In Schedule 18 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (power to restrict charges or impose requirements in relation to schemes), in paragraph 1(5), in the definition of “administration charge”—

a

for “result in” substitute “constitute”;

b

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

3

In section 109 of the Pension Schemes (Northern Ireland) Act 1993 (disclosure of information about schemes to members etc)—

a

in subsection (6)(b), after “the” insert “other”;

b

in subsection (7), after “or” insert “other”.

Categories of pension schemes: repeal of provisions of Pension Schemes Act (Northern Ireland) 201616

In the Pension Schemes Act (Northern Ireland) 2016 (c. 1 (N.I.)), omit—

a

sections 1 to 7 (Part 1: categories of pension scheme);

b

sections 8 to 35 (Part 2: pension schemes providing collective benefits);

c

sections 36, 37, 38(2), (3) and (5) to (7) and 39 to 45 (general changes to legislation about pension schemes);

d

Schedule 1 (early leavers: revaluation of accrued benefits);

e

in Schedule 2 (other amendments to do with Parts 1 and 2)—

i

paragraphs 1 to 19;

ii

paragraph 21;

iii

paragraphs 23 to 27;

iv

paragraphs 29 and 30;

v

paragraph 32;

vi

paragraphs 34 to 47.

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<notes source="#source">
<note class="commentary I" eId="c24494231">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/1">Sch. 1 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494241">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/2">Sch. 1 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494251">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/3">Sch. 1 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494261">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/4">Sch. 1 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494271">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/5">Sch. 1 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494281">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/6">Sch. 1 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494291">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/7">Sch. 1 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494301">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/1">Sch. 2 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494311">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/2">Sch. 2 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494321">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/3">Sch. 2 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494331">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/4">Sch. 2 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494341">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/5">Sch. 2 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494351">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/1">Sch. 3 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24494381">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/2">Sch. 3 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496941">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/3">Sch. 3 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496951">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/4">Sch. 3 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496961">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/5">Sch. 3 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497061">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/6">Sch. 3 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497101">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/7">Sch. 3 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497111">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/8">Sch. 3 para. 8</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497161">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/9">Sch. 3 para. 9</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497171">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/10">Sch. 3 para. 10</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497181">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/11">Sch. 3 para. 11</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24507251">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/12">Sch. 3 para. 12</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497151">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/13">Sch. 3 para. 13</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497141">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/14">Sch. 3 para. 14</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497131">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/15">Sch. 3 para. 15</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497121">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/16">Sch. 3 para. 16</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497051">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/17">Sch. 3 para. 17</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497041">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/18">Sch. 3 para. 18</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497031">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/19">Sch. 3 para. 19</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497021">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/20">Sch. 3 para. 20</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497011">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/21">Sch. 3 para. 21</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497001">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/22">Sch. 3 para. 22</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496991">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/23">Sch. 3 para. 23</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496981">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/24">Sch. 3 para. 24</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24496971">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/25">Sch. 3 para. 25</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497201">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/1">Sch. 4 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497211">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/2">Sch. 4 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497261">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/3">Sch. 4 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497251">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/4">Sch. 4 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497241">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/5">Sch. 4 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497231">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/6">Sch. 4 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497221">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/7">Sch. 4 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497271">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/1">Sch. 5 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497281">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/2">Sch. 5 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497291">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/3">Sch. 5 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497301">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/4">Sch. 5 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497311">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/5">Sch. 5 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497331">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/1">Sch. 6 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497341">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/2">Sch. 6 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497351">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/3">Sch. 6 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497361">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/4">Sch. 6 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497371">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/5">Sch. 6 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497951">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/6">Sch. 6 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497961">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/7">Sch. 6 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498031">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/8">Sch. 6 para. 8</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498061">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/9">Sch. 6 para. 9</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498071">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/10">Sch. 6 para. 10</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498151">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/11">Sch. 6 para. 11</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498221">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/12">Sch. 6 para. 12</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498251">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/13">Sch. 6 para. 13</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498261">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/14">Sch. 6 para. 14</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498271">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/15">Sch. 6 para. 15</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498281">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/16">Sch. 6 para. 16</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498301">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/17">Sch. 6 para. 17</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497751">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/18">Sch. 6 para. 18</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497721">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/19">Sch. 6 para. 19</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497431">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/20">Sch. 6 para. 20</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497421">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/21">Sch. 6 para. 21</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497411">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/22">Sch. 6 para. 22</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497401">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/23">Sch. 6 para. 23</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497391">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/24">Sch. 6 para. 24</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24497381">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/25">Sch. 6 para. 25</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498321">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/1">Sch. 9 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498331">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/2">Sch. 9 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498341">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/3">Sch. 9 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498351">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/4">Sch. 9 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498361">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/5">Sch. 9 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498371">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/9/paragraph/6">Sch. 9 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ref>
</p>
</note>
<note class="commentary I" eId="c24498491">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/1">Sch. 10 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498481">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/2">Sch. 10 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498471">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/3">Sch. 10 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498461">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/4">Sch. 10 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498451">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/5">Sch. 10 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498441">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/6">Sch. 10 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498431">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/7">Sch. 10 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498421">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/8">Sch. 10 para. 8</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498411">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/9">Sch. 10 para. 9</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498401">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/10">Sch. 10 para. 10</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498391">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/10/paragraph/11">Sch. 10 para. 11</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/b">s. 131(3)(b)</ref>
</p>
</note>
<note class="commentary I" eId="c24498501">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/1">Sch. 11 para. 1</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498511">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/2">Sch. 11 para. 2</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498521">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/3">Sch. 11 para. 3</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498531">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/4">Sch. 11 para. 4</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498541">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/5">Sch. 11 para. 5</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498561">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/6">Sch. 11 para. 6</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498571">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/7">Sch. 11 para. 7</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498581">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/8">Sch. 11 para. 8</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498591">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/9">Sch. 11 para. 9</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498601">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/10">Sch. 11 para. 10</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="c24498611">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/11">Sch. 11 para. 11</ref>
in force at Royal Assent for specified purposes, see
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/c">s. 131(3)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-7b24b8ae3e2fa76d7aec7087720ddd06">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/2">Sch. 7 para. 2</ref>
in force at 31.5.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/620">S.I. 2021/620</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/620/regulation/2/2/a">reg. 2(2)(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-f7090975f7c2504a696afe932aeb8535">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/8/a">Sch. 7 para. 8(a)</ref>
in force at 31.5.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/620">S.I. 2021/620</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/620/regulation/2/2/d">reg. 2(2)(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-eee2ccd8369df53e550a6387e8dfe6be">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/2">Sch. 7 para. 2</ref>
in force at 25.6.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752">S.I. 2021/752</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-8c69dd5c628fce7e16a00a16d578e4d6">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/12/1">Sch. 7 para. 12(1)</ref>
in force at 25.6.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752">S.I. 2021/752</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-7a0655fb62a2f4ad5b218849d44bafcb">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/12/2">Sch. 7 para. 12(2)</ref>
in force at 25.6.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752">S.I. 2021/752</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/752/regulation/2/b">reg. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-32987d264e1d48ba0bb8791d3142a27f">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/1">Sch. 8 para. 1</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/a">art. 2(1)(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-aec34dfd586e1f2bbba29b92d60fabee">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/1">Sch. 11 para. 13(1)</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/b">art. 2(1)(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-69425ce089b4f4b91a689a701aa65403">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/2/3">Sch. 8 para. 2(3)</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/c">art. 2(1)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-f25812334905b59ae8ccd82b7fc5dc32">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/8/1">Sch. 8 para. 8(1)</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/d">art. 2(1)(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-722d2e41cc360680225bcb352d6dad6e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/9/1">Sch. 8 para. 9(1)</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/e">art. 2(1)(e)</ref>
</p>
</note>
<note class="commentary I" eId="key-5d8a2d0038da33a52a4f648e5c493c8a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/11">Sch. 8 para. 11</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/f">art. 2(1)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-98bf49483c952e8fcd9e62f9aa3dc337">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/2">Sch. 11 para. 13(2)</ref>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/6">(6)</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/1/g">art. 2(1)(g)</ref>
</p>
</note>
<note class="commentary I" eId="key-416deb4a568f001a52a0c252aa58a9fd">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/16">Sch. 8 para. 16</ref>
in force at 1.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/2/a">art. 2(2)(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-82c74b19a87fc45457bbca7f01876fd1">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/22/a">Sch. 8 para. 22(a)</ref>
in force at 1.9.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/2/c">art. 2(2)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-39bdb376084ac7d7422c3f761ac1470e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/26/2">Sch. 8 para. 26(2)</ref>
in force at 1.9.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/2/d">art. 2(2)(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-f717c5c6cefec871cd745533b59613bc">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/12">Sch. 11 para. 12</ref>
in force at 1.9.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/2/e">art. 2(2)(e)</ref>
</p>
</note>
<note class="commentary I" eId="key-5b0a2d87a5a3770dfdd9d6eed89859a4">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/14">Sch. 11 para. 14</ref>
in force at 1.9.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240">S.R. 2021/240</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/240/article/2/2/f">art. 2(2)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-219e46ef36e51ae8d9abf341e1aa5814">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/1">Sch. 7 para. 1</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/a">reg. 2(4)(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-eaf52d7fdadce390eff509ef67b2623b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/2">Sch. 7 para. 2</ref>
in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/b">reg. 2(4)(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-260e379a7af1717f7f6f1f1d5ead3781">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/3">Sch. 7 para. 3</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/c">reg. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-7107c36036430dceb6708deb82f0e849">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/4">Sch. 7 para. 4</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/c">reg. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-82b40c54bcb0c0cd7e60dc8d9347a94c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/5">Sch. 7 para. 5</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/c">reg. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-37e6b39818debca1a2deea7a87fd9f4c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/6">Sch. 7 para. 6</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/c">reg. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-5fa0af10aaec41985cba7039defc41eb">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/7">Sch. 7 para. 7</ref>
in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/d">reg. 2(4)(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-60f0cb93f7a176ace2cfd173a4e2b6b1">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/8/b">Sch. 7 para. 8(b)</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/e">reg. 2(4)(e)</ref>
</p>
</note>
<note class="commentary I" eId="key-e5ac6be5f618297ee2666326a093ebef">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/9">Sch. 7 para. 9</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/f">reg. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-410ff2d519f280f37075610a7b482339">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/10">Sch. 7 para. 10</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/f">reg. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-3fe28c96ba0fb6ad23b175b60bfe274f">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/11">Sch. 7 para. 11</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/f">reg. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-16b09e7d36f7ba0a5eccfd125c6e38c9">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/12/1">Sch. 7 para. 12(1)</ref>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/12/3">(3)</ref>
in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950">S.I. 2021/950</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/950/regulation/2/4/f">reg. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_a7c33cee-fc98-4dbe-92bd-1311204a1eba">
<p>
Sch. 11 para. 15(2) in force at 29.9.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/2">art. 2(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/10">art. 10</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_4757bf11-fc79-4589-dc82-1e5079159046">
<p>
Sch. 11 para. 15(2) in force immediately before 1.10.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/2">art. 2(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/10">art. 10</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_9dcdd16b-f7e3-4099-f923-b2d1c348f8e4">
<p>
Sch. 11 para. 15(3) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/j">art. 2(3)(j)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_c8d42ee3-75db-40b6-e11a-2ddc36e5508a">
<p>
Sch. 8 para. 3(1) in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/a">art. 2(3)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/2">art. 3(1)(2)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_4399dfb8-db8e-48e4-b459-5dca959557e4">
<p>
Sch. 8 para. 3(3)(4) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/a">art. 2(3)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/2">art. 3(1)(2)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_b45bfe5b-882e-401d-84a4-d079b68417d5">
<p>
Sch. 8 para. 4 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/b">art. 2(3)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/2">art. 3(1)(2)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_8f2c2779-9fbf-4792-e202-69f7d97c73d6">
<p>
Sch. 8 para. 5 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/c">art. 2(3)(c)</ref>
(with
<rref from="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1" upTo="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/3">art. 3(1)-(3)</rref>
)
</p>
</note>
<note class="commentary I" eId="M_I_c67526ac-4d19-491c-95c8-709017929d4b">
<p>
Sch. 8 para. 6 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/d">art. 2(3)(d)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/4">art. 3(1)(4)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_c279b654-0922-4769-a93e-fad0e7b4fba7">
<p>
Sch. 8 para. 7 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/e">art. 2(3)(e)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/4">arts. 4</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/8">8</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_d1602c08-38e3-4c9e-8d9b-5de4126bdd25">
<p>
Sch. 8 para. 10(1) in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/f">art. 2(3)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_b8aa652c-c2b4-4362-defd-bd294559f860">
<p>
Sch. 8 para. 10(2)(b)(i)(3)-(7) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/f">art. 2(3)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_afd966e5-d233-49e8-d290-d4b08263e723">
<p>
Sch. 8 para. 12 in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/g">art. 2(3)(g)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/6">art. 6</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_39dc77af-4f56-4ac8-a5cc-89184c564a82">
<p>
Sch. 8 para. 13 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/h">art. 2(3)(h)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/7">art. 7</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_026d9656-00e3-49c1-c3ad-7f4d90e25ceb">
<p>
Sch. 8 para. 14 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/i">art. 2(3)(i)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/5">art. 3(5)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_ca0f4ca9-1ca4-459f-e243-3c8297ac51b3">
<p>
Sch. 8 para. 1 in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/3/k/5/d">art. 2(3)(k)(5)(d)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_4a638c5a-c5cf-455c-e00c-31a8df243302">
<p>
Sch. 8 para. 2(1)(2) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/5/a">art. 2(5)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/2">art. 3(1)(2)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_521c0772-622a-49e7-890f-bbfde6a721ea">
<p>
Sch. 8 para. 2(3) in force at 1.10.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/5/a">art. 2(5)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/3/1/2">art. 3(1)(2)</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_ac29ae08-820a-4554-be08-ad3b2b7d637d">
<p>
Sch. 8 para. 9(1) in force at 1.10.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/5/b">art. 2(5)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_e96aeb42-5e60-45f1-d7f6-95a45aea2c99">
<p>
Sch. 8 para. 9(2)(3) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/5/b">art. 2(5)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_96e51409-a14f-4d30-ed3c-38b4c6f21ae8">
<p>
Sch. 8 para. 11 in force at 1.10.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/5/c">art. 2(5)(c)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/5">art. 5</ref>
)
</p>
</note>
<note class="commentary I" eId="M_I_7447ce22-4ee3-4c21-d5fa-92150cf5a85d">
<p>
Sch. 8 para. 15 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/a">art. 2(4)(a)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_f169e0e6-4c3f-4a4f-b558-abba2e8ebe5a">
<p>
Sch. 8 para. 16 in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/b">art. 2(4)(b)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_e9d651cc-2cd6-437a-b651-94e6a288572f">
<p>
Sch. 8 para. 17 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/c">art. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_5dd0042b-d570-43a2-dc15-06d1f9b254ae">
<p>
Sch. 8 para. 18 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/c">art. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_d9c70da0-6caf-46b5-ddbf-a78e33d83f6a">
<p>
Sch. 8 para. 19 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/c">art. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_910341bb-6f86-44c9-edbb-9c54bc916c4b">
<p>
Sch. 8 para. 20 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/c">art. 2(4)(c)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_52ddac4e-4912-4bf1-a62d-e4bf2ee7e17c">
<p>
Sch. 8 para. 21 in force at 1.10.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/d">art. 2(4)(d)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_43b5a831-e686-44c2-c678-ead13d344407">
<p>
Sch. 8 para. 22(b) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/e">art. 2(4)(e)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_bb35b1f7-f3a5-40b0-85d5-64d4d27d050e">
<p>
Sch. 8 para. 23 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/f">art. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_2467965b-d1d2-4eb3-c2c6-f6fa4f8cae8a">
<p>
Sch. 8 para. 24 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/f">art. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_ec0d3950-a466-464d-fbe2-a30eb78ddee8">
<p>
Sch. 8 para. 25 in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/f">art. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="M_I_9bdf8120-450d-4a59-fe98-f38789706f2b">
<p>
Sch. 8 para. 26(1)(3) in force at 1.10.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271">S.R. 2021/271</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/271/article/2/4/f">art. 2(4)(f)</ref>
</p>
</note>
<note class="commentary I" eId="key-220d3852cc923c0522d86cd0b6686734">
<p>
Sch. 11 para. 13(3)-(5)(7)(8) in force at 30.11.2021 by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/300">S.R. 2021/300</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/300/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-2d5d8b6bc99ded53fce575a6527e4ef1">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/1">Sch. 11 para. 13(1)</ref>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/2">(2)</ref>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/13/6">(6)</ref>
in force at 30.11.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2021/300">S.R. 2021/300</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2021/300/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-8eadde890954415e25b31ca34e837f2a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/13">Sch. 3 para. 13</ref>
in force at 13.12.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394">S.I. 2021/1394</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-c1b0ac5a61c7122aae53937f38f28b0e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/23">Sch. 3 para. 23</ref>
in force at 13.12.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394">S.I. 2021/1394</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-832b7266163fff115a356a7ced0db6cb">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/24">Sch. 3 para. 24</ref>
in force at 13.12.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394">S.I. 2021/1394</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-2e7ca024580043c7d594cb764fc192b5">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/25">Sch. 3 para. 25</ref>
in force at 13.12.2021 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394">S.I. 2021/1394</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394/regulation/2/a">reg. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-c032cd867ff161b9b1ba0061125c1c09">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/11">Sch. 3 para. 11</ref>
in force at 13.12.2021 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394">S.I. 2021/1394</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1394/regulation/2/b">reg. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-156d1541932578dd56a4eec7dfbab04e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/11">Sch. 6 para. 11</ref>
in force at 29.4.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173">S.R. 2022/173</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-181fc3b3a824b0acb9e709fc58f9dbed">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/14">Sch. 6 para. 14</ref>
in force at 29.4.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173">S.R. 2022/173</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173/article/2/c">art. 2(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-0d87f6afdb86dad78f1303e053287495">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/23">Sch. 6 para. 23</ref>
in force at 29.4.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173">S.R. 2022/173</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173/article/2/c">art. 2(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-7a4c38eb0ad751bc7ff308fcbd7544bd">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/24">Sch. 6 para. 24</ref>
in force at 29.4.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173">S.R. 2022/173</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173/article/2/c">art. 2(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-78c9124b915fe1a050ba8e6ce3966885">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/25">Sch. 6 para. 25</ref>
in force at 29.4.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173">S.R. 2022/173</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/173/article/2/c">art. 2(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-137e3e3cedcec7b916d443b64c121e1f">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/2">Sch. 7 para. 2</ref>
in force at 29.6.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/c">reg. 2(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-9f953d419f48807e410c657870165db7">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/13">Sch. 7 para. 13</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-f4df1f3b2bfcf56ddbc7dddbddc0abda">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/14">Sch. 7 para. 14</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-6b3a4fa5297dd7b321ac900332ef8235">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/15">Sch. 7 para. 15</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-26afba1eca2d81abbc47a5813a5dbe96">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/16">Sch. 7 para. 16</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-61e545b10713c962812550d2accfb6bb">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/17">Sch. 7 para. 17</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-676ffc97673509de98ae163d2d88ca86">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/18">Sch. 7 para. 18</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-1915974d258d78ab64fe309f2eb0880c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/19">Sch. 7 para. 19</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-f52fc0cccd31f8d6dc317b56581594f1">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/20">Sch. 7 para. 20</ref>
in force at 29.6.2022 by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/2/d">reg. 2(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-69235777a49cf80acad37cceef48e08a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/16">Sch. 8 para. 16</ref>
in force at 28.7.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/a">art. 2(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-bd01d211d7ce19e90c2961c8485e1fc7">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/27">Sch. 8 para. 27</ref>
in force at 28.7.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-088582108ed3604d3bed6b56c834a415">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/28">Sch. 8 para. 28</ref>
in force at 28.7.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-d469f6814201b78f7856d0801053b32b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/29">Sch. 8 para. 29</ref>
in force at 28.7.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-84695d7be0ce0fc23b91030970a8074b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/30">Sch. 8 para. 30</ref>
in force at 28.7.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-1741a0f4bb19c1fc56702db100da113b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/31">Sch. 8 para. 31</ref>
in force at 28.7.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/2/b">art. 2(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-785ecde928d8a8f64bf824790fb56d4c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/1">Sch. 1 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-f2bf82aad551450ab273b4a0685a5230">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/2">Sch. 1 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-f583d61559b54a2ae319b5344d903d23">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/3">Sch. 1 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-314245c1fa3eb66c5998678faf04acf1">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/4">Sch. 1 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-9f01c57fd78932ba5a9585bc0614a494">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/5">Sch. 1 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-09433708f8cc010ab0a00696bd02dd9c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/6">Sch. 1 para. 6</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-bf205b024c6b959725f5f9f7ba7feb26">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/1/paragraph/7">Sch. 1 para. 7</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-9a13b121557ef810ab98e8b7b11ef3b2">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/1">Sch. 2 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-3a887c278df2361b65f16c81db422cab">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/2">Sch. 2 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-2de119fa492568bb1f3b05f484d3ab5c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/3">Sch. 2 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-c26f7e9fa9e738981528005e7a8ff8de">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/4">Sch. 2 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-5b2e2d13e6af39d7e521a2f3311f2207">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/2/paragraph/5">Sch. 2 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-fb94a2538641aca6302f55f8bd6481bf">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/1">Sch. 3 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-d969dea9c7b8d69bb37d0ef9edcba0ac">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/2">Sch. 3 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-dc4b34f2807d3ec86852efa5e0f15737">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/3">Sch. 3 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-3f13d0ed7d5fbeb2e4395f8a3b850bd8">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/4">Sch. 3 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-eed3fedba10d0b9bee4416a396bbb0c9">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/5">Sch. 3 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1bf6923fb7edd4b2d342596650adc702">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/6">Sch. 3 para. 6</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-245e7f16ffbf829d13e8ee89408e003f">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/7">Sch. 3 para. 7</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-90d3a5f2e21594b505b480c565e4704b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/8">Sch. 3 para. 8</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-6d68faa0a7306d4f66d4a66c68ad8715">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/9">Sch. 3 para. 9</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-ecc489afe373295b299be468a4ebfa16">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/10">Sch. 3 para. 10</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-97cf2504c58ea2bccf0515b9e400ced0">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/11">Sch. 3 para. 11</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-ea3ac4e040c1b97ddd0835bf7b26cc7a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/12">Sch. 3 para. 12</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1aaef5c1ac1a1ebe25de05282be1ed62">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/14">Sch. 3 para. 14</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-80a33c1170946be8f4dce71e88cff753">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/15">Sch. 3 para. 15</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-f68880a54753b4c8cb7f62d9d0e9aaf8">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/16">Sch. 3 para. 16</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-02dda0aa250386491e9932974246c9c6">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/17">Sch. 3 para. 17</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-e2864700389b615a5761b85c86d6009c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/18">Sch. 3 para. 18</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-7771f9d6738de377e84e7dd26ad24a8e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/20">Sch. 3 para. 20</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-cc478f23eae1bc404232d2c7939ee7b7">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/21">Sch. 3 para. 21</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-48c16270fff9a36ab61361e2d1533fe6">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/22">Sch. 3 para. 22</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/a">reg. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1c4bb09d6e261d755721125ae6ad52c3">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/2">Sch. 7 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/d">reg. 3(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-65b92e9a3a910d5ec71e37825b03d4a9">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/7/paragraph/7/1/3">Sch. 7 para. 7(1)(3)</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721">S.I. 2022/721</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/721/regulation/3/d">reg. 3(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-e326c7b556046f28cee010df284dc64f">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/1">Sch. 4 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-a7faff65de8e375814b66284288d381b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/2">Sch. 4 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1567f60e022c66896b5f15134f0fab6d">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/3">Sch. 4 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-7b837568cad45ad3e5d8cbef61e3bb18">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/4">Sch. 4 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-d4fa641a366a5616b0152ba223b03d04">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/5">Sch. 4 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-688241149ba235fae1335dd82c9a404d">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/6">Sch. 4 para. 6</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-257aeba7bd7c0c7511e5ca370b8509f0">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/4/paragraph/7">Sch. 4 para. 7</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-a1557684a4c443577bef95679ecc2fc5">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/1">Sch. 5 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-abadb1a15f9a2c9e47fef72f722c80ea">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/2">Sch. 5 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-393eab57a1e52a795af405215a9b1ef4">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/3">Sch. 5 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-7a3995d6d198a3c0bdf3ac1b2d7d35aa">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/4">Sch. 5 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1c80d85d69655e09b477fa9289c2bc6d">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/5/paragraph/5">Sch. 5 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-c92f239cf3d2f458b2c6fb3702486ace">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/1">Sch. 6 para. 1</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-985f1ae9184326a392cb79bbae66dfce">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/2">Sch. 6 para. 2</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-0bd8d5ac949ce8fa22b05f35baa00cf4">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/3">Sch. 6 para. 3</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-ee99574e2f5de3e40ae4fc589b47db69">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/4">Sch. 6 para. 4</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-4c10844070fab5fedb43d791df0b2135">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/5">Sch. 6 para. 5</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-ac11d5c7aba2d5d26dc741e3a5a0a4f6">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/6">Sch. 6 para. 6</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-a7728aeb0b68eef40cc0d37f27fa8c50">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/7">Sch. 6 para. 7</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-b8b13e664b5cc91e33873475eb5988c5">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/8">Sch. 6 para. 8</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-b03c13422c1c0452ea5e53f80dd0a24e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/9">Sch. 6 para. 9</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-b2e559c1c4c8ace8160d1e43b76f7f08">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/10">Sch. 6 para. 10</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-f5e91d81a5b2150fc30771dbacf18525">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/11">Sch. 6 para. 11</ref>
in force at 1.8.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-e79de6c66e6ecc81552b9e2bbb6ec535">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/12">Sch. 6 para. 12</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-1f15f2e9687535b9bc8af708b57aa42a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/13">Sch. 6 para. 13</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-8af74f42449deb78f91669641cb00fc9">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/15">Sch. 6 para. 15</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-4cdf28deea49b21a4edac770fd8a6d63">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/16">Sch. 6 para. 16</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-ef3fcf56b9e95c876dd03b8995e9252c">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/17">Sch. 6 para. 17</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-0fa8e4f290b36e78ba053f25dfbbe869">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/18">Sch. 6 para. 18</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-840c850cdc4f7fae4bc5c56766eb1416">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/19">Sch. 6 para. 19</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-d604697d8cf5b303431a5621a000609a">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/21">Sch. 6 para. 21</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-c6c03dc5794e6acd04838e2b4127775e">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/6/paragraph/22">Sch. 6 para. 22</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/a">art. 3(a)</ref>
</p>
</note>
<note class="commentary I" eId="key-4bd599be30ad4128ecb5a8e06da884f0">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/10/1">Sch. 8 para. 10(1)</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/b">art. 3(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-889e0ea16146a38013c8cd671736895b">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/10/2/a/b/ii">Sch. 8 para. 10(2)(a)(b)(ii)</ref>
in force at 1.8.2022 by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/b">art. 3(b)</ref>
</p>
</note>
<note class="commentary I" eId="key-a1617c848210ecf8ee42f92288fefe97">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/12">Sch. 8 para. 12</ref>
in force at 1.8.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/c">art. 3(c)</ref>
</p>
</note>
<note class="commentary I" eId="key-aa538be99fc805b1feeeed2e5748b3f0">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/1">Sch. 8 para. 1</ref>
in force at 1.8.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/d">art. 3(d)</ref>
</p>
</note>
<note class="commentary I" eId="key-401e5aa707a71032f6834393cb3b7ec8">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/16">Sch. 8 para. 16</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/e">art. 3(e)</ref>
</p>
</note>
<note class="commentary I" eId="key-b4d8a83fdafa899e30d9396af1d602fe">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/8/paragraph/21">Sch. 8 para. 21</ref>
in force at 1.8.2022 in so far as not already in force by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/e">art. 3(e)</ref>
</p>
</note>
<note class="commentary I" eId="key-4b887e72f40a01facd75290b194b8a83">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/11/paragraph/16">Sch. 11 para. 16</ref>
in force at 1.8.2022 for specified purposes by
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197">S.R. 2022/197</ref>
,
<ref href="http://www.legislation.gov.uk/id/nisr/2022/197/article/3/f">art. 3(f)</ref>
</p>
</note>
</notes>
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<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-1" period="#period14">
<num>
SCHEDULE 1
<authorialNote class="referenceNote" placement="right">
<p> Section 6</p>
</authorialNote>
</num>
<heading>Money purchase benefits</heading>
<hcontainer name="crossheading" eId="schedule-1-crossheading-building-societies-act-1986-c-53" period="#period14">
<heading>
<em>Building Societies Act 1986 (c. 53)</em>
</heading>
<paragraph eId="schedule-1-paragraph-1" period="#period14">
<num>
<noteRef href="#c24494231" marker="I1" class="commentary I"/>
<noteRef href="#key-785ecde928d8a8f64bf824790fb56d4c" marker="I191" class="commentary I"/>
1
</num>
<subparagraph eId="schedule-1-paragraph-1-1">
<num>1</num>
<content>
<p>Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-2">
<num>2</num>
<content>
<p>In paragraph 1(2) (aggregate amount of director's remuneration), at the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-collective-money-purchase-benefit">collective money purchase benefit</term>
” has the meaning given in section 1 of the Pension Schemes Act 2021;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-3">
<num>3</num>
<intro>
<p>In that provision, in the definition of “money purchase benefits”—</p>
</intro>
<paragraph eId="schedule-1-paragraph-1-3-a">
<num>a</num>
<content>
<p>for “means retirement benefits” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">means— </p>
<paragraph eId="d4e145">
<num>a</num>
<content>
<p>retirement benefits</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-3-b">
<num>b</num>
<content>
<p>at the end insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, and </p>
<paragraph eId="d4e162">
<num>b</num>
<content>
<p>collective money purchase benefits;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-4">
<num>4</num>
<content>
<p>
In paragraph 1A(1) (money purchase benefits), for “the definition” substitute
<mod>
<quotedText>“ paragraph (a) of the definition ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-1-crossheading-pension-schemes-act-1993-c-48" period="#period14">
<heading>
<em>Pension Schemes Act 1993 (c. 48)</em>
</heading>
<paragraph eId="schedule-1-paragraph-2" period="#period14">
<num>
<noteRef href="#c24494241" marker="I2" class="commentary I"/>
<noteRef href="#key-f2bf82aad551450ab273b4a0685a5230" marker="I192" class="commentary I"/>
2
</num>
<content>
<p>The Pension Schemes Act 1993 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-3" period="#period14">
<num>
<noteRef href="#c24494251" marker="I3" class="commentary I"/>
<noteRef href="#key-f583d61559b54a2ae319b5344d903d23" marker="I193" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-1-paragraph-3-1">
<num>1</num>
<content>
<p>Section 181(1) (general interpretation) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-3-2">
<num>2</num>
<content>
<p>At the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-collective-money-purchase-benefit">collective money purchase benefit</term>
” has the meaning given by section 1 of the Pension Schemes Act 2021;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-3-3">
<num>3</num>
<intro>
<p>In the definition of “money purchase benefits”—</p>
</intro>
<paragraph eId="schedule-1-paragraph-3-3-a">
<num>a</num>
<content>
<p>for “means benefits” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">means— </p>
<paragraph eId="d4e233">
<num>a</num>
<content>
<p>benefits</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-3-3-b">
<num>b</num>
<content>
<p>at the end insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, and </p>
<paragraph eId="d4e250">
<num>b</num>
<content>
<p>collective money purchase benefits;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-4" period="#period14">
<num>
<noteRef href="#c24494261" marker="I4" class="commentary I"/>
<noteRef href="#key-314245c1fa3eb66c5998678faf04acf1" marker="I194" class="commentary I"/>
4
</num>
<content>
<p>
In section 181B(1) (money purchase benefits: supplementary), for “the definition” substitute
<mod>
<quotedText>“ paragraph (a) of the definition ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-1-crossheading-pensions-act-2008-c-30" period="#period14">
<heading>
<em>Pensions Act 2008 (c. 30)</em>
</heading>
<paragraph eId="schedule-1-paragraph-5" period="#period14">
<num>
<noteRef href="#c24494271" marker="I5" class="commentary I"/>
<noteRef href="#key-9f01c57fd78932ba5a9585bc0614a494" marker="I195" class="commentary I"/>
5
</num>
<content>
<p>The Pensions Act 2008 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-6" period="#period14">
<num>
<noteRef href="#c24494281" marker="I6" class="commentary I"/>
<noteRef href="#key-09433708f8cc010ab0a00696bd02dd9c" marker="I196" class="commentary I"/>
6
</num>
<subparagraph eId="schedule-1-paragraph-6-1">
<num>1</num>
<content>
<p>Section 99 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-6-2">
<num>2</num>
<content>
<p>At the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-collective-money-purchase-benefit">collective money purchase benefit</term>
” has the meaning given by section 1 of the Pension Schemes Act 2021;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-6-3">
<num>3</num>
<intro>
<p>In the definition of “money purchase benefits”—</p>
</intro>
<paragraph eId="schedule-1-paragraph-6-3-a">
<num>a</num>
<content>
<p>for “means benefits” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">means— </p>
<paragraph eId="d4e323">
<num>a</num>
<content>
<p>benefits</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-6-3-b">
<num>b</num>
<content>
<p>at the end insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, and </p>
<paragraph eId="d4e340">
<num>b</num>
<content>
<p>collective money purchase benefits;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-7" period="#period14">
<num>
<noteRef href="#c24494291" marker="I7" class="commentary I"/>
<noteRef href="#key-bf205b024c6b959725f5f9f7ba7feb26" marker="I197" class="commentary I"/>
7
</num>
<content>
<p>
In section 99A(1) (money purchase benefits: supplementary), for “the definition” substitute
<mod>
<quotedText>“ paragraph (a) of the definition ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-2" period="#period14">
<num>
SCHEDULE 2
<authorialNote class="referenceNote" placement="right">
<p> Section 44</p>
</authorialNote>
</num>
<heading>Pause orders</heading>
<hcontainer name="crossheading" eId="schedule-2-crossheading-consequences-of-a-pause-order" period="#period14">
<heading>
<em>Consequences of a pause order</em>
</heading>
<paragraph eId="schedule-2-paragraph-1" period="#period14">
<num>
<noteRef href="#c24494301" marker="I8" class="commentary I"/>
<noteRef href="#key-9a13b121557ef810ab98e8b7b11ef3b2" marker="I198" class="commentary I"/>
1
</num>
<subparagraph eId="schedule-2-paragraph-1-1">
<num>1</num>
<content>
<p>If a pause order is made in relation to a collective money purchase scheme, any action taken in contravention of the order is void, except to the extent that the action is validated by an order under paragraph 3.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-2">
<num>2</num>
<intro>
<p>If a pause order contains a direction under section 44(5)(b) that no further payments (or no further payments of a specified description) are to be made towards a scheme during the period for which the order has effect—</p>
</intro>
<paragraph eId="schedule-2-paragraph-1-2-a">
<num>a</num>
<content>
<p>any payments that are the subject of the direction and would otherwise be due to be made towards the scheme during that period are to be treated as if they do not fall due, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-1-2-b">
<num>b</num>
<content>
<p>any obligation to make those payments (including any obligation under section 49(8) of the Pensions Act 1995 to pay amounts deducted corresponding to such payments) is to be treated as if it does not arise.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-3">
<num>3</num>
<intro>
<p>If a pause order contains a direction under section 44(5)(d) (no payment of benefits or benefits of a specified description under the scheme rules) and an amount of benefit under the scheme rules was not paid as a result of the direction—</p>
</intro>
<paragraph eId="schedule-2-paragraph-1-3-a">
<num>a</num>
<content>
<p>the direction does not affect any entitlement to that benefit, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-1-3-b">
<num>b</num>
<content>
<p>any benefit to which a member, or a person in respect of a member, remains entitled at the end of the period for which the pause order had effect is an amount that falls due to the member or (as the case may be) the person at the end of that period.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-4">
<num>4</num>
<intro>
<p>If a pause order contains a direction under section 44(5)(e) (no transfers etc of members' rights) it does not prevent—</p>
</intro>
<paragraph eId="schedule-2-paragraph-1-4-a">
<num>a</num>
<content>
<p>a pension sharing order or provision having effect, or</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-1-4-b">
<num>b</num>
<intro>
<p>a pension earmarking order having effect in a case where—</p>
</intro>
<subparagraph eId="schedule-2-paragraph-1-4-b-i">
<num>i</num>
<content>
<p>the order requires a payment to be made if a payment in respect of any benefits under the scheme becomes due to a person, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-4-b-ii">
<num>ii</num>
<content>
<p>a direction under section 44(5)(d) does not prevent the payment becoming due.</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-5">
<num>5</num>
<content>
<p>In sub-paragraph (4)—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-pension-sharing-order-or-provision">pension sharing order or provision</term>
” means an order or provision falling within section 28(1) of the Welfare Reform and Pensions Act 1999 (activation of pension sharing);
</p>
</item>
<item>
<p>
<term refersTo="#term-pension-earmarking-order">pension earmarking order</term>
” means—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>an order under section 23 of the Matrimonial Causes Act 1973 (financial provision orders in connection with divorce etc) so far as it includes provision made by virtue of section 25B or 25C of that Act (powers to include provision about pensions),</p>
</item>
<item>
<num>b</num>
<p>an order under Part 1 of Schedule 5 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation) so far as it includes provision made by virtue of paragraphs 25 and 26 of Part 6 of that Schedule (powers to include provision about pensions),</p>
</item>
<item>
<num>c</num>
<p>an order under section 12A(2) or (3) of the Family Law (Scotland) Act 1985 (powers in relation to pension lump sums when making a capital sum order),</p>
</item>
<item>
<num>d</num>
<p>an order under Article 25 of the Matrimonial Causes (Northern Ireland) Order 1978 (S.I. 1978/1045 (N.I. 15)) so far as it includes provision made by virtue of Article 27B or 27C of that Order (Northern Ireland powers corresponding to those mentioned in paragraph (a)), or</p>
</item>
<item>
<num>e</num>
<p>an order under Part 1 of Schedule 15 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation: Northern Ireland) so far as it includes provision made by virtue of paragraphs 20 and 21 of Part 5 of that Schedule (powers to include provision about pensions).</p>
</item>
</blockList>
</item>
</blockList>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-6">
<num>6</num>
<intro>
<p>The Secretary of State may make regulations modifying any provision of—</p>
</intro>
<paragraph eId="schedule-2-paragraph-1-6-a">
<num>a</num>
<content>
<p>Chapter 1 of Part 4ZA of the Pension Schemes Act 1993 (transfer rights: general), or</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-1-6-b">
<num>b</num>
<content>
<p>Chapter 2 of that Part (early leavers: cash transfer sums and contribution refunds),</p>
</content>
</paragraph>
<wrapUp>
<p>in their application to a collective money purchase scheme in relation to which a pause order has effect containing a direction under section 44(5)(e) (no transfers etc of members' rights).</p>
</wrapUp>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-7">
<num>7</num>
<content>
<p>Regulations under sub-paragraph (6) override any provision of the collective money purchase scheme, to the extent that there is a conflict.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-8">
<num>8</num>
<content>
<p>Disregarding sub-paragraph (1), if a pause order made in relation to a collective money purchase scheme is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to any trustee of the scheme who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-9">
<num>9</num>
<content>
<p>Sub-paragraph (8) does not apply in the case of non-compliance with a direction under section 44(5)(c) (direction that certain deducted payments are to be repaid by employer).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-10">
<num>10</num>
<content>
<p>In such a case, section 10 of the Pensions Act 1995 (civil penalties) applies to an employer who, without reasonable excuse, fails to repay an amount as required by the direction.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-1-11">
<num>11</num>
<content>
<p>Regulations under sub-paragraph (6) are subject to negative resolution procedure.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-2-crossheading-period-of-effect-etc-of-pause-order" period="#period14">
<heading>
<em>Period of effect etc of pause order</em>
</heading>
<paragraph eId="schedule-2-paragraph-2" period="#period14">
<num>
<noteRef href="#c24494311" marker="I9" class="commentary I"/>
<noteRef href="#key-3a887c278df2361b65f16c81db422cab" marker="I199" class="commentary I"/>
2
</num>
<subparagraph eId="schedule-2-paragraph-2-1">
<num>1</num>
<content>
<p>A pause order must specify the period for which it has effect, which must not exceed three months.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-2-2">
<num>2</num>
<content>
<p>The Pensions Regulator may on one or more occasions by order extend the period for which the pause order has effect for a further three months.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-2-3">
<num>3</num>
<content>
<p>A pause order that is in effect at the end of the triggering event period ceases to have effect at the end of that period.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-2-crossheading-validation-of-action-in-contravention-of-pause-order" period="#period14">
<heading>
<em>Validation of action in contravention of pause order</em>
</heading>
<paragraph eId="schedule-2-paragraph-3" period="#period14">
<num>
<noteRef href="#c24494321" marker="I10" class="commentary I"/>
<noteRef href="#key-2de119fa492568bb1f3b05f484d3ab5c" marker="I200" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-2-paragraph-3-1">
<num>1</num>
<content>
<p>If a pause order is made in relation to a collective money purchase scheme, the Pensions Regulator may by order validate action taken in contravention of the order.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-3-2">
<num>2</num>
<intro>
<p>Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—</p>
</intro>
<paragraph eId="schedule-2-paragraph-3-2-a">
<num>a</num>
<content>
<p>the trustees of the scheme;</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-3-2-b">
<num>b</num>
<content>
<p>any person directly affected by the action.</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-2-crossheading-notification-of-trustees-employers-and-members" period="#period14">
<heading>
<em>Notification of trustees, employers and members</em>
</heading>
<paragraph eId="schedule-2-paragraph-4" period="#period14">
<num>
<noteRef href="#c24494331" marker="I11" class="commentary I"/>
<noteRef href="#key-c26f7e9fa9e738981528005e7a8ff8de" marker="I201" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-2-paragraph-4-1">
<num>1</num>
<intro>
<p>This paragraph applies where—</p>
</intro>
<paragraph eId="schedule-2-paragraph-4-1-a">
<num>a</num>
<content>
<p>a pause order is made in relation to a collective money purchase scheme,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4-1-b">
<num>b</num>
<content>
<p>an order is made under paragraph 2(2) extending the period for which a pause order made in relation to a collective money purchase scheme has effect, or</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4-1-c">
<num>c</num>
<content>
<p>an order is made under paragraph 3 validating action taken in contravention of a pause order made in relation to a collective money purchase scheme.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-4-2">
<num>2</num>
<content>
<p>The Pensions Regulator must, as soon as reasonably practicable after the order has been made, notify the trustees of the scheme of the fact that the order has been made and of its effect.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-4-3">
<num>3</num>
<intro>
<p>The Pensions Regulator may by order direct the trustees of the scheme to notify the following persons of the fact that the order has been made and of its effect—</p>
</intro>
<paragraph eId="schedule-2-paragraph-4-3-a">
<num>a</num>
<content>
<p>all of the members of the scheme or such members as are of a description specified in the order;</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4-3-b">
<num>b</num>
<content>
<p>all employers by which the scheme is used, or such employers as are of a description specified in the order;</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4-3-c">
<num>c</num>
<content>
<p>all relevant former employers who, but for the pause order, would be liable to make payments towards the scheme, or such of them as are of a description specified in the order.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-4-4">
<num>4</num>
<content>
<p>The trustees must give the notification within the period and in the manner specified in the order under sub-paragraph (3).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-4-5">
<num>5</num>
<content>
<p>If the trustees of a scheme fail to comply with a direction to them contained in an order under sub-paragraph (3), section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-2-crossheading-supplementary" period="#period14">
<heading>
<em>Supplementary</em>
</heading>
<paragraph eId="schedule-2-paragraph-5" period="#period14">
<num>
<noteRef href="#c24494341" marker="I12" class="commentary I"/>
<noteRef href="#key-5b2e2d13e6af39d7e521a2f3311f2207" marker="I202" class="commentary I"/>
5
</num>
<subparagraph eId="schedule-2-paragraph-5-1">
<num>1</num>
<intro>
<p>A pause order, or an order made under any of paragraphs 2, 3 and 4, may be made in relation to a collective money purchase scheme—</p>
</intro>
<paragraph eId="schedule-2-paragraph-5-1-a">
<num>a</num>
<content>
<p>in spite of any enactment or rule of law, or any rule of the scheme, that would otherwise operate to prevent the order being made, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-5-1-b">
<num>b</num>
<content>
<p>without regard to any enactment, rule of law or rule of the scheme that would otherwise require, or might otherwise be taken to require, the implementation of any procedure or the obtaining of any consent, with a view to making the order.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-5-2">
<num>2</num>
<content>
<p>Sub-paragraph (1) does not have effect to authorise the Pensions Regulator to make an order as mentioned in that sub-paragraph if its doing so would be unlawful as a result of section 6(1) of the Human Rights Act 1998 (unlawful for public authority to act in contravention of a Convention right).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-3" period="#period14">
<num>
SCHEDULE 3
<authorialNote class="referenceNote" placement="right">
<p> Section 48</p>
</authorialNote>
</num>
<heading>Collective money purchase benefits: minor and consequential amendments</heading>
<hcontainer name="crossheading" eId="schedule-3-crossheading-pension-schemes-act-1993-c-48" period="#period14">
<heading>
<em>Pension Schemes Act 1993 (c. 48)</em>
</heading>
<paragraph eId="schedule-3-paragraph-1" period="#period14">
<num>
<noteRef href="#c24494351" marker="I13" class="commentary I"/>
<noteRef href="#key-fb94a2538641aca6302f55f8bd6481bf" marker="I203" class="commentary I"/>
1
</num>
<content>
<p>The Pension Schemes Act 1993 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-2" period="#period14">
<num>
<noteRef href="#c24494381" marker="I14" class="commentary I"/>
<noteRef href="#key-d969dea9c7b8d69bb37d0ef9edcba0ac" marker="I204" class="commentary I"/>
2
</num>
<subparagraph eId="schedule-3-paragraph-2-1">
<num>1</num>
<content>
<p>Section 84 (basis of revaluation of accrued benefits) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-2-2">
<num>2</num>
<content>
<p>
In subsection (3), after “money purchase benefit” insert
<mod>
<quotedText>“ other than a collective money purchase benefit ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-2-3">
<num>3</num>
<content>
<p>After subsection (3A) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e763">
<num>3AA</num>
<content>
<p>If any such benefit as is mentioned in section 83(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-3" period="#period14">
<num>
<noteRef href="#c24496941" marker="I15" class="commentary I"/>
<noteRef href="#key-dc4b34f2807d3ec86852efa5e0f15737" marker="I205" class="commentary I"/>
3
</num>
<intro>
<p>In section 101AI (right to cash transfer sum and contribution refund: further provisions), in subsection (8)—</p>
</intro>
<paragraph eId="schedule-3-paragraph-3-a">
<num>a</num>
<content>
<p>in paragraph (a), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e784">
<num>xiii</num>
<content>
<p>regulations made under section 18(4) of or paragraph 1(6) of Schedule 2 to the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
<subparagraph eId="d4e790">
<num>xiv</num>
<content>
<p>sections 34, 39, 41, 42 and 45 of the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-3-b">
<num>b</num>
<content>
<p>in paragraph (b), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e805">
<num>xi</num>
<content>
<p>sections 18(7)(b), 34(5), 39(6), 41(6), 42(2) and 45(5) of and paragraph 1(7) of Schedule 2 to the Pension Schemes Act 2021.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-4" period="#period14">
<num>
<noteRef href="#c24496951" marker="I16" class="commentary I"/>
<noteRef href="#key-3f13d0ed7d5fbeb2e4395f8a3b850bd8" marker="I206" class="commentary I"/>
4
</num>
<content>
<p>In section 186 (Parliamentary control of orders and regulations), in subsection (3) (statutory instruments subject to affirmative resolution procedure), after paragraph (f) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e822">
<num>g</num>
<content>
<p>regulations under section 99(2)(c), or</p>
</content>
</paragraph>
<paragraph eId="d4e828">
<num>h</num>
<content>
<p>regulations under section 99A(2)(b),</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-5" period="#period14">
<num>
<noteRef href="#c24496961" marker="I17" class="commentary I"/>
<noteRef href="#key-eed3fedba10d0b9bee4416a396bbb0c9" marker="I207" class="commentary I"/>
5
</num>
<content>
<p>
In Schedule 3 (methods of revaluing accrued pension benefits), in paragraph 3A (the cash balance method), for “cash balance benefit” substitute
<mod>
<quotedText>“ benefit ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-3-crossheading-pensions-act-1995-c-26" period="#period14">
<heading>
<em>Pensions Act 1995 (c. 26)</em>
</heading>
<paragraph eId="schedule-3-paragraph-6" period="#period14">
<num>
<noteRef href="#c24497061" marker="I18" class="commentary I"/>
<noteRef href="#key-1bf6923fb7edd4b2d342596650adc702" marker="I208" class="commentary I"/>
6
</num>
<content>
<p>The Pensions Act 1995 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-7" period="#period14">
<num>
<noteRef href="#c24497101" marker="I19" class="commentary I"/>
<noteRef href="#key-245e7f16ffbf829d13e8ee89408e003f" marker="I209" class="commentary I"/>
7
</num>
<content>
<p>In section 51 (annual increase in rate of pension), after subsection (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e868">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate occupational pension scheme which is a money purchase scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-8" period="#period14">
<num>
<noteRef href="#c24497111" marker="I20" class="commentary I"/>
<noteRef href="#key-90d3a5f2e21594b505b480c565e4704b" marker="I210" class="commentary I"/>
8
</num>
<content>
<p>In section 75 (deficiencies in the assets of certain occupational pension schemes), after subsection (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e883">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate occupational pension scheme which is a money purchase scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-9" period="#period14">
<num>
<noteRef href="#c24497161" marker="I21" class="commentary I"/>
<noteRef href="#key-6d68faa0a7306d4f66d4a66c68ad8715" marker="I211" class="commentary I"/>
9
</num>
<content>
<p>In section 87 (schedules of payments to money purchase schemes), after subsection (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e898">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section and section 88 as an occupational pension scheme which is a money purchase scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-10" period="#period14">
<num>
<noteRef href="#c24497171" marker="I22" class="commentary I"/>
<noteRef href="#key-ecc489afe373295b299be468a4ebfa16" marker="I212" class="commentary I"/>
10
</num>
<content>
<p>In section 89 (application of further provisions to money purchase schemes), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e913">
<num>3</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate money purchase scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-3-crossheading-pensions-act-2004-c-35" period="#period14">
<heading>
<em>Pensions Act 2004 (c. 35)</em>
</heading>
<paragraph eId="schedule-3-paragraph-11" period="#period14">
<num>
<noteRef href="#c24497181" marker="I23" class="commentary I"/>
<noteRef href="#key-c032cd867ff161b9b1ba0061125c1c09" marker="I170" class="commentary I"/>
<noteRef href="#key-97cf2504c58ea2bccf0515b9e400ced0" marker="I213" class="commentary I"/>
11
</num>
<content>
<p>The Pensions Act 2004 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-12" period="#period14">
<num>
<noteRef href="#c24507251" marker="I24" class="commentary I"/>
<noteRef href="#key-ea3ac4e040c1b97ddd0835bf7b26cc7a" marker="I214" class="commentary I"/>
12
</num>
<content>
<p>In section 13 (improvement notices), in subsection (7), after paragraph (h) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e941">
<num>i</num>
<content>
<p>Part 1 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-13" period="#period10">
<num>
<noteRef href="#c24497151" marker="I25" class="commentary I"/>
<noteRef href="#key-8eadde890954415e25b31ca34e837f2a" marker="I166" class="commentary I"/>
13
</num>
<subparagraph eId="schedule-3-paragraph-13-1">
<num>1</num>
<content>
<p>Section 90 (codes of practice) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-13-2">
<num>2</num>
<content>
<p>In subsection (2) (matters on which the Pensions Regulator must issue codes of practice), after paragraph (jb) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e966">
<num>jc</num>
<content>
<p>the process for making an application under Part 1 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;</p>
</content>
</paragraph>
<paragraph eId="d4e972">
<num>jd</num>
<content>
<p>the matters that the Pensions Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 9 of the Pension Schemes Act 2021);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-13-3">
<num>3</num>
<intro>
<p>In subsection (6), in the definition of “the pensions legislation”—</p>
</intro>
<paragraph eId="schedule-3-paragraph-13-3-a">
<num>a</num>
<content>
<p>omit the “or” at the end of paragraph (f);</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-13-3-b">
<num>b</num>
<content>
<p>after paragraph (g) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e1001">
<num>h</num>
<content>
<p>Part 1 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-14" period="#period14">
<num>
<noteRef href="#c24497141" marker="I26" class="commentary I"/>
<noteRef href="#key-1aaef5c1ac1a1ebe25de05282be1ed62" marker="I215" class="commentary I"/>
14
</num>
<subparagraph eId="schedule-3-paragraph-14-1">
<num>1</num>
<content>
<p>Section 93(2) (regulatory functions of the Pensions Regulator) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-14-2">
<num>2</num>
<intro>
<p>In paragraph (pa)—</p>
</intro>
<paragraph eId="schedule-3-paragraph-14-2-a">
<num>a</num>
<content>
<p>
after “strategy” insert
<mod>
<quotedText>“ for Master Trust scheme ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-14-2-b">
<num>b</num>
<content>
<p>omit the “and” at the end.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-14-3">
<num>3</num>
<content>
<p>After paragraph (pa) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e1047">
<num>pb</num>
<content>
<p>the power to give a direction under section 23(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),</p>
</content>
</paragraph>
<paragraph eId="d4e1053">
<num>pc</num>
<content>
<p>the power to give a notice under section 29(1) or (4) of that Act (risk notices),</p>
</content>
</paragraph>
<paragraph eId="d4e1059">
<num>pd</num>
<content>
<p>the power to give a direction under section 29(6) of that Act (direction to implement proposals in a resolution plan),</p>
</content>
</paragraph>
<paragraph eId="d4e1065">
<num>pe</num>
<content>
<p>the power to give a direction under section 39(4) of that Act (direction to submit implementation strategy), and</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-15" period="#period14">
<num>
<noteRef href="#c24497131" marker="I27" class="commentary I"/>
<noteRef href="#key-80a33c1170946be8f4dce71e88cff753" marker="I216" class="commentary I"/>
15
</num>
<content>
<p>In section 97(5) (special procedure: applicable cases), after paragraph (tf) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e1082">
<num>tg</num>
<content>
<p>the power under section 30 of the Pension Schemes Act 2021 to withdraw authorisation of a collective money purchase scheme;</p>
</content>
</paragraph>
<paragraph eId="d4e1088">
<num>th</num>
<content>
<p>the power to make a pause order under section 44 of that Act;</p>
</content>
</paragraph>
<paragraph eId="d4e1094">
<num>ti</num>
<content>
<p>the power to make an order under paragraph 2(2) of Schedule 2 to that Act extending the period for which a pause order has effect;</p>
</content>
</paragraph>
<paragraph eId="d4e1100">
<num>tj</num>
<content>
<p>the power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order;</p>
</content>
</paragraph>
<paragraph eId="d4e1106">
<num>tk</num>
<content>
<p>the power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-16" period="#period14">
<num>
<noteRef href="#c24497121" marker="I28" class="commentary I"/>
<noteRef href="#key-f68880a54753b4c8cb7f62d9d0e9aaf8" marker="I217" class="commentary I"/>
16
</num>
<content>
<p>In section 126 (schemes eligible for pension protection), after subsection (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e1123">
<num>1A</num>
<content>
<p>Where a scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Part as a separate money purchase scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-17" period="#period14">
<num>
<noteRef href="#c24497051" marker="I29" class="commentary I"/>
<noteRef href="#key-02dda0aa250386491e9932974246c9c6" marker="I218" class="commentary I"/>
17
</num>
<content>
<p>In section 249A (requirement for an effective system of governance), in subsection (3) (exceptions), after paragraph (e) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e1138">
<num>f</num>
<content>
<p>an authorised collective money purchase scheme within the meaning of Part 1 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-18" period="#period14">
<num>
<noteRef href="#c24497041" marker="I30" class="commentary I"/>
<noteRef href="#key-e2864700389b615a5761b85c86d6009c" marker="I219" class="commentary I"/>
18
</num>
<intro>
<p>In section 254 (representative of non-European scheme to be treated as trustee), in subsection (3)—</p>
</intro>
<paragraph eId="schedule-3-paragraph-18-a">
<num>a</num>
<content>
<p>omit the “or” at the end of paragraph (d);</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-18-b">
<num>b</num>
<content>
<p>after paragraph (e) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e1167">
<num>f</num>
<content>
<p>Part 1 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-19" period="#period1">
<num>
<noteRef href="#c24497031" marker="I31" class="commentary I"/>
19
</num>
<intro>
<p>In section 291 (duty of trustees or managers to act consistently with law of host member State), in subsection (4)—</p>
</intro>
<paragraph eId="schedule-3-paragraph-19-a">
<num>a</num>
<content>
<p>omit the “or” at the end of paragraph (d);</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-19-b">
<num>b</num>
<content>
<p>after paragraph (e) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e1195">
<num>f</num>
<content>
<p>Part 1 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-20" period="#period14">
<num>
<noteRef href="#c24497021" marker="I32" class="commentary I"/>
<noteRef href="#key-7771f9d6738de377e84e7dd26ad24a8e" marker="I220" class="commentary I"/>
20
</num>
<intro>
<p>In section 318 (general interpretation), in subsection (3)—</p>
</intro>
<paragraph eId="schedule-3-paragraph-20-a">
<num>a</num>
<content>
<p>in paragraph (a), after sub-paragraph (xiii) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e1216">
<num>xiv</num>
<content>
<p>regulations under section 18(4) of or paragraph 1(6) of Schedule 2 to the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
<subparagraph eId="d4e1222">
<num>xv</num>
<content>
<p>sections 34, 39, 41, 42 and 45 of the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-20-b">
<num>b</num>
<content>
<p>in paragraph (b), after sub-paragraph (xi) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e1237">
<num>xii</num>
<content>
<p>sections 18(7)(b), 34(5), 39(6), 41(6), 42(2) and 45(5) of and paragraph 1(7) of Schedule 2 to the Pension Schemes Act 2021.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-21" period="#period14">
<num>
<noteRef href="#c24497011" marker="I33" class="commentary I"/>
<noteRef href="#key-cc478f23eae1bc404232d2c7939ee7b7" marker="I221" class="commentary I"/>
21
</num>
<content>
<p>In Schedule 2 (the reserved regulatory functions), after Part 4A insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<part eId="d4e1253">
<num>
<strong>PART 4B</strong>
</num>
<heading>Functions under Part 1 of the Pension Schemes Act 2021</heading>
<paragraph eId="d4e1259">
<num>44H</num>
<content>
<p>The power to give a direction under section 23(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).</p>
</content>
</paragraph>
<paragraph eId="d4e1265">
<num>44I</num>
<content>
<p>The power to give a direction under section 29(6) (direction to implement proposals in a resolution plan).</p>
</content>
</paragraph>
<paragraph eId="d4e1271">
<num>44J</num>
<content>
<p>The power under section 30 to withdraw authorisation of a collective money purchase scheme.</p>
</content>
</paragraph>
<paragraph eId="d4e1277">
<num>44K</num>
<content>
<p>The power to give a direction under section 41(4) (direction to pursue a continuity option).</p>
</content>
</paragraph>
<paragraph eId="d4e1283">
<num>44L</num>
<content>
<p>The power to make a pause order under section 44.</p>
</content>
</paragraph>
<paragraph eId="d4e1289">
<num>44M</num>
<content>
<p>The power to make an order under paragraph 2(2) of Schedule 2 extending the period for which a pause order has effect.</p>
</content>
</paragraph>
<paragraph eId="d4e1295">
<num>44N</num>
<content>
<p>The power to make an order under paragraph 3 of Schedule 2 validating action taken in contravention of a pause order.</p>
</content>
</paragraph>
<paragraph eId="d4e1301">
<num>44O</num>
<content>
<p>The power to make an order under paragraph 4(3) of Schedule 2 directing the notification of members or employers.</p>
</content>
</paragraph>
</part>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-3-crossheading-pensions-act-2008-c-30" period="#period14">
<heading>
<em>Pensions Act 2008 (c. 30)</em>
</heading>
<paragraph eId="schedule-3-paragraph-22" period="#period14">
<num>
<noteRef href="#c24497001" marker="I34" class="commentary I"/>
<noteRef href="#key-48c16270fff9a36ab61361e2d1533fe6" marker="I222" class="commentary I"/>
22
</num>
<intro>
<p>
In section 31 of the Pensions Act 2008 (effect of freezing order, assessment period or pause order: qualifying schemes), in subsection (3) (meaning of “
<term refersTo="#term-freezing-event">freezing event</term>
” and “
<term refersTo="#term-relevant-provision">relevant provision</term>
”)—
</p>
</intro>
<paragraph eId="schedule-3-paragraph-22-a">
<num>a</num>
<intro>
<p>in the definition of “freezing event”—</p>
</intro>
<subparagraph eId="schedule-3-paragraph-22-a-i">
<num>i</num>
<content>
<p>omit the “or” at the end of each of paragraphs (a) and (b);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-22-a-ii">
<num>ii</num>
<content>
<p>at the end of paragraph (c) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e1346">
<num>d</num>
<content>
<p>the making of a pause order under section 44 of the Pension Schemes Act 2021;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-22-b">
<num>b</num>
<content>
<p>
in the definition of “relevant provision”, in paragraph (c), after “2017” insert
<mod>
<quotedText>“ or (as the case may be) section 44 of the Pension Schemes Act 2021 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-3-crossheading-pensions-act-2014-c-19" period="#period10">
<heading>
<em>Pensions Act 2014 (c. 19)</em>
</heading>
<paragraph eId="schedule-3-paragraph-23" period="#period10">
<num>
<noteRef href="#c24496991" marker="I35" class="commentary I"/>
<noteRef href="#key-c1b0ac5a61c7122aae53937f38f28b0e" marker="I167" class="commentary I"/>
23
</num>
<content>
<p>The Pensions Act 2014 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-24" period="#period10">
<num>
<noteRef href="#c24496981" marker="I36" class="commentary I"/>
<noteRef href="#key-832b7266163fff115a356a7ced0db6cb" marker="I168" class="commentary I"/>
24
</num>
<content>
<p>In section 54(2) (regulations subject to affirmative procedure), omit the “or” after paragraph (e) and at the end of paragraph (f) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e1386">
<num>g</num>
<content>
<p>the first regulations under paragraph 1 or 3 of that Schedule that make provision in relation to collective money purchase schemes within the meaning of Part 1 of the Pension Schemes Act 2021 (see section 1 of that Act).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-25" period="#period10">
<num>
<noteRef href="#c24496971" marker="I37" class="commentary I"/>
<noteRef href="#key-2e7ca024580043c7d594cb764fc192b5" marker="I169" class="commentary I"/>
25
</num>
<subparagraph eId="schedule-3-paragraph-25-1">
<num>1</num>
<content>
<p>Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-25-2">
<num>2</num>
<content>
<p>
In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute
<mod>
<quotedText>“ members ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-25-3">
<num>3</num>
<content>
<p>In paragraph 4 (interpretation), after sub-paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e1420">
<num>3</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-4" period="#period14">
<num>
SCHEDULE 4
<authorialNote class="referenceNote" placement="right">
<p> Section 57</p>
</authorialNote>
</num>
<heading>Money purchase benefits: Northern Ireland</heading>
<hcontainer name="crossheading" eId="schedule-4-crossheading-building-societies-act-1986-c-53" period="#period14">
<heading>
<em>Building Societies Act 1986 (c. 53)</em>
</heading>
<paragraph eId="schedule-4-paragraph-1" period="#period14">
<num>
<noteRef href="#c24497201" marker="I38" class="commentary I"/>
<noteRef href="#key-e326c7b556046f28cee010df284dc64f" marker="I225" class="commentary I"/>
1
</num>
<content>
<p>
In Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts), in paragraph 1(2), in the definition of “collective money purchase benefit” (inserted by Schedule 1 to this Act), after “section 1” insert
<mod>
<quotedText>“ or 52 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-4-crossheading-pension-schemes-northern-ireland-act-1993-c-49" period="#period14">
<heading>
<em>Pension Schemes (Northern Ireland) Act 1993 (c. 49)</em>
</heading>
<paragraph eId="schedule-4-paragraph-2" period="#period14">
<num>
<noteRef href="#c24497211" marker="I39" class="commentary I"/>
<noteRef href="#key-a7faff65de8e375814b66284288d381b" marker="I226" class="commentary I"/>
2
</num>
<content>
<p>The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-3" period="#period14">
<num>
<noteRef href="#c24497261" marker="I40" class="commentary I"/>
<noteRef href="#key-1567f60e022c66896b5f15134f0fab6d" marker="I227" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-4-paragraph-3-1">
<num>1</num>
<content>
<p>Section 176(1) (general interpretation) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-3-2">
<num>2</num>
<content>
<p>At the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-collective-money-purchase-benefit">collective money purchase benefit</term>
” has the meaning given by section 52 of the Pension Schemes Act 2021;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-3-3">
<num>3</num>
<intro>
<p>In the definition of “money purchase benefits”—</p>
</intro>
<paragraph eId="schedule-4-paragraph-3-3-a">
<num>a</num>
<content>
<p>for “means benefits” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">means— </p>
<subsection eId="d4e1504">
<num>a</num>
<content>
<p>benefits</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-3-3-b">
<num>b</num>
<content>
<p>at the end insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, and </p>
<subsection eId="d4e1521">
<num>b</num>
<content>
<p>collective money purchase benefits;</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-4" period="#period14">
<num>
<noteRef href="#c24497251" marker="I41" class="commentary I"/>
<noteRef href="#key-7b837568cad45ad3e5d8cbef61e3bb18" marker="I228" class="commentary I"/>
4
</num>
<content>
<p>
In section 176B(1) (money purchase benefits: supplementary), for “the definition” substitute
<mod>
<quotedText>“ paragraph (a) of the definition ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-4-crossheading-pensions-no-2-act-northern-ireland-2008-c-13-ni" period="#period14">
<heading>
<em>Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))</em>
</heading>
<paragraph eId="schedule-4-paragraph-5" period="#period14">
<num>
<noteRef href="#c24497241" marker="I42" class="commentary I"/>
<noteRef href="#key-d4fa641a366a5616b0152ba223b03d04" marker="I229" class="commentary I"/>
5
</num>
<content>
<p>The Pensions (No. 2) Act (Northern Ireland) 2008 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6" period="#period14">
<num>
<noteRef href="#c24497231" marker="I43" class="commentary I"/>
<noteRef href="#key-688241149ba235fae1335dd82c9a404d" marker="I230" class="commentary I"/>
6
</num>
<subparagraph eId="schedule-4-paragraph-6-1">
<num>1</num>
<content>
<p>Section 78 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-6-2">
<num>2</num>
<content>
<p>At the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-collective-money-purchase-benefit">collective money purchase benefit</term>
” has the meaning given by section 52 of the Pension Schemes Act 2021;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-6-3">
<num>3</num>
<intro>
<p>In the definition of “money purchase benefits”—</p>
</intro>
<paragraph eId="schedule-4-paragraph-6-3-a">
<num>a</num>
<content>
<p>for “means benefits” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">means— </p>
<subsection eId="d4e1594">
<num>a</num>
<content>
<p>benefits</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6-3-b">
<num>b</num>
<content>
<p>at the end insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, and </p>
<subsection eId="d4e1611">
<num>b</num>
<content>
<p>collective money purchase benefits;</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-7" period="#period14">
<num>
<noteRef href="#c24497221" marker="I44" class="commentary I"/>
<noteRef href="#key-257aeba7bd7c0c7511e5ca370b8509f0" marker="I231" class="commentary I"/>
7
</num>
<content>
<p>
In section 78A(1) (money purchase benefits: supplementary), for “the definition” substitute
<mod>
<quotedText>“ paragraph (a) of the definition ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-5" period="#period14">
<num>
SCHEDULE 5
<authorialNote class="referenceNote" placement="right">
<p> Section 95</p>
</authorialNote>
</num>
<heading>Pause orders: Northern Ireland</heading>
<hcontainer name="crossheading" eId="schedule-5-crossheading-consequences-of-a-pause-order" period="#period14">
<heading>
<em>Consequences of a pause order</em>
</heading>
<paragraph eId="schedule-5-paragraph-1" period="#period14">
<num>
<noteRef href="#c24497271" marker="I45" class="commentary I"/>
<noteRef href="#key-a1557684a4c443577bef95679ecc2fc5" marker="I232" class="commentary I"/>
1
</num>
<subparagraph eId="schedule-5-paragraph-1-1">
<num>1</num>
<content>
<p>If a pause order is made in relation to a collective money purchase scheme, any action taken in contravention of the order is void, except to the extent that the action is validated by an order under paragraph 3.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-2">
<num>2</num>
<intro>
<p>If a pause order contains a direction under section 95(5)(b) that no further payments (or no further payments of a specified description) are to be made towards a scheme during the period for which the order has effect—</p>
</intro>
<paragraph eId="schedule-5-paragraph-1-2-a">
<num>a</num>
<content>
<p>any payments that are the subject of the direction and would otherwise be due to be made towards the scheme during that period are to be treated as if they do not fall due, and</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-2-b">
<num>b</num>
<content>
<p>any obligation to make those payments (including any obligation under Article 49(8) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) to pay amounts deducted corresponding to such payments) is to be treated as if it does not arise.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-3">
<num>3</num>
<intro>
<p>If a pause order contains a direction under section 95(5)(d) (no payment of benefits or benefits of a specified description under the scheme rules) and an amount of benefit under the scheme rules was not paid as a result of the direction—</p>
</intro>
<paragraph eId="schedule-5-paragraph-1-3-a">
<num>a</num>
<content>
<p>the direction does not affect any entitlement to that benefit, and</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-3-b">
<num>b</num>
<content>
<p>any benefit to which a member, or a person in respect of a member, remains entitled at the end of the period for which the pause order had effect is an amount that falls due to the member or (as the case may be) the person at the end of that period.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-4">
<num>4</num>
<intro>
<p>If a pause order contains a direction under section 95(5)(e) (no transfers etc of members' rights) it does not prevent—</p>
</intro>
<paragraph eId="schedule-5-paragraph-1-4-a">
<num>a</num>
<content>
<p>a pension sharing order or provision having effect, or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-4-b">
<num>b</num>
<intro>
<p>a pension earmarking order having effect in a case where—</p>
</intro>
<subparagraph eId="schedule-5-paragraph-1-4-b-i">
<num>i</num>
<content>
<p>the order requires a payment to be made if a payment in respect of any benefits under the scheme becomes due to a person, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-4-b-ii">
<num>ii</num>
<content>
<p>a direction under section 95(5)(d) does not prevent the payment becoming due.</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-5">
<num>5</num>
<content>
<p>In sub-paragraph (4)—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-pension-sharing-order-or-provision">pension sharing order or provision</term>
” means an order or provision falling within Article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (activation of pension sharing);
</p>
</item>
<item>
<p>
<term refersTo="#term-pension-earmarking-order">pension earmarking order</term>
” means—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>an order under Article 25 of the Matrimonial Causes (Northern Ireland) Order 1978 (S.I. 1978/1045 (N.I. 15)) so far as it includes provision made by virtue of Article 27B or 27C of that Order (powers to include provision about pensions),</p>
</item>
<item>
<num>b</num>
<p>an order under Part 1 of Schedule 15 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation: Northern Ireland) so far as it includes provision made by virtue of paragraphs 20 and 21 of Part 5 of that Schedule (powers to include provision about pensions),</p>
</item>
<item>
<num>c</num>
<p>an order under section 23 of the Matrimonial Causes Act 1973 (financial provision orders in connection with divorce etc) so far as it includes provision made by virtue of section 25B or 25C of that Act (powers to include provision about pensions),</p>
</item>
<item>
<num>d</num>
<p>an order under Part 1 of Schedule 5 to the Civil Partnership Act 2004 (financial provision in connection with dissolution, nullity or separation) so far as it includes provision made by virtue of paragraphs 25 and 26 of Part 6 of that Schedule (powers to include provision about pensions), or</p>
</item>
<item>
<num>e</num>
<p>an order under section 12A(2) or (3) of the Family Law (Scotland) Act 1985 (powers in relation to pension lump sums when making a capital sum order).</p>
</item>
</blockList>
</item>
</blockList>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-6">
<num>6</num>
<intro>
<p>The Department may make regulations modifying any provision of—</p>
</intro>
<paragraph eId="schedule-5-paragraph-1-6-a">
<num>a</num>
<content>
<p>Chapter 1 of Part 4ZA of the Pension Schemes (Northern Ireland) Act 1993 (transfer rights: general), or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-6-b">
<num>b</num>
<content>
<p>Chapter 2 of that Part (early leavers: cash transfer sums and contribution refunds),</p>
</content>
</paragraph>
<wrapUp>
<p>in their application to a collective money purchase scheme in relation to which a pause order has effect containing a direction under section 95(5)(e) (no transfers etc of members' rights).</p>
</wrapUp>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-7">
<num>7</num>
<content>
<p>Regulations under sub-paragraph (6) override any provision of the collective money purchase scheme, to the extent that there is a conflict.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-8">
<num>8</num>
<content>
<p>Disregarding sub-paragraph (1), if a pause order made in relation to a collective money purchase scheme is not complied with, Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to any trustee of the scheme who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-9">
<num>9</num>
<content>
<p>Sub-paragraph (8) does not apply in the case of non-compliance with a direction under section 95(5)(c) (direction that certain deducted payments are to be repaid by employer).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-10">
<num>10</num>
<content>
<p>In such a case, Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) applies to an employer who, without reasonable excuse, fails to repay an amount as required by the direction.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-1-11">
<num>11</num>
<content>
<p>Regulations under sub-paragraph (6) are subject to negative resolution.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-5-crossheading-period-of-effect-etc-of-pause-order" period="#period14">
<heading>
<em>Period of effect etc of pause order</em>
</heading>
<paragraph eId="schedule-5-paragraph-2" period="#period14">
<num>
<noteRef href="#c24497281" marker="I46" class="commentary I"/>
<noteRef href="#key-abadb1a15f9a2c9e47fef72f722c80ea" marker="I233" class="commentary I"/>
2
</num>
<subparagraph eId="schedule-5-paragraph-2-1">
<num>1</num>
<content>
<p>A pause order must specify the period for which it has effect, which must not exceed three months.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-2-2">
<num>2</num>
<content>
<p>The Pensions Regulator may on one or more occasions by order extend the period for which the pause order has effect for a further three months.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-2-3">
<num>3</num>
<content>
<p>A pause order that is in effect at the end of the triggering event period ceases to have effect at the end of that period.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-5-crossheading-validation-of-action-in-contravention-of-pause-order" period="#period14">
<heading>
<em>Validation of action in contravention of pause order</em>
</heading>
<paragraph eId="schedule-5-paragraph-3" period="#period14">
<num>
<noteRef href="#c24497291" marker="I47" class="commentary I"/>
<noteRef href="#key-393eab57a1e52a795af405215a9b1ef4" marker="I234" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-5-paragraph-3-1">
<num>1</num>
<content>
<p>If a pause order is made in relation to a collective money purchase scheme, the Pensions Regulator may by order validate action taken in contravention of the order.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-3-2">
<num>2</num>
<intro>
<p>Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—</p>
</intro>
<paragraph eId="schedule-5-paragraph-3-2-a">
<num>a</num>
<content>
<p>the trustees of the scheme;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-3-2-b">
<num>b</num>
<content>
<p>any person directly affected by the action.</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-5-crossheading-notification-of-trustees-employers-and-members" period="#period14">
<heading>
<em>Notification of trustees, employers and members</em>
</heading>
<paragraph eId="schedule-5-paragraph-4" period="#period14">
<num>
<noteRef href="#c24497301" marker="I48" class="commentary I"/>
<noteRef href="#key-7a3995d6d198a3c0bdf3ac1b2d7d35aa" marker="I235" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-5-paragraph-4-1">
<num>1</num>
<intro>
<p>This paragraph applies where—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-1-a">
<num>a</num>
<content>
<p>a pause order is made in relation to a collective money purchase scheme,</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-1-b">
<num>b</num>
<content>
<p>an order is made under paragraph 2(2) extending the period for which a pause order made in relation to a collective money purchase scheme has effect, or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-1-c">
<num>c</num>
<content>
<p>an order is made under paragraph 3 validating action taken in contravention of a pause order made in relation to a collective money purchase scheme.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-2">
<num>2</num>
<content>
<p>The Pensions Regulator must, as soon as reasonably practicable after the order has been made, notify the trustees of the scheme of the fact that the order has been made and of its effect.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-3">
<num>3</num>
<intro>
<p>The Pensions Regulator may by order direct the trustees of the scheme to notify the following persons of the fact that the order has been made and of its effect—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-3-a">
<num>a</num>
<content>
<p>all of the members of the scheme or such members as are of a description specified in the order;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-3-b">
<num>b</num>
<content>
<p>all employers by which the scheme is used, or such employers as are of a description specified in the order;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-3-c">
<num>c</num>
<content>
<p>all relevant former employers who, but for the pause order, would be liable to make payments towards the scheme, or such of them as are of a description specified in the order.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-4">
<num>4</num>
<content>
<p>The trustees must give the notification within the period and in the manner specified in the order under sub-paragraph (3).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-5">
<num>5</num>
<content>
<p>If the trustees of a scheme fail to comply with a direction to them contained in an order under sub-paragraph (3), Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to a trustee who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-5-crossheading-supplementary" period="#period14">
<heading>
<em>Supplementary</em>
</heading>
<paragraph eId="schedule-5-paragraph-5" period="#period14">
<num>
<noteRef href="#c24497311" marker="I49" class="commentary I"/>
<noteRef href="#key-1c80d85d69655e09b477fa9289c2bc6d" marker="I236" class="commentary I"/>
5
</num>
<subparagraph eId="schedule-5-paragraph-5-1">
<num>1</num>
<intro>
<p>A pause order, or an order made under any of paragraphs 2, 3 and 4, may be made in relation to a collective money purchase scheme—</p>
</intro>
<paragraph eId="schedule-5-paragraph-5-1-a">
<num>a</num>
<content>
<p>in spite of any statutory provision or rule of law, or any rule of the scheme, that would otherwise operate to prevent the order being made, and</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-5-1-b">
<num>b</num>
<content>
<p>without regard to any statutory provision, rule of law or rule of the scheme that would otherwise require, or might otherwise be taken to require, the implementation of any procedure or the obtaining of any consent, with a view to making the order.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-5-2">
<num>2</num>
<content>
<p>Sub-paragraph (1) does not have effect to authorise the Pensions Regulator to make an order as mentioned in that sub-paragraph if its doing so would be unlawful as a result of section 6(1) of the Human Rights Act 1998 (unlawful for public authority to act in contravention of a Convention right).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-6" period="#period14">
<num>
SCHEDULE 6
<authorialNote class="referenceNote" placement="right">
<p> Section 99</p>
</authorialNote>
</num>
<heading>Collective money purchase benefits: minor and consequential amendments for Northern Ireland</heading>
<hcontainer name="crossheading" eId="schedule-6-crossheading-pension-schemes-northern-ireland-act-1993-c-49" period="#period14">
<heading>
<em>Pension Schemes (Northern Ireland) Act 1993 (c. 49)</em>
</heading>
<paragraph eId="schedule-6-paragraph-1" period="#period14">
<num>
<noteRef href="#c24497331" marker="I50" class="commentary I"/>
<noteRef href="#key-c92f239cf3d2f458b2c6fb3702486ace" marker="I237" class="commentary I"/>
1
</num>
<content>
<p>The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2" period="#period14">
<num>
<noteRef href="#c24497341" marker="I51" class="commentary I"/>
<noteRef href="#key-985f1ae9184326a392cb79bbae66dfce" marker="I238" class="commentary I"/>
2
</num>
<subparagraph eId="schedule-6-paragraph-2-1">
<num>1</num>
<content>
<p>Section 80 (basis of revaluation of accrued benefits) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-2-2">
<num>2</num>
<content>
<p>
In subsection (3), after “money purchase benefit” insert
<mod>
<quotedText>“ other than a collective money purchase benefit ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-2-3">
<num>3</num>
<content>
<p>After subsection (3A) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e2034">
<num>3AA</num>
<content>
<p>If any such benefit as is mentioned in section 79(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-3" period="#period14">
<num>
<noteRef href="#c24497351" marker="I52" class="commentary I"/>
<noteRef href="#key-0bd8d5ac949ce8fa22b05f35baa00cf4" marker="I239" class="commentary I"/>
3
</num>
<intro>
<p>In section 97AI (right to cash transfer sum and contribution refund: further provisions), in subsection (7)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-3-a">
<num>a</num>
<content>
<p>in paragraph (a), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e2055">
<num>xii</num>
<content>
<p>regulations made under section 69(4) of or paragraph 1(6) of Schedule 5 to the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2061">
<num>xiii</num>
<content>
<p>sections 85, 90, 92, 93 and 96 of the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-b">
<num>b</num>
<content>
<p>in paragraph (b), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e2076">
<num>x</num>
<content>
<p>sections 69(7)(b), 85(5), 90(6), 92(6), 93(2) and 96(5) of and paragraph 1(7) of Schedule 5 to the Pension Schemes Act 2021.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-4" period="#period14">
<num>
<noteRef href="#c24497361" marker="I53" class="commentary I"/>
<noteRef href="#key-ee99574e2f5de3e40ae4fc589b47db69" marker="I240" class="commentary I"/>
4
</num>
<content>
<p>
In section 181 (Assembly, etc. control of regulations and orders), in subsection (2) (regulations and orders subject to confirmatory procedure), after “20B(5)” insert
<mod>
<quotedText>“ , 95(2)(c), 95A(2)(b) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-5" period="#period14">
<num>
<noteRef href="#c24497371" marker="I54" class="commentary I"/>
<noteRef href="#key-4c10844070fab5fedb43d791df0b2135" marker="I241" class="commentary I"/>
5
</num>
<content>
<p>
In Schedule 2 (methods of revaluing accrued pension benefits), in paragraph 3A (the cash balance method), for “cash balance benefit” substitute
<mod>
<quotedText>“ benefit ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-6-crossheading-pensions-northern-ireland-order-1995-si-19953213-ni-22" period="#period14">
<heading>
<em>Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))</em>
</heading>
<paragraph eId="schedule-6-paragraph-6" period="#period14">
<num>
<noteRef href="#c24497951" marker="I55" class="commentary I"/>
<noteRef href="#key-ac11d5c7aba2d5d26dc741e3a5a0a4f6" marker="I242" class="commentary I"/>
6
</num>
<content>
<p>The Pensions (Northern Ireland) Order 1995 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7" period="#period14">
<num>
<noteRef href="#c24497961" marker="I56" class="commentary I"/>
<noteRef href="#key-a7728aeb0b68eef40cc0d37f27fa8c50" marker="I243" class="commentary I"/>
7
</num>
<content>
<p>In Article 51 (annual increase in rate of pension), after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e2125">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate occupational pension scheme which is a money purchase scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-8" period="#period14">
<num>
<noteRef href="#c24498031" marker="I57" class="commentary I"/>
<noteRef href="#key-b8b13e664b5cc91e33873475eb5988c5" marker="I244" class="commentary I"/>
8
</num>
<content>
<p>In Article 75 (deficiencies in the assets of certain occupational pension schemes), after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e2140">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate occupational pension scheme which is a money purchase scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-9" period="#period14">
<num>
<noteRef href="#c24498061" marker="I58" class="commentary I"/>
<noteRef href="#key-b03c13422c1c0452ea5e53f80dd0a24e" marker="I245" class="commentary I"/>
9
</num>
<content>
<p>In Article 85 (schedules of payments to money purchase schemes), after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e2155">
<num>1A</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article and Article 86 as an occupational pension scheme which is a money purchase scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-10" period="#period14">
<num>
<noteRef href="#c24498071" marker="I59" class="commentary I"/>
<noteRef href="#key-b2e559c1c4c8ace8160d1e43b76f7f08" marker="I246" class="commentary I"/>
10
</num>
<content>
<p>In Article 87 (application of further provisions to money purchase schemes), at the end insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e2170">
<num>3</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate money purchase scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-6-crossheading-pensions-northern-ireland-order-2005-si-2005255-ni-1" period="#period14">
<heading>
<em>Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))</em>
</heading>
<paragraph eId="schedule-6-paragraph-11" period="#period14">
<num>
<noteRef href="#c24498151" marker="I60" class="commentary I"/>
<noteRef href="#key-156d1541932578dd56a4eec7dfbab04e" marker="I171" class="commentary I"/>
<noteRef href="#key-f5e91d81a5b2150fc30771dbacf18525" marker="I247" class="commentary I"/>
11
</num>
<content>
<p>The Pensions (Northern Ireland) Order 2005 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12" period="#period14">
<num>
<noteRef href="#c24498221" marker="I61" class="commentary I"/>
<noteRef href="#key-e79de6c66e6ecc81552b9e2bbb6ec535" marker="I248" class="commentary I"/>
12
</num>
<intro>
<p>In Article 2 (general interpretation), in paragraph (4)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-12-a">
<num>a</num>
<content>
<p>in sub-paragraph (a), after head (ix) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e2204">
<num>x</num>
<content>
<p>regulations made under section 69(4) of or paragraph 1(6) of Schedule 5 to the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2210">
<num>xi</num>
<content>
<p>sections 85, 90, 92, 93 and 96 of the Pension Schemes Act 2021;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-b">
<num>b</num>
<content>
<p>in sub-paragraph (b), after head (vii) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e2225">
<num>viii</num>
<content>
<p>sections 69(7)(b), 85(5), 90(6), 92(6), 93(2) and 96(5) of and paragraph 1(7) of Schedule 5 to the Pension Schemes Act 2021.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-13" period="#period14">
<num>
<noteRef href="#c24498251" marker="I62" class="commentary I"/>
<noteRef href="#key-1f15f2e9687535b9bc8af708b57aa42a" marker="I249" class="commentary I"/>
13
</num>
<intro>
<p>In Article 9 (improvement notices), in paragraph (7)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-13-a">
<num>a</num>
<content>
<p>omit the “or” at the end of sub-paragraph (f);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-13-b">
<num>b</num>
<content>
<p>after sub-paragraph (g) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2254">
<num>h</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-14" period="#period11">
<num>
<noteRef href="#c24498261" marker="I63" class="commentary I"/>
<noteRef href="#key-181fc3b3a824b0acb9e709fc58f9dbed" marker="I172" class="commentary I"/>
14
</num>
<subparagraph eId="schedule-6-paragraph-14-1">
<num>1</num>
<content>
<p>Article 85 (codes of practice) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-14-2">
<num>2</num>
<content>
<p>In paragraph (2) (matters on which the Pensions Regulator must issue codes of practice), after sub-paragraph (j) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e2279">
<num>ja</num>
<content>
<p>the process for making an application under Part 2 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;</p>
</content>
</paragraph>
<paragraph eId="d4e2285">
<num>jb</num>
<content>
<p>the matters that the Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 60 of the Pension Schemes Act 2021);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-14-3">
<num>3</num>
<intro>
<p>In paragraph (6), in the definition of “the pensions legislation”—</p>
</intro>
<paragraph eId="schedule-6-paragraph-14-3-a">
<num>a</num>
<content>
<p>omit the “or” at the end of sub-paragraph (e);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-14-3-b">
<num>b</num>
<content>
<p>after sub-paragraph (f) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2314">
<num>g</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-15" period="#period14">
<num>
<noteRef href="#c24498271" marker="I64" class="commentary I"/>
<noteRef href="#key-8af74f42449deb78f91669641cb00fc9" marker="I250" class="commentary I"/>
15
</num>
<intro>
<p>In Article 88(2) (regulatory functions of the Pensions Regulator)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-15-a">
<num>a</num>
<content>
<p>omit the “and” at the end of sub-paragraph (p);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-15-b">
<num>b</num>
<content>
<p>after sub-paragraph (p) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e2341">
<num>pa</num>
<content>
<p>the power to give a direction under section 74(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),</p>
</content>
</paragraph>
<paragraph eId="d4e2347">
<num>pb</num>
<content>
<p>the power to give a notice under section 80(1) or (4) of that Act (risk notices),</p>
</content>
</paragraph>
<paragraph eId="d4e2353">
<num>pc</num>
<content>
<p>the power to give a direction under section 80(6) of that Act (direction to implement proposals in a resolution plan),</p>
</content>
</paragraph>
<paragraph eId="d4e2359">
<num>pd</num>
<content>
<p>the power to give a direction under section 90(4) of that Act (direction to submit implementation strategy), and</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-16" period="#period14">
<num>
<noteRef href="#c24498281" marker="I65" class="commentary I"/>
<noteRef href="#key-4cdf28deea49b21a4edac770fd8a6d63" marker="I251" class="commentary I"/>
16
</num>
<content>
<p>In Article 92(5) (special procedure: applicable cases), after sub-paragraph (ta) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e2376">
<num>tb</num>
<content>
<p>the power under section 81 of the Pension Schemes Act 2021 to withdraw authorisation of a collective money purchase scheme;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2382">
<num>tc</num>
<content>
<p>the power to make a pause order under section 95 of that Act;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2388">
<num>td</num>
<content>
<p>the power to make an order under paragraph 2(2) of Schedule 5 to that Act extending the period for which a pause order has effect;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2394">
<num>te</num>
<content>
<p>the power to make an order under paragraph 3 of that Schedule validating action taken in contravention of a pause order;</p>
</content>
</subparagraph>
<subparagraph eId="d4e2400">
<num>tf</num>
<content>
<p>the power to make an order under paragraph 4(3) of that Schedule directing the notification of members or employers;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-17" period="#period14">
<num>
<noteRef href="#c24498301" marker="I66" class="commentary I"/>
<noteRef href="#key-ef3fcf56b9e95c876dd03b8995e9252c" marker="I252" class="commentary I"/>
17
</num>
<content>
<p>In Article 110 (schemes eligible for pension protection), after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e2417">
<num>1A</num>
<content>
<p>Where a scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Part as a separate money purchase scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-18" period="#period14">
<num>
<noteRef href="#c24497751" marker="I67" class="commentary I"/>
<noteRef href="#key-0fa8e4f290b36e78ba053f25dfbbe869" marker="I253" class="commentary I"/>
18
</num>
<content>
<p>In Article 226A (requirement for an effective system of governance), in paragraph (3) (exceptions), after sub-paragraph (d) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e2432">
<num>e</num>
<content>
<p>an authorised collective money purchase scheme within the meaning of Part 2 of the Pension Schemes Act 2021.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-19" period="#period14">
<num>
<noteRef href="#c24497721" marker="I68" class="commentary I"/>
<noteRef href="#key-840c850cdc4f7fae4bc5c56766eb1416" marker="I254" class="commentary I"/>
19
</num>
<intro>
<p>In Article 231 (representative of non-European scheme to be treated as trustee), in paragraph (3)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-19-a">
<num>a</num>
<content>
<p>omit the “or” at the end of sub-paragraph (d);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-19-b">
<num>b</num>
<content>
<p>after sub-paragraph (e) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2461">
<num>f</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-20" period="#period1">
<num>
<noteRef href="#c24497431" marker="I69" class="commentary I"/>
20
</num>
<intro>
<p>In Article 267 (duty of trustees or managers to act consistently with law of host EEA State), in paragraph (4)—</p>
</intro>
<paragraph eId="schedule-6-paragraph-20-a">
<num>a</num>
<content>
<p>omit the “or” at the end of sub-paragraph (d);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-20-b">
<num>b</num>
<content>
<p>after sub-paragraph (e) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2489">
<num>f</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-21" period="#period14">
<num>
<noteRef href="#c24497421" marker="I70" class="commentary I"/>
<noteRef href="#key-d604697d8cf5b303431a5621a000609a" marker="I255" class="commentary I"/>
21
</num>
<content>
<p>In Schedule 2 (the reserved regulatory functions), after Part 4 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<part eId="d4e2505">
<num>
<strong>PART 4A</strong>
</num>
<heading>Functions under Part 2 of the Pension Schemes Act 2021</heading>
<paragraph eId="d4e2511">
<num>44A</num>
<content>
<p>The power to give a direction under section 74(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).</p>
</content>
</paragraph>
<paragraph eId="d4e2517">
<num>44B</num>
<content>
<p>The power to give a direction under section 80(6) (direction to implement proposals in a resolution plan).</p>
</content>
</paragraph>
<paragraph eId="d4e2523">
<num>44C</num>
<content>
<p>The power under section 81 to withdraw authorisation of a collective money purchase scheme.</p>
</content>
</paragraph>
<paragraph eId="d4e2529">
<num>44D</num>
<content>
<p>The power to give a direction under section 92(4) (direction to pursue a continuity option).</p>
</content>
</paragraph>
<paragraph eId="d4e2535">
<num>44E</num>
<content>
<p>The power to make a pause order under section 95.</p>
</content>
</paragraph>
<paragraph eId="d4e2541">
<num>44F</num>
<content>
<p>The power to make an order under paragraph 2(2) of Schedule 5 extending the period for which a pause order has effect.</p>
</content>
</paragraph>
<paragraph eId="d4e2547">
<num>44G</num>
<content>
<p>The power to make an order under paragraph 3 of Schedule 5 validating action taken in contravention of a pause order.</p>
</content>
</paragraph>
<paragraph eId="d4e2553">
<num>44H</num>
<content>
<p>The power to make an order under paragraph 4(3) of Schedule 5 directing the notification of members or employers.</p>
</content>
</paragraph>
</part>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-6-crossheading-pensions-no-2-act-northern-ireland-2008-c-13-ni" period="#period14">
<heading>
<em>Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))</em>
</heading>
<paragraph eId="schedule-6-paragraph-22" period="#period14">
<num>
<noteRef href="#c24497411" marker="I71" class="commentary I"/>
<noteRef href="#key-c6c03dc5794e6acd04838e2b4127775e" marker="I256" class="commentary I"/>
22
</num>
<subparagraph eId="schedule-6-paragraph-22-1">
<num>1</num>
<content>
<p>Section 31 of the Pensions (No. 2) Act (Northern Ireland) 2008 (effect of freezing order or assessment period: qualifying schemes) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-22-2">
<num>2</num>
<content>
<p>
In the heading, for “or assessment period” substitute
<mod>
<quotedText>“ , assessment period or pause order ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-22-3">
<num>3</num>
<intro>
<p>
In subsection (3) (meaning of “
<term refersTo="#term-freezing-event">freezing event</term>
” and “
<term refersTo="#term-relevant-provision">relevant provision</term>
”)—
</p>
</intro>
<paragraph eId="schedule-6-paragraph-22-3-a">
<num>a</num>
<intro>
<p>in the definition of “freezing event”—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-22-3-a-i">
<num>i</num>
<content>
<p>omit the “or” at the end of paragraph (a);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-22-3-a-ii">
<num>ii</num>
<content>
<p>at the end of paragraph (b) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2617">
<num>c</num>
<content>
<p>the making of a pause order under section 95 of the Pension Schemes Act 2021;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-22-3-b">
<num>b</num>
<content>
<p>in the definition of “relevant provision”, after paragraph (b) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e2632">
<num>c</num>
<content>
<p>in relation to a pause order, provision contained in the order or the provision made with respect to the order by section 95 of the Pension Schemes Act 2021.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-6-crossheading-pensions-act-northern-ireland-2015-c-5-ni" period="#period11">
<heading>
<em>Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.))</em>
</heading>
<paragraph eId="schedule-6-paragraph-23" period="#period11">
<num>
<noteRef href="#c24497401" marker="I72" class="commentary I"/>
<noteRef href="#key-0d87f6afdb86dad78f1303e053287495" marker="I173" class="commentary I"/>
23
</num>
<content>
<p>The Pensions Act (Northern Ireland) 2015 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-24" period="#period11">
<num>
<noteRef href="#c24497391" marker="I73" class="commentary I"/>
<noteRef href="#key-7a4c38eb0ad751bc7ff308fcbd7544bd" marker="I174" class="commentary I"/>
24
</num>
<content>
<p>In section 51(4) (regulations subject to confirmatory procedure), omit the “or” after paragraph (e) and at the end of paragraph (f) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e2661">
<num>g</num>
<content>
<p>the first regulations under paragraph 1 or 3 of that Schedule that make provision in relation to collective money purchase schemes within the meaning of Part 2 of the Pension Schemes Act 2021 (see section 52 of that Act).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-25" period="#period11">
<num>
<noteRef href="#c24497381" marker="I74" class="commentary I"/>
<noteRef href="#key-78c9124b915fe1a050ba8e6ce3966885" marker="I175" class="commentary I"/>
25
</num>
<subparagraph eId="schedule-6-paragraph-25-1">
<num>1</num>
<content>
<p>Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-25-2">
<num>2</num>
<content>
<p>
In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute
<mod>
<quotedText>“ members ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-25-3">
<num>3</num>
<content>
<p>In paragraph 4 (interpretation), after sub-paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e2695">
<num>3</num>
<content>
<p>Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-7" period="#period14">
<num>
SCHEDULE 7
<authorialNote class="referenceNote" placement="right">
<p> Section 116</p>
</authorialNote>
</num>
<heading>The Pensions Regulator: minor and consequential amendments</heading>
<hcontainer name="crossheading" eId="schedule-7-crossheading-pensions-act-1995-c-26" period="#period8">
<heading>
<em>Pensions Act 1995 (c. 26)</em>
</heading>
<paragraph eId="schedule-7-paragraph-1" period="#period8">
<num>
<noteRef href="#key-219e46ef36e51ae8d9abf341e1aa5814" marker="I120" class="commentary I"/>
1
</num>
<content>
<p>In section 10 of the Pensions Act 1995 (civil penalties), after subsection (9) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e2722">
<num>10</num>
<content>
<p>The Authority may not require a person to pay a penalty under this section in respect of an act or omission if the Authority have issued a notice to the person under section 88A of the Pensions Act 2004 (financial penalties) in respect of the same act or omission.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-7-crossheading-pensions-act-2004-c-35" period="#period14">
<heading>
<em>Pensions Act 2004 (c. 35)</em>
</heading>
<paragraph eId="schedule-7-paragraph-2" period="#period14">
<num>
<noteRef href="#key-7b24b8ae3e2fa76d7aec7087720ddd06" marker="I103" class="commentary I"/>
<noteRef href="#key-eee2ccd8369df53e550a6387e8dfe6be" marker="I105" class="commentary I"/>
<noteRef href="#key-eaf52d7fdadce390eff509ef67b2623b" marker="I121" class="commentary I"/>
<noteRef href="#key-137e3e3cedcec7b916d443b64c121e1f" marker="I176" class="commentary I"/>
<noteRef href="#key-1c4bb09d6e261d755721125ae6ad52c3" marker="I223" class="commentary I"/>
2
</num>
<content>
<p>The Pensions Act 2004 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3" period="#period8">
<num>
<noteRef href="#key-260e379a7af1717f7f6f1f1d5ead3781" marker="I122" class="commentary I"/>
3
</num>
<content>
<p>In section 38B (section 38 contribution notice issued by reference to material detriment test: defence), in subsection (12), for paragraph (b) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e2751">
<num>b</num>
<content>
<p>a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4" period="#period8">
<num>
<noteRef href="#key-7107c36036430dceb6708deb82f0e849" marker="I123" class="commentary I"/>
4
</num>
<intro>
<p>In section 75 (inspection of premises: powers of inspectors), in subsection (1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-a">
<num>a</num>
<content>
<p>
after “subsection (1),” insert
<mod>
<quotedText>“ (2A), ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-b">
<num>b</num>
<content>
<p>
for “(3) or (4)” substitute
<mod>
<quotedText>“ (3), (4) or (5A) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-5" period="#period8">
<num>
<noteRef href="#key-82b40c54bcb0c0cd7e60dc8d9347a94c" marker="I124" class="commentary I"/>
5
</num>
<subparagraph eId="schedule-7-paragraph-5-1">
<num>1</num>
<content>
<p>Section 76 (inspection of premises: supplementary) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-5-2">
<num>2</num>
<intro>
<p>In subsection (3)(a)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-5-2-a">
<num>a</num>
<content>
<p>
after “virtue of”, in the second place it occurs, insert
<mod>
<quotedText>“ section 77A, 77B or 88A of this Act, ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-5-2-b">
<num>b</num>
<content>
<p>
for “either of them” substitute
<mod>
<quotedText>“ any of those provisions ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-5-3">
<num>3</num>
<intro>
<p>In subsection (9)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-5-3-a">
<num>a</num>
<content>
<p>
after “(1),” insert
<mod>
<quotedText>“ (2A), ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-5-3-b">
<num>b</num>
<content>
<p>
for “(3) or (4)” substitute
<mod>
<quotedText>“ (3), (4) or (5A) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-6" period="#period8">
<num>
<noteRef href="#key-37e6b39818debca1a2deea7a87fd9f4c" marker="I125" class="commentary I"/>
6
</num>
<intro>
<p>In section 78 (warrants), in subsection (1)(c)(iii)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-6-a">
<num>a</num>
<content>
<p>
after “virtue of”, in the first place it occurs, insert
<mod>
<quotedText>“ section 77A, 77B or 88A of this Act, ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-b">
<num>b</num>
<content>
<p>
for “either of them” substitute
<mod>
<quotedText>“ any of those provisions ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-7" period="#period14">
<num>
<noteRef href="#key-5fa0af10aaec41985cba7039defc41eb" marker="I126" class="commentary I"/>
7
</num>
<subparagraph eId="schedule-7-paragraph-7-1" period="#period14">
<num>
<noteRef href="#key-65b92e9a3a910d5ec71e37825b03d4a9" marker="I224" class="commentary I"/>
1
</num>
<content>
<p>Section 80 (offences of providing false or misleading information) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-7-2">
<num>2</num>
<content>
<p>In subsection (1)(a), after sub-paragraph (iii) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subparagraph eId="d4e2887">
<num>iiia</num>
<content>
<p>section 72A (interviews),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-7-3" period="#period14">
<num>
<noteRef href="#key-65b92e9a3a910d5ec71e37825b03d4a9" marker="I224" class="commentary I"/>
3
</num>
<content>
<p>In subsection (1)(c), for “under this Act or the Pensions Act 1995 (c. 26)” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<p class="run-on">under— </p>
<subparagraph eId="d4e2905">
<num>i</num>
<content>
<p>the Pensions Act 1995,</p>
</content>
</subparagraph>
<subparagraph eId="d4e2911">
<num>ii</num>
<content>
<p>this Act,</p>
</content>
</subparagraph>
<subparagraph eId="d4e2917">
<num>iii</num>
<content>
<p>the Pensions Act 2008,</p>
</content>
</subparagraph>
<subparagraph eId="d4e2923">
<num>iv</num>
<content>
<p>Schedule 18 to the Pensions Act 2014,</p>
</content>
</subparagraph>
<subparagraph eId="d4e2929">
<num>v</num>
<content>
<p>the Pension Schemes Act 2017, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e2935">
<num>vi</num>
<content>
<p>Part 1 of the Pension Schemes Act 2021</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-8" period="#period8">
<num>8</num>
<intro>
<p>In section 90 (codes of practice), in subsection (2)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-8-a" period="#period4">
<num>
<noteRef href="#key-f7090975f7c2504a696afe932aeb8535" marker="I104" class="commentary I"/>
a
</num>
<content>
<p>
in paragraph (aa), after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-8-b" period="#period8">
<num>
<noteRef href="#key-60f0cb93f7a176ace2cfd173a4e2b6b1" marker="I127" class="commentary I"/>
b
</num>
<content>
<p>after paragraph (b) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e2967">
<num>ba</num>
<content>
<p>the discharge of the duties imposed by section 69A (duty to give notices and statements to the Regulator in respect of certain events);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-9" period="#period8">
<num>
<noteRef href="#key-e5ac6be5f618297ee2666326a093ebef" marker="I128" class="commentary I"/>
9
</num>
<subparagraph eId="schedule-7-paragraph-9-1">
<num>1</num>
<content>
<p>Section 96 (the Regulator's standard procedure in relation to its regulatory functions) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-9-2">
<num>2</num>
<content>
<p>
In subsection (1A)(b), after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-9-3">
<num>3</num>
<intro>
<p>In subsection (1B)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-9-3-a">
<num>a</num>
<content>
<p>
in paragraph (a), after “38B,” insert
<mod>
<quotedText>“ 38D or 38F (as the case may be) ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-9-3-b">
<num>b</num>
<content>
<p>
in paragraph (b), for “subsection (2) of that section” substitute
<mod>
<quotedText>“ section 38B(2), 38D(2) and (3) or 38F(2) (as the case may be) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-10" period="#period8">
<num>
<noteRef href="#key-410ff2d519f280f37075610a7b482339" marker="I129" class="commentary I"/>
10
</num>
<content>
<p>
In section 256 (no indemnification for fines or civil penalties), in subsection (1)(b), after “virtue of” insert
<mod>
<quotedText>“ section 77A, 77B or 88A of this Act, ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11" period="#period8">
<num>
<noteRef href="#key-3fe28c96ba0fb6ad23b175b60bfe274f" marker="I130" class="commentary I"/>
11
</num>
<subparagraph eId="schedule-7-paragraph-11-1">
<num>1</num>
<content>
<p>Section 310 (admissibility of statements) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-11-2">
<num>2</num>
<intro>
<p>In subsection (3)(b)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-11-2-a">
<num>a</num>
<content>
<p>
after “financial penalty” insert
<mod>
<quotedText>“ on a relevant ground ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11-2-b">
<num>b</num>
<content>
<p>after “virtue of—” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3062">
<num>ai</num>
<content>
<p>section 88A (financial penalties),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11-2-c">
<num>c</num>
<content>
<p>for sub-paragraph (i) (and the “or” following it) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3077">
<num>i</num>
<content>
<p>section 168 of the Pension Schemes Act 1993 (breach of regulations),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3083">
<num>ia</num>
<content>
<p>section 10 of the Pensions Act 1995 (civil penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3089">
<num>ib</num>
<content>
<p>paragraph 10 of Schedule 17 to the Pensions Act 2014 (penalties for contravention of regulations etc),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3095">
<num>ic</num>
<content>
<p>paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11-2-d">
<num>d</num>
<content>
<p>for sub-paragraph (ii) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3110">
<num>ii</num>
<content>
<p>section 164 of the Pension Schemes (Northern Ireland) Act 1993 (c. 49) (breach of regulations),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3116">
<num>iii</num>
<content>
<p>Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3122">
<num>iv</num>
<content>
<p>Article 83A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (financial penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3128">
<num>v</num>
<content>
<p>Article 215G of that Order (penalties for contravention of regulations under Article 215D),</p>
</content>
</subparagraph>
<subparagraph eId="d4e3134">
<num>vi</num>
<content>
<p>paragraph 10 of Schedule 17 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (penalties for contravention of regulations etc), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3140">
<num>vii</num>
<content>
<p>paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc).</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-11-3">
<num>3</num>
<content>
<p>After subsection (3) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e3153">
<num>3A</num>
<intro>
<p>For the purposes of this section a financial penalty is payable on a relevant ground if it is payable otherwise than under—</p>
</intro>
<paragraph eId="d4e3159">
<num>a</num>
<intro>
<p>section 88A as it applies by virtue of—</p>
</intro>
<subparagraph eId="d4e3165">
<num>i</num>
<content>
<p>section 80A (financial penalty for providing false or misleading information to Regulator), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3171">
<num>ii</num>
<content>
<p>section 80B (financial penalty for providing false or misleading information to trustees or managers), or</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3177">
<num>b</num>
<intro>
<p>Article 83A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) as it applies by virtue of—</p>
</intro>
<subparagraph eId="d4e3183">
<num>i</num>
<content>
<p>Article 75A of that Order (financial penalty for providing false or misleading information to Regulator), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3189">
<num>ii</num>
<content>
<p>Article 75B of that Order (financial penalty for providing false or misleading information to trustees or managers).</p>
</content>
</subparagraph>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-11-4">
<num>4</num>
<content>
<p>In subsection (4), in the definition of “information requirement”, after paragraph (c) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e3202">
<num>"ca</num>
<content>
<p>section 72A (requirement to attend interview etc);</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-12" period="#period8">
<num>12</num>
<subparagraph eId="schedule-7-paragraph-12-1" period="#period8">
<num>
<noteRef href="#key-8c69dd5c628fce7e16a00a16d578e4d6" marker="I106" class="commentary I"/>
<noteRef href="#key-16b09e7d36f7ba0a5eccfd125c6e38c9" marker="I131" class="commentary I"/>
1
</num>
<content>
<p>Section 316 (Parliamentary control of subordinate legislation) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-12-2" period="#period5">
<num>
<noteRef href="#key-7a0655fb62a2f4ad5b218849d44bafcb" marker="I107" class="commentary I"/>
2
</num>
<content>
<p>In subsection (2) (regulations and orders subject to affirmative procedure), after paragraph (za) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e3231">
<num>zaa</num>
<content>
<p>regulations under section 38E(2)(a) (section 38 contribution notice: constitution of resources of employer);</p>
</content>
</paragraph>
<paragraph eId="d4e3237">
<num>zab</num>
<content>
<p>regulations under section 38E(2)(b) (section 38 contribution notice: valuation of resources of employer);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-12-3" period="#period8">
<num>
<noteRef href="#key-16b09e7d36f7ba0a5eccfd125c6e38c9" marker="I131" class="commentary I"/>
3
</num>
<content>
<p>In subsection (2), after paragraph (zb) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e3253">
<num>zc</num>
<content>
<p>regulations under section 58A(1) (offence of avoidance of employer debt: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e3259">
<num>zd</num>
<content>
<p>regulations under section 58B(1) (offence of conduct risking accrued scheme benefits: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e3265">
<num>ze</num>
<content>
<p>regulations under section 58C(1) (financial penalty for avoidance of employer debt: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e3271">
<num>zf</num>
<content>
<p>regulations under section 58D(1) (financial penalty for conduct risking accrued scheme benefits: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e3277">
<num>zg</num>
<content>
<p>regulations under section 73(5B)(a) (inspection of premises: power to specify provisions by reference to which there may be inspection);</p>
</content>
</paragraph>
<paragraph eId="d4e3283">
<num>zh</num>
<content>
<p>regulations under section 88A(3) (financial penalties: power to amend maximum amount of penalty);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-13" period="#period12">
<num>
<noteRef href="#key-9f953d419f48807e410c657870165db7" marker="I177" class="commentary I"/>
13
</num>
<subparagraph eId="schedule-7-paragraph-13-1">
<num>1</num>
<content>
<p>In Schedule 1 (the Pensions Regulator), in Part 4 (proceedings and delegation etc), paragraph 21(2) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-13-2">
<num>2</num>
<content>
<p>After paragraph (d) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e3309">
<num>da</num>
<content>
<p>the power to issue a notice under section 72A;</p>
</content>
</paragraph>
<paragraph eId="d4e3315">
<num>db</num>
<content>
<p>the power to issue a fixed penalty notice under section 77A;</p>
</content>
</paragraph>
<paragraph eId="d4e3321">
<num>dc</num>
<content>
<p>the power to issue an escalating penalty notice under section 77B;</p>
</content>
</paragraph>
<paragraph eId="d4e3327">
<num>dd</num>
<content>
<p>the power to require payment of a penalty under section 88A;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-13-3">
<num>3</num>
<content>
<p>After paragraph (o) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e3342">
<num>p</num>
<content>
<p>the power to issue a fixed penalty notice under section 17 of the Pension Schemes Act 2017;</p>
</content>
</paragraph>
<paragraph eId="d4e3348">
<num>q</num>
<content>
<p>the power to issue an escalating penalty notice under section 18 of that Act.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-14" period="#period12">
<num>
<noteRef href="#key-f4df1f3b2bfcf56ddbc7dddbddc0abda" marker="I178" class="commentary I"/>
14
</num>
<content>
<p>In Schedule 2 (the reserved regulatory functions), after paragraph 41 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<paragraph eId="d4e3362">
<num>41A</num>
<content>
<p>The power to require a person to pay a penalty under section 88A.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-7-crossheading-pensions-act-2008-c-30" period="#period12">
<heading>
<em>Pensions Act 2008 (c. 30)</em>
</heading>
<paragraph eId="schedule-7-paragraph-15" period="#period12">
<num>
<noteRef href="#key-6b3a4fa5297dd7b321ac900332ef8235" marker="I179" class="commentary I"/>
15
</num>
<content>
<p>The Pensions Act 2008 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-16" period="#period12">
<num>
<noteRef href="#key-26afba1eca2d81abbc47a5813a5dbe96" marker="I180" class="commentary I"/>
16
</num>
<intro>
<p>In section 40 (fixed penalty notices), in subsection (1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-16-a">
<num>a</num>
<content>
<p>omit the “or” after paragraph (c);</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-16-b">
<num>b</num>
<content>
<p>after paragraph (d) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e3401">
<num>e</num>
<content>
<p>a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of its functions under or by virtue of this Part.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-17" period="#period12">
<num>
<noteRef href="#key-61e545b10713c962812550d2accfb6bb" marker="I181" class="commentary I"/>
17
</num>
<intro>
<p>In section 41 (escalating penalty notices), in subsection (1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-17-a">
<num>a</num>
<content>
<p>omit the “or” after paragraph (c);</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-17-b">
<num>b</num>
<content>
<p>after paragraph (d) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e3429">
<num>e</num>
<content>
<p>a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of its functions under or by virtue of this Part.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-7-crossheading-pension-schemes-act-2017-c-17" period="#period12">
<heading>
<em>Pension Schemes Act 2017 (c. 17)</em>
</heading>
<paragraph eId="schedule-7-paragraph-18" period="#period12">
<num>
<noteRef href="#key-676ffc97673509de98ae163d2d88ca86" marker="I182" class="commentary I"/>
18
</num>
<content>
<p>The Pension Schemes Act 2017 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-19" period="#period12">
<num>
<noteRef href="#key-1915974d258d78ab64fe309f2eb0880c" marker="I183" class="commentary I"/>
19
</num>
<subparagraph eId="schedule-7-paragraph-19-1">
<num>1</num>
<content>
<p>Section 17 (fixed penalty notice for failure to comply with request for information) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-19-2">
<num>2</num>
<content>
<p>
In the title, at the end insert
<mod>
<quotedText>“ etc ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-19-3">
<num>3</num>
<intro>
<p>In subsection (1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-19-3-a">
<num>a</num>
<content>
<p>for “with a” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">with— </p>
<paragraph eId="d4e3481">
<num>a</num>
<content>
<p>a</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-19-3-b">
<num>b</num>
<content>
<p>after “Part” insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e3498">
<num>b</num>
<content>
<p>a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of the Regulator's functions under or by virtue of this Part</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-20" period="#period12">
<num>
<noteRef href="#key-f52fc0cccd31f8d6dc317b56581594f1" marker="I184" class="commentary I"/>
20
</num>
<subparagraph eId="schedule-7-paragraph-20-1">
<num>1</num>
<content>
<p>Section 18 (escalating penalty notice for failure to comply with request for information) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-20-2">
<num>2</num>
<content>
<p>
In the title, at the end insert
<mod>
<quotedText>“ etc ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-20-3">
<num>3</num>
<intro>
<p>In subsection (1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-20-3-a">
<num>a</num>
<content>
<p>for “with a” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">with— </p>
<paragraph eId="d4e3541">
<num>a</num>
<content>
<p>a</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-20-3-b">
<num>b</num>
<content>
<p>after “notice”)” insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e3558">
<num>b</num>
<content>
<p>a notice issued under section 72A of that Act (interviews), so far as relevant to the exercise of any of the Regulator's functions under or by virtue of this Part (a “section 72A notice”)</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-20-4">
<num>4</num>
<content>
<p>
In subsection (2)(a), after “72 notice” insert
<mod>
<quotedText>“ or the section 72A notice ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-20-5">
<num>5</num>
<content>
<p>
In subsection (3), after “72 notice” insert
<mod>
<quotedText>“ or a section 72A notice ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-20-6">
<num>6</num>
<intro>
<p>In subsection (6)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-20-6-a">
<num>a</num>
<content>
<p>
in paragraph (b), after “notice” insert
<mod>
<quotedText>“ or the section 72A notice ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-20-6-b">
<num>b</num>
<content>
<p>
in paragraph (e), after “notice” insert
<mod>
<quotedText>“ or the section 72A notice ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-8" period="#period14">
<num>
SCHEDULE 8
<authorialNote class="referenceNote" placement="right">
<p> Section 117</p>
</authorialNote>
</num>
<heading>The Pensions Regulator: Northern Ireland</heading>
<part eId="schedule-8-part-1" period="#period14">
<num>
<strong>PART 1</strong>
</num>
<heading>Amendments of the Pensions (Northern Ireland) Order 2005</heading>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-introductory" period="#period14">
<heading>
<em>Introductory</em>
</heading>
<paragraph eId="schedule-8-paragraph-1" period="#period14">
<num>
<noteRef href="#key-32987d264e1d48ba0bb8791d3142a27f" marker="I108" class="commentary I"/>
<noteRef href="#M_I_ca0f4ca9-1ca4-459f-e243-3c8297ac51b3" marker="I146" class="commentary I"/>
<noteRef href="#key-aa538be99fc805b1feeeed2e5748b3f0" marker="I260" class="commentary I"/>
1
</num>
<content>
<p>The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-grounds-for-issuing-an-article-34-contribution-notice" period="#period8">
<heading>
<em>Grounds for issuing an Article 34 contribution notice</em>
</heading>
<paragraph eId="schedule-8-paragraph-2" period="#period8">
<num>2</num>
<subparagraph eId="schedule-8-paragraph-2-1">
<num>
<noteRef href="#M_I_4a638c5a-c5cf-455c-e00c-31a8df243302" marker="I147" class="commentary I"/>
1
</num>
<intro>
<p>In Article 34 (contribution notices where avoidance of employer debt)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-2-1-a">
<num>a</num>
<intro>
<p>in paragraph (5)(a)—</p>
</intro>
<subparagraph eId="schedule-8-paragraph-2-1-a-i">
<num>i</num>
<content>
<p>
after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-2-1-a-ii">
<num>ii</num>
<content>
<p>
for “Article 34A)” substitute
<mod>
<quotedText>“ Articles 34A, 34C and 34E) ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-2-1-b">
<num>b</num>
<content>
<p>
in paragraph (12)(c), after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-2-2">
<num>
<noteRef href="#M_I_4a638c5a-c5cf-455c-e00c-31a8df243302" marker="I147" class="commentary I"/>
2
</num>
<content>
<p>After Article 34B insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e3692">
<heading>
<em>Article 34 contribution notice: meaning of “employer insolvency test”</em>
</heading>
<article eId="d4e3696">
<num>34C</num>
<paragraph eId="d4e3700">
<num>1</num>
<intro>
<p>For the purposes of Article 34 the employer insolvency test is met in relation to an act or failure to act if the Regulator is of the opinion that—</p>
</intro>
<subparagraph eId="d4e3706">
<num>a</num>
<content>
<p>immediately after the relevant time, the value of the assets of the scheme was less than the amount of the liabilities of the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3712">
<num>b</num>
<content>
<p>if a debt under Article 75(4) of the 1995 Order (deficiencies in scheme assets: employer insolvency etc) had fallen due from the employer to the scheme immediately after the relevant time, the act or failure would have materially reduced the amount of the debt likely to be recovered by the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3718">
<num>2</num>
<intro>
<p>For the purposes of paragraph (1)—</p>
</intro>
<subparagraph eId="d4e3724">
<num>a</num>
<content>
<p>the value of the assets of the scheme immediately after the relevant time is the value which the Regulator estimates to be their value,</p>
</content>
</subparagraph>
<subparagraph eId="d4e3730">
<num>b</num>
<content>
<p>the amount of the liabilities of the scheme immediately after the relevant time is the amount which the Regulator estimates to be the amount of those liabilities, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3736">
<num>c</num>
<content>
<p>the amount of the debt is the amount which the Regulator estimates to be the amount of the debt under Article 75(4) of the 1995 Order that would have fallen due immediately after the relevant time.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3742">
<num>3</num>
<content>
<p>When estimating the value and the amounts referred to in paragraph (2), the Regulator must take into account how assets and liabilities, and their value or amount, are determined and calculated for the purposes of Article 75(4) of the 1995 Order.</p>
</content>
</paragraph>
<paragraph eId="d4e3748">
<num>4</num>
<intro>
<p>When estimating—</p>
</intro>
<subparagraph eId="d4e3754">
<num>a</num>
<content>
<p>the value of the assets of the scheme immediately after the relevant time, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3760">
<num>b</num>
<content>
<p>the amount of the debt under Article 75(4) of the 1995 Order falling due immediately after the relevant time,</p>
</content>
</subparagraph>
<wrapUp>
<p>the Regulator must disregard the amount of any debt due immediately after the relevant time from the employer under Article 75 of the 1995 Order.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e3768">
<num>5</num>
<intro>
<p>
In this Article “
<term refersTo="#term-the-relevant-time">the relevant time</term>
” means—
</p>
</intro>
<subparagraph eId="d4e3777">
<num>a</num>
<content>
<p>in the case of an act, the time of the act, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3783">
<num>b</num>
<intro>
<p>in the case of a failure to act—</p>
</intro>
<clause eId="d4e3789">
<num>i</num>
<content>
<p>the time when the failure occurred, or</p>
</content>
</clause>
<clause eId="d4e3795">
<num>ii</num>
<content>
<p>where the failure continued for a period of time, the time which the Regulator determines and which falls within that period;</p>
</content>
</clause>
</subparagraph>
<wrapUp>
<p>and, in the case of acts or failures to act forming part of a series, any reference in this paragraph to an act or failure to act is a reference to the last of the acts or failures in that series.</p>
</wrapUp>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e3803">
<heading>
<em>Article 34 contribution notice issued by reference to employer insolvency test: defence</em>
</heading>
<article eId="d4e3807">
<num>34D</num>
<paragraph eId="d4e3811">
<num>1</num>
<intro>
<p>This Article applies where—</p>
</intro>
<subparagraph eId="d4e3817">
<num>a</num>
<content>
<p>a warning notice is given to any person (“P”) in respect of a contribution notice under Article 34, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3823">
<num>b</num>
<content>
<p>the contribution notice under consideration would be issued wholly or partly by reference to the Regulator's opinion that the employer insolvency test is met in relation to an act or deliberate failure to act to which P was a party.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3829">
<num>2</num>
<intro>
<p>If the Regulator is satisfied that P has shown that—</p>
</intro>
<subparagraph eId="d4e3835">
<num>a</num>
<content>
<p>conditions A and C are met, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3841">
<num>b</num>
<content>
<p>where applicable, condition B is met,</p>
</content>
</subparagraph>
<wrapUp>
<p>the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e3849">
<num>3</num>
<content>
<p>If the Regulator is satisfied that P or another person has shown that condition D is met, the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).</p>
</content>
</paragraph>
<paragraph eId="d4e3855">
<num>4</num>
<intro>
<p>Condition A is that, before becoming a party to the act or failure, P gave due consideration to the extent to which, if a debt under Article 75(4) of the 1995 Order were to fall due from the employer to the scheme—</p>
</intro>
<subparagraph eId="d4e3861">
<num>a</num>
<content>
<p>immediately after the act or failure, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3867">
<num>b</num>
<content>
<p>where the failure might continue for a period of time, at any time within that period,</p>
</content>
</subparagraph>
<wrapUp>
<p>the act or failure might materially reduce the amount of the debt likely to be recovered by the scheme.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e3875">
<num>5</num>
<content>
<p>Condition B is that, in any case where as a result of that consideration P considered that the act or failure might have such an effect, P took all reasonable steps to eliminate or minimise the potential for the act or failure to have such an effect.</p>
</content>
</paragraph>
<paragraph eId="d4e3881">
<num>6</num>
<intro>
<p>Condition C is that, having regard to all relevant circumstances prevailing at the time of the act or at the time when the failure to act first occurred, it was reasonable for P to conclude that, if a debt under Article 75(4) of the 1995 Order were to fall due from the employer to the scheme—</p>
</intro>
<subparagraph eId="d4e3887">
<num>a</num>
<content>
<p>immediately after the act or failure, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3893">
<num>b</num>
<content>
<p>where the failure might continue for a period of time, at any time within that period,</p>
</content>
</subparagraph>
<wrapUp>
<p>the act or failure would not materially reduce the amount of the debt likely to be recovered by the scheme.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e3901">
<num>7</num>
<content>
<p>Condition D is that, immediately after the relevant time, the value of the assets of the scheme equalled or was more than the amount at that time of the liabilities of the scheme.</p>
</content>
</paragraph>
<paragraph eId="d4e3907">
<num>8</num>
<content>
<p>P is to be regarded as giving the consideration mentioned in condition A only if P has made the enquiries, and done the other acts, that a reasonably diligent person would have made or done in the circumstances.</p>
</content>
</paragraph>
<paragraph eId="d4e3913">
<num>9</num>
<content>
<p>For the purposes of condition C the reference to the circumstances mentioned in that condition is a reference to those circumstances of which P was aware, or ought reasonably to have been aware, at the time of the act or the time when the failure to act first occurred (including acts or failures to act which have occurred before that time and P's expectation at that time of other acts or failures to act occurring).</p>
</content>
</paragraph>
<paragraph eId="d4e3919">
<num>10</num>
<content>
<p>For the purposes of conditions A, C and D the amount of any debt due at the time in question from the employer under Article 75 of the 1995 Order is to be disregarded.</p>
</content>
</paragraph>
<paragraph eId="d4e3925">
<num>11</num>
<intro>
<p>In the case of acts or failures to act forming part of a series, P is to be regarded as having shown the matters mentioned in paragraph (2) if P shows in the case of each of the acts or failures in the series that—</p>
</intro>
<subparagraph eId="d4e3931">
<num>a</num>
<content>
<p>conditions A and C are met, and (where applicable) condition B is met, in relation to the act or failure, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3937">
<num>b</num>
<content>
<p>the act or failure was one of a number of acts or failures (a “group” of acts or failures) selected by P in relation to which the following matters are shown.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3944">
<num>12</num>
<intro>
<p>The matters to be shown are that—</p>
</intro>
<subparagraph eId="d4e3950">
<num>a</num>
<content>
<p>before becoming a party to the first of the acts or failures in the group, condition A is met in relation to the effect of the acts or failures in the group taken together,</p>
</content>
</subparagraph>
<subparagraph eId="d4e3956">
<num>b</num>
<content>
<p>condition B is (where applicable) met in relation to that effect, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3962">
<num>c</num>
<content>
<p>condition C is then met in relation to each of the acts or failures in the group (determined at the time at which each act or failure concerned occurred or first occurred).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e3968">
<num>13</num>
<intro>
<p>If at any time P considers that condition C will not be met in relation to any particular act or failure in the group—</p>
</intro>
<subparagraph eId="d4e3974">
<num>a</num>
<content>
<p>the previous acts or failures in the group are to be regarded as a separate group for the purposes of paragraph (11), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e3980">
<num>b</num>
<content>
<p>P may then select another group consisting of the particular act or failure concerned, and any subsequent act or failure, in relation to which P shows the matters mentioned in paragraph (12).</p>
</content>
</subparagraph>
<wrapUp>
<p>Nothing in sub-paragraph (b) is to be read as preventing P from showing the matters mentioned in paragraph (11)(a).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e3989">
<num>14</num>
<intro>
<p>If—</p>
</intro>
<subparagraph eId="d4e3995">
<num>a</num>
<content>
<p>P is unable to show in the case of each of the acts or failures in the series that the matters set out in paragraph (11)(a) or (b) are met, but</p>
</content>
</subparagraph>
<subparagraph eId="d4e4001">
<num>b</num>
<content>
<p>does show in the case of some of them that those matters are met,</p>
</content>
</subparagraph>
<wrapUp>
<p>the acts or failures within sub-paragraph (b) are not to count for the purposes of Article 34C as acts or failures to act in the series.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4009">
<num>15</num>
<intro>
<p>In this Article—</p>
</intro>
<subparagraph eId="d4e4015">
<num>a</num>
<content>
<p>
<term refersTo="#term-the-relevant-time">the relevant time</term>
” has the meaning given by Article 34C;
</p>
</content>
</subparagraph>
<subparagraph eId="d4e4024">
<num>b</num>
<content>
<p>
<term refersTo="#term-a-warning-notice">a warning notice</term>
” means a notice given as mentioned in Article 91(2)(a);
</p>
</content>
</subparagraph>
<subparagraph eId="d4e4033">
<num>c</num>
<content>
<p>a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-2-3" period="#period6">
<num>
<noteRef href="#key-69425ce089b4f4b91a689a701aa65403" marker="I110" class="commentary I"/>
<noteRef href="#M_I_521c0772-622a-49e7-890f-bbfde6a721ea" marker="I148" class="commentary I"/>
3
</num>
<content>
<p>After Article 34D (inserted by sub-paragraph (2)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<article eId="d4e4051">
<num>34E</num>
<heading>Article 34 contribution notice: meaning of “employer resources test”</heading>
<paragraph eId="d4e4055">
<num>1</num>
<intro>
<p>For the purposes of Article 34 the employer resources test is met in relation to an act or failure to act if the Regulator is of the opinion that—</p>
</intro>
<subparagraph eId="d4e4061">
<num>a</num>
<content>
<p>the act or failure reduced the value of the resources of the employer, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4067">
<num>b</num>
<content>
<p>that reduction was a material reduction relative to the estimated Article 75 debt in relation to the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4073">
<num>2</num>
<intro>
<p>For the purposes of this Article—</p>
</intro>
<subparagraph eId="d4e4079">
<num>a</num>
<content>
<p>what constitutes the resources of the employer is to be determined in accordance with regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e4085">
<num>b</num>
<content>
<p>the value of the resources of the employer is to be determined, calculated and verified in a prescribed manner.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4091">
<num>3</num>
<intro>
<p>
In this Article the “
<term refersTo="#term-estimated-article-75-debt">estimated Article 75 debt</term>
” means the amount which the Regulator estimates to be the amount of the debt which would become due from the employer to the trustees or managers of the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets) if—
</p>
</intro>
<subparagraph eId="d4e4100">
<num>a</num>
<content>
<p>Article 75(2) applied, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4106">
<num>b</num>
<content>
<p>the time designated by the trustees or managers of the scheme for the purposes of Article 75(2) were the relevant time.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4112">
<num>4</num>
<content>
<p>When calculating the estimated Article 75 debt under paragraph (3), the amount of any debt due at the relevant time from the employer under Article 75 of the 1995 Order is to be disregarded.</p>
</content>
</paragraph>
<paragraph eId="d4e4118">
<num>5</num>
<intro>
<p>
In this Article “
<term refersTo="#term-the-relevant-time">the relevant time</term>
” means—
</p>
</intro>
<subparagraph eId="d4e4127">
<num>a</num>
<content>
<p>in a case where the act or failure to act forms part of a series of acts or failures to act, the time immediately before the first of the acts occurred or the first of the failures to act first occurred;</p>
</content>
</subparagraph>
<subparagraph eId="d4e4133">
<num>b</num>
<content>
<p>in any other case, the time immediately before the act occurred or the failure to act first occurred.</p>
</content>
</subparagraph>
</paragraph>
</article>
<article eId="d4e4142">
<num>34F</num>
<heading>Article 34 contribution notice issued by reference to employer resources test: defence</heading>
<paragraph eId="d4e4146">
<num>1</num>
<intro>
<p>This Article applies where—</p>
</intro>
<subparagraph eId="d4e4152">
<num>a</num>
<content>
<p>a warning notice is given to any person (“P”) in respect of a contribution notice under Article 34, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4158">
<num>b</num>
<content>
<p>the contribution notice under consideration would be issued wholly or partly by reference to the Regulator's opinion that the employer resources test is met in relation to an act or deliberate failure to act to which P was a party.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4164">
<num>2</num>
<intro>
<p>If the Regulator is satisfied that P has shown that—</p>
</intro>
<subparagraph eId="d4e4170">
<num>a</num>
<content>
<p>conditions A and C are met, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4176">
<num>b</num>
<content>
<p>where applicable, condition B is met,</p>
</content>
</subparagraph>
<wrapUp>
<p>the Regulator must not issue the contribution notice by reference to its being of the opinion mentioned in paragraph (1)(b).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4184">
<num>3</num>
<content>
<p>Condition A is that, before becoming a party to the act or failure, P gave due consideration to the extent to which the act or failure might reduce the value of the resources of the employer relative to the estimated Article 75 debt in relation to the scheme.</p>
</content>
</paragraph>
<paragraph eId="d4e4190">
<num>4</num>
<content>
<p>Condition B is that, in any case where as a result of that consideration P considered that the act or failure might have such an effect, P took all reasonable steps to eliminate or minimise the potential for the act or failure to have such an effect.</p>
</content>
</paragraph>
<paragraph eId="d4e4196">
<num>5</num>
<content>
<p>Condition C is that, having regard to all relevant circumstances prevailing at the time of the act or at the time when the failure to act first occurred, it was reasonable for P to conclude that the act or failure would not bring about a reduction in the value of the resources of the employer that would be a material reduction relative to the estimated Article 75 debt in relation to the scheme.</p>
</content>
</paragraph>
<paragraph eId="d4e4202">
<num>6</num>
<content>
<p>P is to be regarded as giving the consideration mentioned in condition A only if P has made the enquiries, and done the other acts, that a reasonably diligent person would have made or done in the circumstances.</p>
</content>
</paragraph>
<paragraph eId="d4e4208">
<num>7</num>
<content>
<p>For the purposes of condition C the reference to the circumstances mentioned in that condition is a reference to those circumstances of which P was aware, or ought reasonably to have been aware, at the time of the act or the time when the failure to act first occurred (including acts or failures to act which have occurred before that time and P's expectation at that time of other acts or failures to act occurring).</p>
</content>
</paragraph>
<paragraph eId="d4e4214">
<num>8</num>
<intro>
<p>For the purposes of conditions A and C—</p>
</intro>
<subparagraph eId="d4e4220">
<num>a</num>
<intro>
<p>
the “
<term refersTo="#term-estimated-article-75-debt">estimated Article 75 debt</term>
” means the amount which is a reasonable estimate of the amount of the debt which would become due from the employer to the trustees or managers of the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets) if—
</p>
</intro>
<clause eId="d4e4229">
<num>i</num>
<content>
<p>Article 75(2) applied, and</p>
</content>
</clause>
<clause eId="d4e4235">
<num>ii</num>
<content>
<p>the time designated by the trustees or managers of the scheme for the purposes of Article 75(2) were the time immediately before the act occurred or the failure to act first occurred;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e4241">
<num>b</num>
<content>
<p>the amount of any debt due at the time in question from the employer under Article 75 of the 1995 Order is to be disregarded.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4247">
<num>9</num>
<intro>
<p>In the case of acts or failures to act forming part of a series, P is to be regarded as having shown the matters mentioned in paragraph (2) if P shows in the case of each of the acts or failures in the series that—</p>
</intro>
<subparagraph eId="d4e4253">
<num>a</num>
<content>
<p>conditions A and C are met, and (where applicable) condition B is met, in relation to the act or failure, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4259">
<num>b</num>
<content>
<p>the act or failure was one of a number of acts or failures (a “group” of acts or failures) selected by P in relation to which the following matters are shown.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4265">
<num>10</num>
<intro>
<p>The matters to be shown are that—</p>
</intro>
<subparagraph eId="d4e4271">
<num>a</num>
<content>
<p>before becoming a party to the first of the acts or failures in the group, condition A is met in relation to the effect of the acts or failures in the group taken together,</p>
</content>
</subparagraph>
<subparagraph eId="d4e4277">
<num>b</num>
<content>
<p>condition B is (where applicable) met in relation to that effect, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4283">
<num>c</num>
<content>
<p>condition C is then met in relation to each of the acts or failures in the group (determined at the time at which each act or failure concerned occurred or first occurred).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4289">
<num>11</num>
<intro>
<p>If at any time P considers that condition C will not be met in relation to any particular act or failure in the group—</p>
</intro>
<subparagraph eId="d4e4295">
<num>a</num>
<content>
<p>the previous acts or failures in the group are to be regarded as a separate group for the purposes of paragraph (9), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4301">
<num>b</num>
<content>
<p>P may then select another group consisting of the particular act or failure concerned, and any subsequent act or failure, in relation to which P shows the matters mentioned in paragraph (10).</p>
</content>
</subparagraph>
<wrapUp>
<p>Nothing in sub-paragraph (b) is to be read as preventing P from showing the matters mentioned in paragraph (9)(a).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4311">
<num>12</num>
<intro>
<p>If—</p>
</intro>
<subparagraph eId="d4e4317">
<num>a</num>
<content>
<p>P is unable to show in the case of each of the acts or failures in the series that the matters set out in paragraph (9)(a) or (b) are met, but</p>
</content>
</subparagraph>
<subparagraph eId="d4e4323">
<num>b</num>
<content>
<p>does show in the case of some of them that those matters are met,</p>
</content>
</subparagraph>
<wrapUp>
<p>the acts or failures within sub-paragraph (b) are not to count for the purposes of Article 34E as acts or failures to act in the series.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4331">
<num>13</num>
<intro>
<p>In this Article—</p>
</intro>
<subparagraph eId="d4e4337">
<num>a</num>
<content>
<p>Article 34E(2) (the resources of the employer and their value) has effect for the purpose of this Article as it has effect for the purposes of Article 34E;</p>
</content>
</subparagraph>
<subparagraph eId="d4e4343">
<num>b</num>
<content>
<p>
<term refersTo="#term-a-warning-notice">a warning notice</term>
” means a notice given as mentioned in Article 91(2)(a);
</p>
</content>
</subparagraph>
<subparagraph eId="d4e4352">
<num>c</num>
<content>
<p>a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure.</p>
</content>
</subparagraph>
</paragraph>
</article>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-reasonableness-of-issuing-contribution-notice" period="#period8">
<heading>
<em>Reasonableness of issuing contribution notice</em>
</heading>
<paragraph eId="schedule-8-paragraph-3" period="#period8">
<num>3</num>
<subparagraph eId="schedule-8-paragraph-3-1">
<num>
<noteRef href="#M_I_c8d42ee3-75db-40b6-e11a-2ddc36e5508a" marker="I135" class="commentary I"/>
1
</num>
<content>
<p>Article 34 (contribution notices where avoidance of employer debt) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-3-2">
<num>2</num>
<content>
<p>In paragraph (7) (matters that may be relevant to imposing liability), after sub-paragraph (d) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e4380">
<num>da</num>
<content>
<p>if the act or failure to act was a notifiable event for the purposes of Article 64A (duty to give notices and statements to the Regulator in respect of certain events), any failure by the person to comply with any obligation imposed on the person by Article 64A,</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-3-3">
<num>
<noteRef href="#M_I_4399dfb8-db8e-48e4-b459-5dca959557e4" marker="I136" class="commentary I"/>
3
</num>
<content>
<p>In paragraph (7), after sub-paragraph (eb) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e4396">
<num>ec</num>
<content>
<p>the effect of the act or failure to act on the value of the assets or liabilities of the scheme or any relevant transferee scheme,</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-3-4">
<num>
<noteRef href="#M_I_4399dfb8-db8e-48e4-b459-5dca959557e4" marker="I136" class="commentary I"/>
4
</num>
<content>
<p>After paragraph (7A) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4412">
<num>7B</num>
<content>
<p>In paragraph (7)(ec) “relevant transferee scheme” and the reference to the assets or liabilities of any relevant transferee scheme have the same meaning as in Article 34A.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-determination-of-sum-specified-in-a-contribution-notice" period="#period8">
<heading>
<em>Determination of sum specified in a contribution notice</em>
</heading>
<paragraph eId="schedule-8-paragraph-4" period="#period8">
<num>
<noteRef href="#M_I_b45bfe5b-882e-401d-84a4-d079b68417d5" marker="I137" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-8-paragraph-4-1">
<num>1</num>
<content>
<p>Article 35 (the sum specified in an Article 34 contribution notice) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-4-2">
<num>2</num>
<content>
<p>For paragraph (4) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4440">
<num>4</num>
<content>
<p>
For the purposes of this Article “
<term refersTo="#term-the-relevant-time">the relevant time</term>
” means the end of the scheme year which ended most recently before the day on which the Regulator gives a determination notice under Article 91(2)(d) in respect of an intended contribution notice under Article 34.
</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-4-3">
<num>3</num>
<content>
<p>Omit paragraph (4A).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-sanctions-for-failure-to-comply-with-a-contribution-notice" period="#period8">
<heading>
<em>Sanctions for failure to comply with a contribution notice</em>
</heading>
<paragraph eId="schedule-8-paragraph-5" period="#period8">
<num>
<noteRef href="#M_I_8f2c2779-9fbf-4792-e202-69f7d97c73d6" marker="I138" class="commentary I"/>
5
</num>
<subparagraph eId="schedule-8-paragraph-5-1">
<num>1</num>
<intro>
<p>In Article 36 (content and effect of an Article 34 contribution notice)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-5-1-a">
<num>a</num>
<content>
<p>after paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4477">
<num>2A</num>
<content>
<p>Without prejudice to paragraphs (3) and (7), the contribution notice must also specify a date for the purposes of Articles 38A(2) and 38B(2) (sanctions for failure to comply with a contribution notice).</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-5-1-b">
<num>b</num>
<content>
<p>in paragraph (9), after sub-paragraph (b) (and before the “and”) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e4492">
<num>ba</num>
<content>
<p>specifies the same date for the purposes of Articles 38A(2) and 38B(2) as is specified in P's contribution notice,</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-5-2">
<num>2</num>
<intro>
<p>In Article 37 (Article 34 contribution notice: relationship with employer debt)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-5-2-a">
<num>a</num>
<content>
<p>after paragraph (8) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4513">
<num>8A</num>
<intro>
<p>An application under paragraph (7) may not be made after—</p>
</intro>
<paragraph eId="d4e4519">
<num>a</num>
<content>
<p>the date specified under Article 36(2A) for the purposes of Articles 38A(2) and 38B(2) (sanctions for failure to comply with a contribution notice), or</p>
</content>
</paragraph>
<paragraph eId="d4e4525">
<num>b</num>
<content>
<p>if a different date has effect instead of that date (see paragraphs (10A) and (11B)), that different date.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-5-2-b">
<num>b</num>
<content>
<p>after paragraph (10) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4540">
<num>10A</num>
<intro>
<p>Where an application under paragraph (7) is made to the Regulator, the Regulator may, if it is of the opinion that it is appropriate to do so—</p>
</intro>
<paragraph eId="d4e4546">
<num>a</num>
<content>
<p>change the date that has effect for the purposes of Articles 38A(2) and 38B(2) (whether specified in the contribution notice or an earlier revised contribution notice), and</p>
</content>
</paragraph>
<paragraph eId="d4e4552">
<num>b</num>
<content>
<p>specify the revised date in the revised contribution notice issued under paragraph (9)(b) or, if the Regulator does not issue a revised contribution notice under paragraph (9)(b), issue a revised contribution notice specifying the revised date.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-5-2-c">
<num>c</num>
<content>
<p>after paragraph (11) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e4567">
<num>11A</num>
<intro>
<p>Paragraph (11B) applies where—</p>
</intro>
<paragraph eId="d4e4573">
<num>a</num>
<content>
<p>P's contribution notice specifies that P is jointly and severally liable for the debt with other persons, and</p>
</content>
</paragraph>
<paragraph eId="d4e4579">
<num>b</num>
<content>
<p>the Regulator issues a revised contribution notice to P under paragraph (9)(b) or (10A)(b) specifying a revised date for the purposes of Articles 38A(2) and 38B(2).</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e4585">
<num>11B</num>
<intro>
<p>Where this paragraph applies, the Regulator must—</p>
</intro>
<paragraph eId="d4e4591">
<num>a</num>
<content>
<p>change the date that has effect for the purposes of Articles 38A(2) and 38B(2) in the case of the contribution notices or revised contribution notices issued in respect of the debt to those other persons, and</p>
</content>
</paragraph>
<paragraph eId="d4e4597">
<num>b</num>
<content>
<p>specify the revised date in the revised contribution notices issued to those other persons under paragraph (11) or, if the Regulator does not issue revised contribution notices under paragraph (11), issue revised contribution notices to those other persons specifying the revised date.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-5-3">
<num>3</num>
<content>
<p>After Article 38 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e4610">
<heading>
<em>Offence of failing to comply with an Article 34 contribution notice</em>
</heading>
<article eId="d4e4614">
<num>38A</num>
<paragraph eId="d4e4618">
<num>1</num>
<content>
<p>This Article applies where a contribution notice is issued to a person under Article 34.</p>
</content>
</paragraph>
<paragraph eId="d4e4624">
<num>2</num>
<intro>
<p>If the person, without reasonable excuse, fails to pay the debt due by virtue of the contribution notice to—</p>
</intro>
<subparagraph eId="d4e4630">
<num>a</num>
<content>
<p>the trustees or managers of the scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4636">
<num>b</num>
<content>
<p>the Board (as the case may be),</p>
</content>
</subparagraph>
<wrapUp>
<p>before the date specified in the contribution notice for the purposes of this paragraph (see Article 36(2A)), the person is guilty of an offence.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4644">
<num>3</num>
<content>
<p>A person guilty of an offence under paragraph (2) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.</p>
</content>
</paragraph>
<paragraph eId="d4e4650">
<num>4</num>
<intro>
<p>Proceedings for an offence under paragraph (2) may not be instituted if an application under Article 37(7) has been made—</p>
</intro>
<subparagraph eId="d4e4656">
<num>a</num>
<content>
<p>in relation to the contribution notice, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4662">
<num>b</num>
<content>
<p>in relation to a contribution notice which is a corresponding contribution notice for the purposes of Article 36(8),</p>
</content>
</subparagraph>
<wrapUp>
<p>and the application has not been determined, withdrawn or abandoned.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4670">
<num>5</num>
<intro>
<p>Proceedings for an offence under paragraph (2) may be instituted only—</p>
</intro>
<subparagraph eId="d4e4676">
<num>a</num>
<content>
<p>by the Regulator or the Department, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4682">
<num>b</num>
<content>
<p>by or with the consent of the Director of Public Prosecutions for Northern Ireland.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-5-4">
<num>4</num>
<content>
<p>After Article 38A (inserted by sub-paragraph (3)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e4695">
<heading>
<em>Financial penalty for failure to comply with an Article 34 contribution notice</em>
</heading>
<article eId="d4e4699">
<num>38B</num>
<paragraph eId="d4e4703">
<num>1</num>
<content>
<p>This Article applies where a contribution notice is issued to a person under Article 34.</p>
</content>
</paragraph>
<paragraph eId="d4e4709">
<num>2</num>
<intro>
<p>Article 83A (financial penalties) applies to the person if the person, without reasonable excuse, fails to pay the debt due by virtue of the contribution notice to—</p>
</intro>
<subparagraph eId="d4e4715">
<num>a</num>
<content>
<p>the trustees or managers of the scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4721">
<num>b</num>
<content>
<p>the Board (as the case may be),</p>
</content>
</subparagraph>
<wrapUp>
<p>before the date specified in the contribution notice for the purposes of this paragraph (see Article 36(2A)).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4729">
<num>3</num>
<intro>
<p>The Regulator may not issue a warning notice to the person in respect of the imposition of a penalty under Article 83A as it applies by virtue of paragraph (2) if an application under Article 37(7) has been made—</p>
</intro>
<subparagraph eId="d4e4735">
<num>a</num>
<content>
<p>in relation to the contribution notice, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4741">
<num>b</num>
<content>
<p>in relation to a contribution notice which is a corresponding contribution notice for the purposes of Article 36(8),</p>
</content>
</subparagraph>
<wrapUp>
<p>and the application has not been determined, withdrawn or abandoned.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e4749">
<num>4</num>
<content>
<p>
In this Article “
<term refersTo="#term-warning-notice">warning notice</term>
” means a notice given as mentioned in Article 91(2)(a).
</p>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-sanctions-for-avoidance-of-employer-debt-etc" period="#period8">
<heading>
<em>Sanctions for avoidance of employer debt etc</em>
</heading>
<paragraph eId="schedule-8-paragraph-6" period="#period8">
<num>
<noteRef href="#M_I_c67526ac-4d19-491c-95c8-709017929d4b" marker="I139" class="commentary I"/>
6
</num>
<subparagraph eId="schedule-8-paragraph-6-1">
<num>1</num>
<content>
<p>After Article 54 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e4774">
<heading>
<em>Sanctions for avoidance of employer debt etc</em>
</heading>
<hcontainer name="PsubBlock" eId="d4e4778">
<heading>
<em>Offence of avoidance of employer debt</em>
</heading>
<article eId="d4e4782">
<num>54A</num>
<paragraph eId="d4e4786">
<num>1</num>
<intro>
<p>This Article applies in relation to an occupational pension scheme other than—</p>
</intro>
<subparagraph eId="d4e4792">
<num>a</num>
<content>
<p>a money purchase scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4798">
<num>b</num>
<content>
<p>a prescribed scheme or a scheme of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4804">
<num>2</num>
<intro>
<p>A person commits an offence only if—</p>
</intro>
<subparagraph eId="d4e4810">
<num>a</num>
<intro>
<p>the person does an act or engages in a course of conduct that—</p>
</intro>
<clause eId="d4e4816">
<num>i</num>
<content>
<p>prevents the recovery of the whole or any part of a debt which is due from the employer in relation to the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets),</p>
</content>
</clause>
<clause eId="d4e4822">
<num>ii</num>
<content>
<p>prevents such a debt becoming due,</p>
</content>
</clause>
<clause eId="d4e4828">
<num>iii</num>
<content>
<p>compromises or otherwise settles such a debt, or</p>
</content>
</clause>
<clause eId="d4e4834">
<num>iv</num>
<content>
<p>reduces the amount of such a debt which would otherwise become due,</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e4840">
<num>b</num>
<content>
<p>the person intended the act or course of conduct to have such an effect, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4846">
<num>c</num>
<content>
<p>the person did not have a reasonable excuse for doing the act or engaging in the course of conduct.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4852">
<num>3</num>
<content>
<p>A reference in this Article to an act or course of conduct includes a failure to act.</p>
</content>
</paragraph>
<paragraph eId="d4e4858">
<num>4</num>
<content>
<p>This Article does not apply to a person if the act done, or course of conduct engaged in, by the person is in accordance with the person's functions as an insolvency practitioner in relation to another person.</p>
</content>
</paragraph>
<paragraph eId="d4e4864">
<num>5</num>
<content>
<p>For the purposes of this Article a reference to a debt due under Article 75 of the 1995 Order includes a contingent debt under that Article.</p>
</content>
</paragraph>
<paragraph eId="d4e4870">
<num>6</num>
<content>
<p>Accordingly, in the case of such a contingent debt, the reference in paragraph (2)(a) to preventing a debt becoming due is to be read as including a reference to preventing the occurrence of any of the events specified in Article 75(4C)(a) or (b) of the 1995 Order upon which the debt is contingent.</p>
</content>
</paragraph>
<paragraph eId="d4e4876">
<num>7</num>
<intro>
<p>A person guilty of an offence under paragraph (2) is liable—</p>
</intro>
<subparagraph eId="d4e4882">
<num>a</num>
<content>
<p>on summary conviction, to a fine not exceeding the statutory maximum;</p>
</content>
</subparagraph>
<subparagraph eId="d4e4888">
<num>b</num>
<content>
<p>on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine, or both.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4894">
<num>8</num>
<intro>
<p>Proceedings for an offence under paragraph (2) may be instituted only—</p>
</intro>
<subparagraph eId="d4e4900">
<num>a</num>
<content>
<p>by the Regulator or the Department, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4906">
<num>b</num>
<content>
<p>by or with the consent of the Director of Public Prosecutions for Northern Ireland.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4912">
<num>9</num>
<intro>
<p>
For the purposes of this Article and Articles 54B to 54D “
<term refersTo="#term-insolvency-practitioner">insolvency practitioner</term>
”, in relation to a person, means—
</p>
</intro>
<subparagraph eId="d4e4921">
<num>a</num>
<content>
<p>a person acting as an insolvency practitioner, in relation to that person, in accordance with Article 3 of the Insolvency Order, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4927">
<num>b</num>
<content>
<p>an insolvency practitioner within the meaning of Article 105(9)(b) (persons of a prescribed description).</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
<hcontainer name="PsubBlock" eId="d4e4933">
<heading>
<em>Offence of conduct risking accrued scheme benefits</em>
</heading>
<article eId="d4e4937">
<num>54B</num>
<paragraph eId="d4e4941">
<num>1</num>
<intro>
<p>This Article applies in relation to an occupational pension scheme other than—</p>
</intro>
<subparagraph eId="d4e4947">
<num>a</num>
<content>
<p>a money purchase scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4953">
<num>b</num>
<content>
<p>a prescribed scheme or a scheme of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4959">
<num>2</num>
<intro>
<p>A person commits an offence only if—</p>
</intro>
<subparagraph eId="d4e4965">
<num>a</num>
<content>
<p>the person does an act or engages in a course of conduct that detrimentally affects in a material way the likelihood of accrued scheme benefits being received (whether the benefits are to be received as benefits under the scheme or otherwise),</p>
</content>
</subparagraph>
<subparagraph eId="d4e4971">
<num>b</num>
<content>
<p>the person knew or ought to have known that the act or course of conduct would have that effect, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4977">
<num>c</num>
<content>
<p>the person did not have a reasonable excuse for doing the act or engaging in the course of conduct.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e4983">
<num>3</num>
<content>
<p>A reference in this Article to an act or a course of conduct includes a failure to act.</p>
</content>
</paragraph>
<paragraph eId="d4e4989">
<num>4</num>
<content>
<p>A reference in this Article to accrued scheme benefits being received is a reference to benefits the rights to which have accrued by the relevant time being received by, or in respect of, the persons who were members of the scheme before that time.</p>
</content>
</paragraph>
<paragraph eId="d4e4995">
<num>5</num>
<intro>
<p>
In this Article “
<term refersTo="#term-the-relevant-time">the relevant time</term>
” means—
</p>
</intro>
<subparagraph eId="d4e5004">
<num>a</num>
<content>
<p>in the case of an act, the time of the act,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5010">
<num>b</num>
<intro>
<p>in the case of a failure to act—</p>
</intro>
<clause eId="d4e5016">
<num>i</num>
<content>
<p>the time when the failure occurred, or</p>
</content>
</clause>
<clause eId="d4e5022">
<num>ii</num>
<content>
<p>where the failure continued for a period of time, the end of that period, or</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e5028">
<num>c</num>
<content>
<p>in the case of a course of conduct, the time when the course of conduct ended.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5034">
<num>6</num>
<content>
<p>A reference in this Article to rights which have accrued is to be read in accordance with Article 67A(6) and (7) of the 1995 Order (reading any reference in those paragraphs to a subsisting right as a reference to a right which has accrued).</p>
</content>
</paragraph>
<paragraph eId="d4e5040">
<num>7</num>
<intro>
<p>For the purposes of this Article the benefits that may be received under the following provisions are to be disregarded—</p>
</intro>
<subparagraph eId="d4e5046">
<num>a</num>
<content>
<p>Chapter 3 of Part 3 (the Board of the Pension Protection Fund: pension protection), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5052">
<num>b</num>
<content>
<p>section 286 of the Pensions Act 2004 (the financial assistance scheme for members of certain pension schemes).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5058">
<num>8</num>
<content>
<p>This Article does not apply to a person if the act done, or course of conduct engaged in, by the person is in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).</p>
</content>
</paragraph>
<paragraph eId="d4e5064">
<num>9</num>
<intro>
<p>A person guilty of an offence under paragraph (2) is liable—</p>
</intro>
<subparagraph eId="d4e5070">
<num>a</num>
<content>
<p>on summary conviction, to a fine not exceeding the statutory maximum;</p>
</content>
</subparagraph>
<subparagraph eId="d4e5076">
<num>b</num>
<content>
<p>on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine, or both.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5082">
<num>10</num>
<intro>
<p>Proceedings for an offence under paragraph (2) may be instituted only—</p>
</intro>
<subparagraph eId="d4e5088">
<num>a</num>
<content>
<p>by the Regulator or the Department, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5094">
<num>b</num>
<content>
<p>by or with the consent of the Director of Public Prosecutions for Northern Ireland.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-6-2">
<num>2</num>
<content>
<p>After Article 54B (inserted by sub-paragraph (1)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e5107">
<heading>
<em>Financial penalty for avoidance of employer debt</em>
</heading>
<article eId="d4e5111">
<num>54C</num>
<paragraph eId="d4e5115">
<num>1</num>
<intro>
<p>This Article applies in relation to an occupational pension scheme other than—</p>
</intro>
<subparagraph eId="d4e5121">
<num>a</num>
<content>
<p>a money purchase scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5127">
<num>b</num>
<content>
<p>a prescribed scheme or a scheme of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5133">
<num>2</num>
<intro>
<p>Article 83A (financial penalties) applies to a person who was party to an act or deliberate failure to act the main purpose or one of the main purposes of which was—</p>
</intro>
<subparagraph eId="d4e5139">
<num>a</num>
<content>
<p>to prevent the recovery of the whole or any part of a debt which is due from the employer in relation to the scheme under Article 75 of the 1995 Order (deficiencies in the scheme assets),</p>
</content>
</subparagraph>
<subparagraph eId="d4e5145">
<num>b</num>
<content>
<p>to prevent such a debt becoming due,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5151">
<num>c</num>
<content>
<p>to compromise or otherwise settle such a debt, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5157">
<num>d</num>
<content>
<p>to reduce the amount of such a debt which would otherwise become due,</p>
</content>
</subparagraph>
<wrapUp>
<p>if it was not reasonable for the person to act or fail to act in the way that the person did.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e5165">
<num>3</num>
<content>
<p>This Article does not apply where the Regulator is of the opinion that the person, in being a party to the act or failure, was acting in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).</p>
</content>
</paragraph>
<paragraph eId="d4e5171">
<num>4</num>
<content>
<p>For the purposes of this Article a reference to a debt due under Article 75 of the 1995 Order includes a contingent debt under that Article.</p>
</content>
</paragraph>
<paragraph eId="d4e5177">
<num>5</num>
<content>
<p>Accordingly, in the case of such a contingent debt, the reference in paragraph (2) to preventing a debt becoming due is to be read as including a reference to preventing the occurrence of any of the events specified in Article 75(4C)(a) or (b) of the 1995 Order upon which the debt is contingent.</p>
</content>
</paragraph>
<paragraph eId="d4e5183">
<num>6</num>
<content>
<p>For the purposes of this Article the parties to an act or deliberate failure to act include those persons who knowingly assist in the act or failure.</p>
</content>
</paragraph>
<paragraph eId="d4e5189">
<num>7</num>
<intro>
<p>If the Regulator is of the opinion that—</p>
</intro>
<subparagraph eId="d4e5195">
<num>a</num>
<content>
<p>a person was party to a series of acts or deliberate failures to act, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5201">
<num>b</num>
<content>
<p>the requirements of paragraph (2) are met in relation to the series,</p>
</content>
</subparagraph>
<wrapUp>
<p>the series of acts or failures to act is to be regarded as an act or failure to act in relation to which the requirements of paragraph (2) are met.</p>
</wrapUp>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e5209">
<heading>
<em>Financial penalty for conduct risking accrued scheme benefits</em>
</heading>
<article eId="d4e5213">
<num>54D</num>
<paragraph eId="d4e5217">
<num>1</num>
<intro>
<p>This Article applies in relation to an occupational pension scheme other than—</p>
</intro>
<subparagraph eId="d4e5223">
<num>a</num>
<content>
<p>a money purchase scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5229">
<num>b</num>
<content>
<p>a prescribed scheme or a scheme of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5235">
<num>2</num>
<intro>
<p>Article 83A (financial penalties) applies to a person who was party to an act or deliberate failure to act that detrimentally affected in a material way the likelihood of accrued scheme benefits being received (whether the benefits are to be received as benefits under the scheme or otherwise), if—</p>
</intro>
<subparagraph eId="d4e5241">
<num>a</num>
<content>
<p>the person knew or ought to have known that the act or failure to act would have that effect, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5247">
<num>b</num>
<content>
<p>it was not reasonable for the person to act or fail to act in the way that the person did.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5253">
<num>3</num>
<content>
<p>This Article does not apply where the Regulator is of the opinion that the person, in being a party to the act or failure, was acting in accordance with the person's functions as an insolvency practitioner in relation to another person (see Article 54A(9)).</p>
</content>
</paragraph>
<paragraph eId="d4e5259">
<num>4</num>
<content>
<p>In this Article a reference to accrued scheme benefits being received is a reference to benefits the rights to which have accrued by the relevant time being received by, or in respect of, the persons who were members of the scheme before that time.</p>
</content>
</paragraph>
<paragraph eId="d4e5265">
<num>5</num>
<intro>
<p>
In this Article “
<term refersTo="#term-the-relevant-time">the relevant time</term>
” means—
</p>
</intro>
<subparagraph eId="d4e5274">
<num>a</num>
<content>
<p>in the case of an act, the time of the act;</p>
</content>
</subparagraph>
<subparagraph eId="d4e5280">
<num>b</num>
<intro>
<p>in the case of a failure to act—</p>
</intro>
<clause eId="d4e5286">
<num>i</num>
<content>
<p>the time when the failure to act occurred, or</p>
</content>
</clause>
<clause eId="d4e5292">
<num>ii</num>
<content>
<p>where the failure continued for a period of time, the end of that period;</p>
</content>
</clause>
</subparagraph>
<wrapUp>
<p>and, in the case of acts or failures to act forming part of a series, any reference in this paragraph to an act or failure to act is a reference to the last of the acts or failures in that series.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e5300">
<num>6</num>
<content>
<p>A reference in this Article to rights which have accrued is to be read in accordance with Article 67A(6) and (7) of the 1995 Order (reading any reference in those paragraphs to a subsisting right as a reference to a right which has accrued).</p>
</content>
</paragraph>
<paragraph eId="d4e5306">
<num>7</num>
<intro>
<p>In determining for the purposes of this Article whether an act or failure to act has detrimentally affected in a material way the likelihood of accrued scheme benefits being received, the following provisions are to be disregarded—</p>
</intro>
<subparagraph eId="d4e5312">
<num>a</num>
<content>
<p>Chapter 3 of Part 3 (the Board of the Pension Protection Fund: pension protection), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5318">
<num>b</num>
<content>
<p>section 286 of the Pensions Act 2004 (the financial assistance scheme for members of certain pension schemes).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5324">
<num>8</num>
<content>
<p>For the purposes of this Article the parties to an act or deliberate failure to act include those persons who knowingly assist in the act or failure.</p>
</content>
</paragraph>
<paragraph eId="d4e5330">
<num>9</num>
<intro>
<p>If the Regulator is of the opinion that—</p>
</intro>
<subparagraph eId="d4e5336">
<num>a</num>
<content>
<p>a person was party to a series of acts or deliberate failures to act, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5342">
<num>b</num>
<content>
<p>the requirements of paragraph (2) are met in relation to the series,</p>
</content>
</subparagraph>
<wrapUp>
<p>the series of acts or failures to act is to be regarded as an act or failure to act in relation to which the requirements of paragraph (2) are met.</p>
</wrapUp>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-duty-to-notify-the-regulator-of-certain-events" period="#period8">
<heading>
<em>Duty to notify the Regulator of certain events</em>
</heading>
<paragraph eId="schedule-8-paragraph-7" period="#period8">
<num>
<noteRef href="#M_I_c279b654-0922-4769-a93e-fad0e7b4fba7" marker="I140" class="commentary I"/>
7
</num>
<subparagraph eId="schedule-8-paragraph-7-1">
<num>1</num>
<intro>
<p>In Article 64 (duty to notify the Regulator of certain events)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-7-1-a">
<num>a</num>
<content>
<p>
in paragraph (7), for “Article 10 of the 1995 Order (civil penalties)” substitute
<mod>
<quotedText>“ Article 83A (financial penalties) ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-7-1-b">
<num>b</num>
<content>
<p>
in paragraph (8), for “That Article” substitute
<mod>
<quotedText>“ Article 83A ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-7-2">
<num>2</num>
<content>
<p>In Article 75 (offences of providing false or misleading information to the Regulator), in paragraph (1)(a), after head (ii) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<clause eId="d4e5390">
<num>iia</num>
<content>
<p>Article 64 (duty to notify the Regulator of certain events),</p>
</content>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-duty-to-give-notices-and-statements-to-the-regulator-in-respect-of-certain-events" period="#period6">
<heading>
<em>Duty to give notices and statements to the Regulator in respect of certain events</em>
</heading>
<paragraph eId="schedule-8-paragraph-8" period="#period6">
<num>8</num>
<subparagraph eId="schedule-8-paragraph-8-1" period="#period6">
<num>
<noteRef href="#key-f25812334905b59ae8ccd82b7fc5dc32" marker="I111" class="commentary I"/>
1
</num>
<content>
<p>After Article 64 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e5414">
<heading>
<em>Duty to give notices and statements to the Regulator in respect of certain events</em>
</heading>
<article eId="d4e5418">
<num>64A</num>
<paragraph eId="d4e5422">
<num>1</num>
<intro>
<p>Except where the Regulator otherwise directs, the appropriate person must—</p>
</intro>
<subparagraph eId="d4e5428">
<num>a</num>
<content>
<p>give notice to the Regulator of any notifiable event;</p>
</content>
</subparagraph>
<subparagraph eId="d4e5434">
<num>b</num>
<content>
<p>give notice to the Regulator of any material change in, or in the expected effects of, a notifiable event;</p>
</content>
</subparagraph>
<subparagraph eId="d4e5440">
<num>c</num>
<content>
<p>give notice to the Regulator if a notifiable event is not going to, or does not, take place.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5446">
<num>2</num>
<content>
<p>
In paragraph (1) “
<term refersTo="#term-notifiable-event">notifiable event</term>
” means a prescribed event in respect of the employer in relation to an eligible scheme.
</p>
</content>
</paragraph>
<paragraph eId="d4e5455">
<num>3</num>
<intro>
<p>For the purposes of paragraph (1) each of the following is “the appropriate person”—</p>
</intro>
<subparagraph eId="d4e5461">
<num>a</num>
<content>
<p>the employer in relation to the scheme,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5467">
<num>b</num>
<content>
<p>a person connected with the employer,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5473">
<num>c</num>
<content>
<p>an associate of the employer, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5479">
<num>d</num>
<content>
<p>a person of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5485">
<num>4</num>
<content>
<p>
Regulations may make provision about the meaning of a “
<term refersTo="#term-material-change">material change</term>
” for the purposes of this Article.
</p>
</content>
</paragraph>
<paragraph eId="d4e5494">
<num>5</num>
<intro>
<p>A notice under paragraph (1) must be given to the Regulator—</p>
</intro>
<subparagraph eId="d4e5500">
<num>a</num>
<content>
<p>in the case of a notice under paragraph (1)(a), as soon as reasonably practicable after the person giving it becomes aware of the notifiable event, subject to paragraph (6),</p>
</content>
</subparagraph>
<subparagraph eId="d4e5506">
<num>b</num>
<content>
<p>in the case of a notice under paragraph (1)(b), as soon as reasonably practicable after the person giving it becomes aware of the material change, subject to paragraph (6), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5512">
<num>c</num>
<content>
<p>in the case of a notice under paragraph (1)(c), as soon as reasonably practicable after the person giving it becomes aware that the notifiable event is not going to take place or (as the case may be) did not take place.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5518">
<num>6</num>
<intro>
<p>Regulations may require a notice under paragraph (1)(a) or (b) to be given before the beginning of the prescribed period ending with—</p>
</intro>
<subparagraph eId="d4e5524">
<num>a</num>
<content>
<p>the notifiable event in question, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e5530">
<num>b</num>
<content>
<p>the material change in question.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5536">
<num>7</num>
<content>
<p>A notice under paragraph (1)(a) or (b) must be accompanied by a statement (an “accompanying statement”).</p>
</content>
</paragraph>
<paragraph eId="d4e5542">
<num>8</num>
<content>
<p>An accompanying statement must contain prescribed information.</p>
</content>
</paragraph>
<paragraph eId="d4e5548">
<num>9</num>
<intro>
<p>The information that may be prescribed under paragraph (8) includes, in particular—</p>
</intro>
<subparagraph eId="d4e5554">
<num>a</num>
<content>
<p>a description of the event,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5560">
<num>b</num>
<content>
<p>a description of any adverse effects of the event on the eligible scheme,</p>
</content>
</subparagraph>
<subparagraph eId="d4e5566">
<num>c</num>
<content>
<p>a description of any steps taken to mitigate those adverse effects, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5572">
<num>d</num>
<content>
<p>a description of any communication with the trustees or managers of the eligible scheme about the event.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5578">
<num>10</num>
<content>
<p>Where a person gives the Regulator a notice under paragraph (1), the person must give a copy of the notice and any accompanying statement to the trustees or managers of the eligible scheme at the same time.</p>
</content>
</paragraph>
<paragraph eId="d4e5584">
<num>11</num>
<content>
<p>A notice or accompanying statement under this Article must be in writing.</p>
</content>
</paragraph>
<paragraph eId="d4e5591">
<num>12</num>
<content>
<p>No duty to which a person is subject is to be regarded as contravened merely because of any information or opinion contained in a notice or accompanying statement under this Article.</p>
<p>This is subject to Article 283 (protected items).</p>
</content>
</paragraph>
<paragraph eId="d4e5600">
<num>13</num>
<content>
<p>Article 83A (financial penalties) applies to a person who, without reasonable excuse, fails to comply with an obligation imposed on the person by this Article.</p>
</content>
</paragraph>
<paragraph eId="d4e5606">
<num>14</num>
<intro>
<p>For the purposes of this Article—</p>
</intro>
<subparagraph eId="d4e5612">
<num>a</num>
<content>
<p>Article 4 of the Insolvency Order (associated persons) applies as it applies for the purposes of that Order, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e5618">
<num>b</num>
<content>
<p>Article 7 of the Insolvency Order (connected persons) applies as it applies for the purposes of any provision of Parts 2 to 7 of that Order.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e5624">
<num>15</num>
<content>
<p>In this Article—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-eligible-scheme">eligible scheme</term>
” has the meaning given by Article 110;
</p>
</item>
<item>
<p>
<term refersTo="#term-event">event</term>
” includes a failure to act.
</p>
</item>
</blockList>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-8-2">
<num>2</num>
<content>
<p>In Article 75 (offences of providing false or misleading information to the Regulator), after paragraph (1)(a)(iia) (inserted by paragraph 7(2)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<clause eId="d4e5652">
<num>iib</num>
<content>
<p>Article 64A (duty to give notices and statements to the Regulator in respect of certain events),</p>
</content>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-interviews" period="#period8">
<heading>
<em>Interviews</em>
</heading>
<paragraph eId="schedule-8-paragraph-9" period="#period8">
<num>9</num>
<subparagraph eId="schedule-8-paragraph-9-1" period="#period6">
<num>
<noteRef href="#key-722d2e41cc360680225bcb352d6dad6e" marker="I112" class="commentary I"/>
<noteRef href="#M_I_ac29ae08-820a-4554-be08-ad3b2b7d637d" marker="I149" class="commentary I"/>
1
</num>
<content>
<p>After Article 67 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e5677">
<heading>
<em>Interviews</em>
</heading>
<article eId="d4e5681">
<num>67A</num>
<paragraph eId="d4e5685">
<num>1</num>
<content>
<p>The Regulator may, by notice in writing, require any person to whom Article 67(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.</p>
</content>
</paragraph>
<paragraph eId="d4e5691">
<num>2</num>
<content>
<p>A notice under paragraph (1) must contain such other information as may be prescribed.</p>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-9-2">
<num>
<noteRef href="#M_I_e96aeb42-5e60-45f1-d7f6-95a45aea2c99" marker="I150" class="commentary I"/>
2
</num>
<content>
<p>In Article 67 (provision of information), omit paragraphs (1A) and (1B).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-9-3">
<num>
<noteRef href="#M_I_e96aeb42-5e60-45f1-d7f6-95a45aea2c99" marker="I150" class="commentary I"/>
3
</num>
<intro>
<p>In Article 72 (penalties relating to Articles 67 to 70)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-9-3-a">
<num>a</num>
<content>
<p>after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e5718">
<num>1A</num>
<intro>
<p>A person who, without reasonable excuse, neglects or refuses—</p>
</intro>
<paragraph eId="d4e5724">
<num>a</num>
<content>
<p>to attend before the Regulator as required under Article 67A(1), or</p>
</content>
</paragraph>
<paragraph eId="d4e5730">
<num>b</num>
<content>
<p>to answer a question or provide an explanation on a matter specified in the notice under Article 67A(1), when so attending before the Regulator,</p>
</content>
</paragraph>
<wrapUp>
<p>is guilty of an offence.</p>
</wrapUp>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-9-3-b">
<num>b</num>
<content>
<p>
in paragraph (3), after “paragraph (1)” insert
<mod>
<quotedText>“ , (1A) ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-9-3-c">
<num>c</num>
<content>
<p>
in paragraph (4), after “paragraph (1)” insert
<mod>
<quotedText>“ , (1A) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-inspection-of-premises" period="#period14">
<heading>
<em>Inspection of premises</em>
</heading>
<paragraph eId="schedule-8-paragraph-10" period="#period14">
<num>10</num>
<subparagraph eId="schedule-8-paragraph-10-1" period="#period14">
<num>
<noteRef href="#M_I_d1602c08-38e3-4c9e-8d9b-5de4126bdd25" marker="I141" class="commentary I"/>
<noteRef href="#key-4bd599be30ad4128ecb5a8e06da884f0" marker="I257" class="commentary I"/>
1
</num>
<content>
<p>Article 68 (inspection of premises) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-2" period="#period14">
<num>2</num>
<intro>
<p>In paragraph (2)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-10-2-a" period="#period14">
<num>
<noteRef href="#key-889e0ea16146a38013c8cd671736895b" marker="I258" class="commentary I"/>
a
</num>
<content>
<p>after sub-paragraph (da) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e5789">
<num>db</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-10-2-b" period="#period14">
<num>b</num>
<intro>
<p>in sub-paragraph (e)—</p>
</intro>
<subparagraph eId="schedule-8-paragraph-10-2-b-i">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
i
</num>
<content>
<p>
at the beginning insert
<mod>
<quotedText>“ the Pension Schemes Act 2017 and ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-2-b-ii" period="#period14">
<num>
<noteRef href="#key-889e0ea16146a38013c8cd671736895b" marker="I258" class="commentary I"/>
ii
</num>
<content>
<p>
for “(da)” substitute
<mod>
<quotedText>“ (db) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-3">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
3
</num>
<content>
<p>After paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e5831">
<num>2A</num>
<intro>
<p>An inspector may, for the purposes of investigating whether the Regulator has grounds in the case of an occupational pension scheme for issuing—</p>
</intro>
<paragraph eId="d4e5837">
<num>a</num>
<content>
<p>a contribution notice under Article 34 (contribution notices where avoidance of employer debt),</p>
</content>
</paragraph>
<paragraph eId="d4e5843">
<num>b</num>
<content>
<p>a financial support direction under Article 39 (financial support directions),</p>
</content>
</paragraph>
<paragraph eId="d4e5849">
<num>c</num>
<content>
<p>a contribution notice under Article 43 (contribution notices where non-compliance with financial support direction),</p>
</content>
</paragraph>
<paragraph eId="d4e5855">
<num>d</num>
<content>
<p>a restoration order under Article 48 (restoration orders where transactions at an undervalue),</p>
</content>
</paragraph>
<paragraph eId="d4e5861">
<num>e</num>
<content>
<p>a contribution notice under Article 51 (contribution notice where failure to comply with restoration order), or</p>
</content>
</paragraph>
<paragraph eId="d4e5867">
<num>f</num>
<content>
<p>a notice, direction or order under any corresponding provision in force in Great Britain,</p>
</content>
</paragraph>
<wrapUp>
<p>at any reasonable time enter premises liable to inspection.</p>
</wrapUp>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-4">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
4
</num>
<content>
<p>After paragraph (5) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e5883">
<num>5A</num>
<content>
<p>An inspector may, for the purposes of investigating whether the relevant provisions are being, or have been, complied with in the case of a scheme, at any reasonable time enter premises liable to inspection.</p>
</content>
</subsection>
<subsection eId="d4e5889">
<num>5B</num>
<intro>
<p>
In paragraph (5A), “
<term refersTo="#term-the-relevant-provisions">the relevant provisions</term>
” means provisions contained in or made by virtue of—
</p>
</intro>
<paragraph eId="d4e5898">
<num>a</num>
<content>
<p>such provisions of the pensions legislation as may be prescribed;</p>
</content>
</paragraph>
<paragraph eId="d4e5904">
<num>b</num>
<content>
<p>any provisions in force in Great Britain, corresponding to the provisions so prescribed.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-5">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
5
</num>
<intro>
<p>In paragraph (6) (premises liable to inspection)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-10-5-a">
<num>a</num>
<content>
<p>in sub-paragraph (b), omit the “or” at the end;</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-10-5-b">
<num>b</num>
<content>
<p>after sub-paragraph (c) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e5930">
<num>d</num>
<content>
<p>documents relevant to the administration of the business of the employer in relation to the scheme are being kept there,</p>
</content>
</paragraph>
<paragraph eId="d4e5936">
<num>e</num>
<content>
<p>the administration of the business of the employer in relation to the scheme, or work connected with that administration, is being carried out there, or</p>
</content>
</paragraph>
<paragraph eId="d4e5942">
<num>f</num>
<content>
<p>in the case of an occupational pension scheme other than a money purchase scheme, a prescribed scheme or a scheme of a prescribed description, documents relevant to a change in the ownership of the employer or of a significant asset of the employer are being kept there.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-6">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
6
</num>
<content>
<p>After paragraph (6) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e5956">
<num>6A</num>
<content>
<p>In the application of this Article in relation to a provision mentioned in paragraph (1), (2A), (3), (4) or (5A), references in this Article to “employer” are to be read as having the meaning that it has for the purposes of the provision in question.</p>
</content>
</subsection>
<subsection eId="d4e5962">
<num>6B</num>
<content>
<p>In this Article a reference to an employer in relation to an occupational pension scheme includes a reference to a person who has been the employer in relation to the scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-10-7">
<num>
<noteRef href="#M_I_b8aa652c-c2b4-4362-defd-bd294559f860" marker="I142" class="commentary I"/>
7
</num>
<content>
<p>In paragraph (7), for “this Article,” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>this Article— </p>
<p>
<term refersTo="#term-the-pensions-legislation">the pensions legislation</term>
” means any statutory provision contained in or made by virtue of—
</p>
<paragraph eId="d4e5984">
<num>a</num>
<content>
<p>the Pension Schemes Act,</p>
</content>
</paragraph>
<paragraph eId="d4e5990">
<num>b</num>
<content>
<p>Part 2 or Article 30 or 42 of the 1999 Order,</p>
</content>
</paragraph>
<paragraph eId="d4e5996">
<num>c</num>
<content>
<p>this Order,</p>
</content>
</paragraph>
<paragraph eId="d4e6002">
<num>d</num>
<content>
<p>Schedule 18 to the Pensions Act (Northern Ireland) 2015, or</p>
</content>
</paragraph>
<paragraph eId="d4e6008">
<num>e</num>
<content>
<p>section 51 or 52 of the Pension Schemes Act 2015;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-fixed-penalty-notices-and-escalating-penalty-notices" period="#period8">
<heading>
<em>Fixed penalty notices and escalating penalty notices</em>
</heading>
<paragraph eId="schedule-8-paragraph-11" period="#period8">
<num>
<noteRef href="#key-5d8a2d0038da33a52a4f648e5c493c8a" marker="I113" class="commentary I"/>
<noteRef href="#M_I_96e51409-a14f-4d30-ed3c-38b4c6f21ae8" marker="I151" class="commentary I"/>
11
</num>
<content>
<p>After Article 72 (penalties relating to Articles 67 to 70) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e6029">
<heading>
<em>Fixed penalty notices</em>
</heading>
<article eId="d4e6033">
<num>72A</num>
<paragraph eId="d4e6037">
<num>1</num>
<intro>
<p>The Regulator may issue a fixed penalty notice to a person if it considers that the person—</p>
</intro>
<subparagraph eId="d4e6043">
<num>a</num>
<content>
<p>has failed to comply with a notice under Article 67 or 67A,</p>
</content>
</subparagraph>
<subparagraph eId="d4e6049">
<num>b</num>
<content>
<p>has failed to comply with a requirement under Article 70, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e6055">
<num>c</num>
<content>
<p>has prevented or hindered an inspector exercising any power under Article 68, 69 or 70.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6061">
<num>2</num>
<content>
<p>A fixed penalty notice is a notice requiring the person to whom it is issued to pay a penalty within the period specified in the notice.</p>
</content>
</paragraph>
<paragraph eId="d4e6067">
<num>3</num>
<intro>
<p>The penalty—</p>
</intro>
<subparagraph eId="d4e6073">
<num>a</num>
<content>
<p>is to be determined in accordance with regulations, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6079">
<num>b</num>
<content>
<p>must not exceed £50,000.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6085">
<num>4</num>
<intro>
<p>A fixed penalty notice must—</p>
</intro>
<subparagraph eId="d4e6091">
<num>a</num>
<content>
<p>state the amount of the penalty;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6097">
<num>b</num>
<content>
<p>state the date by which the penalty must be paid, which must be at least 28 days after the date on which the notice is issued;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6103">
<num>c</num>
<content>
<p>state the period to which the penalty relates;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6109">
<num>d</num>
<content>
<p>specify the failure or conduct to which the penalty relates;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6115">
<num>e</num>
<content>
<p>state that the Regulator may issue an escalating penalty notice under Article 72B if the person fails to comply with a notice under Article 67 or 67A;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6121">
<num>f</num>
<content>
<p>notify the person to whom the notice is issued of the review process under section 43 of the Pensions (No. 2) Act (Northern Ireland) 2008 and the right of referral to a tribunal under section 44 of that Act (as applied by paragraph (5)).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6127">
<num>5</num>
<intro>
<p>The following sections of the Pensions (No. 2) Act (Northern Ireland) 2008 apply to a penalty notice under this Article as they apply to a penalty notice under section 40 of that Act—</p>
</intro>
<subparagraph eId="d4e6133">
<num>a</num>
<content>
<p>section 42 (penalty notices: recovery);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6139">
<num>b</num>
<content>
<p>section 43 (review of penalty notices);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6145">
<num>c</num>
<content>
<p>section 44 (references to First-tier Tribunal or Upper Tribunal).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6151">
<num>6</num>
<content>
<p>This Article does not apply in a case where section 40 of the Pensions (No. 2) Act (Northern Ireland) 2008 applies.</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e6157">
<heading>
<em>Escalating penalty notices</em>
</heading>
<article eId="d4e6161">
<num>72B</num>
<paragraph eId="d4e6165">
<num>1</num>
<content>
<p>The Regulator may issue an escalating penalty notice to a person if it considers that the person has failed to comply with a notice under Article 67 or 67A.</p>
</content>
</paragraph>
<paragraph eId="d4e6171">
<num>2</num>
<intro>
<p>But the Regulator may not issue an escalating penalty notice to a person if—</p>
</intro>
<subparagraph eId="d4e6177">
<num>a</num>
<content>
<p>the person has exercised the right of referral to a tribunal under section 44 of the Pensions (No. 2) Act (Northern Ireland) 2008 (as applied by Article 72A(5)) in respect of a fixed penalty notice issued under Article 72A in relation to that notice under Article 67 or 67A, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6183">
<num>b</num>
<content>
<p>the reference has not been determined.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6189">
<num>3</num>
<content>
<p>An escalating penalty notice is a notice requiring a person to pay an escalating penalty if the person fails to comply with a notice under Article 67 or 67A before a specified date.</p>
</content>
</paragraph>
<paragraph eId="d4e6195">
<num>4</num>
<content>
<p>An escalating penalty is a penalty which is calculated by reference to a daily rate.</p>
</content>
</paragraph>
<paragraph eId="d4e6201">
<num>5</num>
<intro>
<p>The daily rate—</p>
</intro>
<subparagraph eId="d4e6207">
<num>a</num>
<content>
<p>is to be determined in accordance with regulations, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6213">
<num>b</num>
<content>
<p>must not exceed £10,000.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6219">
<num>6</num>
<intro>
<p>An escalating penalty notice must—</p>
</intro>
<subparagraph eId="d4e6225">
<num>a</num>
<content>
<p>specify the failure to which the penalty relates;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6231">
<num>b</num>
<content>
<p>state that, if the person fails to comply with the notice under Article 67 or 67A before a specified date, the person will be liable to pay an escalating penalty;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6237">
<num>c</num>
<content>
<p>state the daily rate of the escalating penalty and the way in which the penalty is calculated;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6243">
<num>d</num>
<content>
<p>state the date from which the escalating penalty will be payable, which must not be earlier than the date specified in the fixed penalty notice under Article 72A(4)(b);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6249">
<num>e</num>
<content>
<p>state that the escalating penalty will continue to be payable at the daily rate until the date on which the person complies with the notice under Article 67 or 67A or such earlier date as the Regulator may determine;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6255">
<num>f</num>
<content>
<p>notify the person to whom the notice is issued of the review process under section 43 of the Pensions (No. 2) Act (Northern Ireland) 2008 and the right of referral to a tribunal under section 44 of that Act (as applied by paragraph (7)).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6261">
<num>7</num>
<intro>
<p>The following sections of the Pensions (No. 2) Act (Northern Ireland) 2008 apply to an escalating penalty notice under this Article as they apply to an escalating penalty notice under section 41 of that Act—</p>
</intro>
<subparagraph eId="d4e6267">
<num>a</num>
<content>
<p>section 42 (penalty notices: recovery);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6273">
<num>b</num>
<content>
<p>section 43 (review of penalty notices);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6279">
<num>c</num>
<content>
<p>section 44 (references to First-tier Tribunal or Upper Tribunal).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6285">
<num>8</num>
<content>
<p>This Article does not apply in a case where section 41 of the Pensions (No. 2) Act (Northern Ireland) 2008 applies.</p>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-provision-of-false-or-misleading-information-to-regulator" period="#period14">
<heading>
<em>Provision of false or misleading information to Regulator</em>
</heading>
<paragraph eId="schedule-8-paragraph-12" period="#period14">
<num>
<noteRef href="#M_I_afd966e5-d233-49e8-d290-d4b08263e723" marker="I143" class="commentary I"/>
<noteRef href="#key-a1617c848210ecf8ee42f92288fefe97" marker="I259" class="commentary I"/>
12
</num>
<content>
<p>After Article 75 (offences of providing false or misleading information) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e6304">
<heading>
<em>Financial penalty for providing false or misleading information to Regulator</em>
</heading>
<article eId="d4e6308">
<num>75A</num>
<paragraph eId="d4e6312">
<num>1</num>
<content>
<p>Article 83A (financial penalties) applies to a person who has knowingly or recklessly provided the Regulator with information which is false or misleading in a material particular, if the information was provided to the Regulator in the circumstances mentioned in paragraph (2)(a), (b) or (c).</p>
</content>
</paragraph>
<paragraph eId="d4e6318">
<num>2</num>
<intro>
<p>The circumstances referred to in paragraph (1) are—</p>
</intro>
<subparagraph eId="d4e6324">
<num>a</num>
<intro>
<p>that the information was provided in purported compliance with a requirement under—</p>
</intro>
<clause eId="d4e6330">
<num>i</num>
<content>
<p>Article 57 (the register: duties of trustees or managers),</p>
</content>
</clause>
<clause eId="d4e6336">
<num>ii</num>
<content>
<p>Article 59 (duty of trustees or managers to provide scheme return),</p>
</content>
</clause>
<clause eId="d4e6342">
<num>iii</num>
<content>
<p>Article 64 (duty to notify the Regulator of certain events),</p>
</content>
</clause>
<clause eId="d4e6348">
<num>iv</num>
<content>
<p>Article 64A (duty to give notices and statements to the Regulator in respect of certain events),</p>
</content>
</clause>
<clause eId="d4e6354">
<num>v</num>
<content>
<p>Article 67 (provision of information),</p>
</content>
</clause>
<clause eId="d4e6360">
<num>vi</num>
<content>
<p>Article 67A (interviews),</p>
</content>
</clause>
<clause eId="d4e6366">
<num>vii</num>
<content>
<p>Article 70 (inspection of premises: powers of inspectors), or</p>
</content>
</clause>
<clause eId="d4e6372">
<num>viii</num>
<content>
<p>regulations under section 11 of the Pensions (No. 2) Act (Northern Ireland) 2008 (information about employers' duties to be given to the Regulator);</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e6378">
<num>b</num>
<content>
<p>that the information is provided in applying for registration of a pension scheme under Article 4 of the 1999 Order (registration of stakeholder pension schemes);</p>
</content>
</subparagraph>
<subparagraph eId="d4e6384">
<num>c</num>
<intro>
<p>that the information was provided otherwise than as mentioned in sub-paragraph (a) or (b) but in circumstances in which the person providing the information intends, or could reasonably be expected to know, that it would be used by the Regulator for the purpose of exercising its functions under—</p>
</intro>
<clause eId="d4e6390">
<num>i</num>
<content>
<p>the 1995 Order,</p>
</content>
</clause>
<clause eId="d4e6396">
<num>ii</num>
<content>
<p>this Order,</p>
</content>
</clause>
<clause eId="d4e6402">
<num>iii</num>
<content>
<p>the Pensions (No. 2) Act (Northern Ireland) 2008,</p>
</content>
</clause>
<clause eId="d4e6408">
<num>iv</num>
<content>
<p>Schedule 18 to the Pensions Act (Northern Ireland) 2015, or</p>
</content>
</clause>
<clause eId="d4e6414">
<num>v</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021.</p>
</content>
</clause>
</subparagraph>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-provision-of-false-or-misleading-information-to-trustees-or-managers" period="#period8">
<heading>
<em>Provision of false or misleading information to trustees or managers</em>
</heading>
<paragraph eId="schedule-8-paragraph-13" period="#period8">
<num>
<noteRef href="#M_I_39dc77af-4f56-4ac8-a5cc-89184c564a82" marker="I144" class="commentary I"/>
13
</num>
<content>
<p>After Article 75A (inserted by paragraph 12) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e6432">
<heading>
<em>Financial penalty for providing false or misleading information to trustees or managers</em>
</heading>
<article eId="d4e6436">
<num>75B</num>
<paragraph eId="d4e6440">
<num>1</num>
<intro>
<p>This Article applies in relation to an occupational pension scheme other than—</p>
</intro>
<subparagraph eId="d4e6446">
<num>a</num>
<content>
<p>a money purchase scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e6452">
<num>b</num>
<content>
<p>a prescribed scheme or a scheme of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6458">
<num>2</num>
<content>
<p>Article 83A (financial penalties) applies to a person who has knowingly or recklessly provided a trustee or manager of the scheme with information which is false or misleading in a material particular, if the information was provided to the trustee or manager of the scheme in the circumstances mentioned in paragraph (3)(a) or (b).</p>
</content>
</paragraph>
<paragraph eId="d4e6464">
<num>3</num>
<intro>
<p>The circumstances referred to in paragraph (2) are—</p>
</intro>
<subparagraph eId="d4e6470">
<num>a</num>
<intro>
<p>that the information was provided in purported compliance with a requirement under—</p>
</intro>
<clause eId="d4e6476">
<num>i</num>
<content>
<p>regulations under Article 9 of the Superannuation (Northern Ireland) Order 1972 (superannuation of persons employed in local government service etc),</p>
</content>
</clause>
<clause eId="d4e6482">
<num>ii</num>
<content>
<p>regulations under section 109A of the Pension Schemes Act (power to require disclosure of information about transfers from one scheme to another),</p>
</content>
</clause>
<clause eId="d4e6488">
<num>iii</num>
<content>
<p>Article 22(2B)(c) of the 1995 Order (insolvency practitioner or official receiver to give notice of certain events to trustees of scheme),</p>
</content>
</clause>
<clause eId="d4e6494">
<num>iv</num>
<content>
<p>Article 26 of that Order (insolvency practitioner or official receiver to give information to trustees),</p>
</content>
</clause>
<clause eId="d4e6500">
<num>v</num>
<content>
<p>regulations under Article 47(9) of that Order (power to impose duties on employers, auditors and actuaries to disclose information),</p>
</content>
</clause>
<clause eId="d4e6506">
<num>vi</num>
<content>
<p>a direction under Article 72B of that Order (directions by Regulator for facilitating winding up of scheme);</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e6512">
<num>b</num>
<content>
<p>that the information was provided otherwise than as mentioned in sub-paragraph (a) but in circumstances in which the person providing the information intends, or could reasonably be expected to know, that it would be used by the trustee or manager who receives it in that person's capacity as a trustee or manager of the scheme.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-1-crossheading-financial-penalties" period="#period8">
<heading>
<em>Financial penalties</em>
</heading>
<paragraph eId="schedule-8-paragraph-14" period="#period8">
<num>
<noteRef href="#M_I_026d9656-00e3-49c1-c3ad-7f4d90e25ceb" marker="I145" class="commentary I"/>
14
</num>
<content>
<p>After Article 83 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e6530">
<heading>
<em>Financial penalties</em>
</heading>
<hcontainer name="PsubBlock" eId="d4e6534">
<heading>
<em>Financial penalties</em>
</heading>
<article eId="d4e6538">
<num>83A</num>
<paragraph eId="d4e6542">
<num>1</num>
<content>
<p>Where the Regulator is satisfied that by reason of an act this Article applies to a person, the Regulator may issue a notice to the person requiring the person to pay a penalty in respect of that act of an amount specified in the notice within a period specified in the notice.</p>
</content>
</paragraph>
<paragraph eId="d4e6548">
<num>2</num>
<content>
<p>The amount of the penalty is to be an amount, not exceeding £1 million, determined by the Regulator.</p>
</content>
</paragraph>
<paragraph eId="d4e6554">
<num>3</num>
<content>
<p>Regulations may amend paragraph (2) by substituting a higher amount for the amount for the time being specified in paragraph (2).</p>
</content>
</paragraph>
<paragraph eId="d4e6560">
<num>4</num>
<content>
<p>The date on which the period specified in the notice ends must be at least 28 days after the date on which the notice is issued.</p>
</content>
</paragraph>
<paragraph eId="d4e6566">
<num>5</num>
<content>
<p>The notice must specify the provision by virtue of which the penalty is imposed.</p>
</content>
</paragraph>
<paragraph eId="d4e6572">
<num>6</num>
<intro>
<p>Where—</p>
</intro>
<subparagraph eId="d4e6578">
<num>a</num>
<content>
<p>a penalty under this Article may, apart from this paragraph, be imposed on a body corporate, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6584">
<num>b</num>
<content>
<p>the act in question was done with the consent or connivance of a director, manager, secretary or other similar officer of the body or a person purporting to act in any such capacity,</p>
</content>
</subparagraph>
<wrapUp>
<p>this Article applies to that person.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e6592">
<num>7</num>
<content>
<p>Where the affairs of a body corporate are managed by its members, paragraph (6) applies in relation to the acts of a member in connection with the member's functions of management as to a director of a body corporate.</p>
</content>
</paragraph>
<paragraph eId="d4e6598">
<num>8</num>
<intro>
<p>Where—</p>
</intro>
<subparagraph eId="d4e6604">
<num>a</num>
<content>
<p>a penalty under this Article may, apart from this paragraph, be imposed on a Scottish partnership, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6610">
<num>b</num>
<content>
<p>the act in question was done with the consent or connivance of a partner,</p>
</content>
</subparagraph>
<wrapUp>
<p>this Article applies to that person.</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e6618">
<num>9</num>
<content>
<p>If the Regulator requires a person to pay a penalty under this Article by virtue of paragraph (6) or (8), it may not also require the body corporate or the Scottish partnership to pay a penalty under this Article in respect of the same act.</p>
</content>
</paragraph>
<paragraph eId="d4e6624">
<num>10</num>
<intro>
<p>The Regulator may not issue a notice under this Article to a person in relation to an act if—</p>
</intro>
<subparagraph eId="d4e6630">
<num>a</num>
<content>
<p>the person has been convicted of an offence in respect of the same act, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e6636">
<num>b</num>
<content>
<p>criminal proceedings for the offence have been instituted against the person in respect of the act and the proceedings have not been concluded.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6642">
<num>11</num>
<content>
<p>The Regulator may not issue a notice under this Article to a person in respect of an act if the Regulator has required the person to pay a penalty under Article 10 of the 1995 Order (civil penalties) in respect of the same act.</p>
</content>
</paragraph>
<paragraph eId="d4e6649">
<num>12</num>
<content>
<p>
In this Article “
<term refersTo="#term-act">act</term>
” includes omission.
</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="PsubBlock" eId="d4e6658">
<heading>
<em>Financial penalties: time for recovery</em>
</heading>
<article eId="d4e6662">
<num>83B</num>
<paragraph eId="d4e6666">
<num>1</num>
<intro>
<p>Paragraph (3) applies where—</p>
</intro>
<subparagraph eId="d4e6672">
<num>a</num>
<content>
<p>the Regulator is satisfied that Article 83A applies to a person by virtue of Article 54C or 54D (financial penalty for avoidance of employer debt etc),</p>
</content>
</subparagraph>
<subparagraph eId="d4e6678">
<num>b</num>
<content>
<p>the Regulator issues a notice under Article 83A requiring the person to pay a penalty in respect of the act or failure to act in question, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6684">
<num>c</num>
<content>
<p>when the notice under Article 83A is issued, the person is subject to one or more contribution notices issued under Article 34 (contribution notices where avoidance of employer debt).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6690">
<num>2</num>
<content>
<p>Paragraph (3) does not apply if, when the notice under Article 83A is issued, a qualifying insolvency event has occurred in relation to the employer in relation to the scheme by reference to which the penalty under Article 83A is imposed.</p>
</content>
</paragraph>
<paragraph eId="d4e6696">
<num>3</num>
<intro>
<p>The Regulator may not take any step to recover the penalty specified in the notice under Article 83A (including accepting an amount offered in payment or part payment of the penalty) until after—</p>
</intro>
<subparagraph eId="d4e6702">
<num>a</num>
<content>
<p>the relevant date relating to the contribution notice or (as the case may be) the latest of the relevant dates relating to the contribution notices, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e6708">
<num>b</num>
<content>
<p>if sooner, the date on which a qualifying insolvency event occurs in relation to the employer in relation to the scheme by reference to which the penalty under Article 83A is imposed.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e6714">
<num>4</num>
<content>
<p>In this Article—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-qualifying-insolvency-event">qualifying insolvency event</term>
” has the meaning given by Article 111(3);
</p>
</item>
<item>
<p>
<term refersTo="#term-the-relevant-date">the relevant date</term>
” means, in relation to a contribution notice issued under Article 34—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>the date specified under Article 36(2A) for the purposes of Articles 38A(2) and 38B(2), disregarding any date that has effect instead of that date by virtue of Article 37(10A) or (11B), or</p>
</item>
<item>
<num>b</num>
<p>if sooner, the date on which the sum specified in the contribution notice is paid.</p>
</item>
</blockList>
</item>
</blockList>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="PsubBlock" eId="d4e6744">
<heading>
<em>Financial penalties: recovery</em>
</heading>
<article eId="d4e6748">
<num>83C</num>
<paragraph eId="d4e6752">
<num>1</num>
<content>
<p>A penalty under Article 83A is recoverable by the Regulator.</p>
</content>
</paragraph>
<paragraph eId="d4e6758">
<num>2</num>
<content>
<p>Such a penalty is, if the county court so orders, recoverable under Article 4 of the Judgments Enforcement (Northern Ireland) Order 1981 or otherwise as if it were payable under an order of that court.</p>
</content>
</paragraph>
<paragraph eId="d4e6764">
<num>3</num>
<content>
<p>The Regulator must pay into the Consolidated Fund a penalty recovered under this Article.</p>
</content>
</paragraph>
</article>
</hcontainer>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="schedule-8-part-2" period="#period14">
<num>
<strong>PART 2</strong>
</num>
<heading>Minor and consequential amendments</heading>
<hcontainer name="crossheading" eId="schedule-8-part-2-crossheading-pensions-northern-ireland-order-1995-si-19953213-ni-22" period="#period8">
<heading>
<em>Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))</em>
</heading>
<paragraph eId="schedule-8-paragraph-15" period="#period8">
<num>
<noteRef href="#M_I_7447ce22-4ee3-4c21-d5fa-92150cf5a85d" marker="I152" class="commentary I"/>
15
</num>
<content>
<p>In Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) after paragraph (9) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e6788">
<num>10</num>
<content>
<p>The Authority may not require a person to pay a penalty under this Article in respect of an act or omission if the Authority have issued a notice to the person under Article 83A of the Pensions (Northern Ireland) Order 2005 (financial penalties) in respect of the same act or omission.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-2-crossheading-pensions-northern-ireland-order-2005-si-2005255-ni-1" period="#period14">
<heading>
<em>Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))</em>
</heading>
<paragraph eId="schedule-8-paragraph-16" period="#period14">
<num>
<noteRef href="#key-416deb4a568f001a52a0c252aa58a9fd" marker="I115" class="commentary I"/>
<noteRef href="#M_I_f169e0e6-4c3f-4a4f-b558-abba2e8ebe5a" marker="I153" class="commentary I"/>
<noteRef href="#key-69235777a49cf80acad37cceef48e08a" marker="I185" class="commentary I"/>
<noteRef href="#key-401e5aa707a71032f6834393cb3b7ec8" marker="I261" class="commentary I"/>
16
</num>
<content>
<p>The Pensions (Northern Ireland) Order 2005 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-17" period="#period8">
<num>
<noteRef href="#M_I_e9d651cc-2cd6-437a-b651-94e6a288572f" marker="I154" class="commentary I"/>
17
</num>
<content>
<p>In Article 34B (Article 34 contribution notice issued by reference to material detriment test: defence), in paragraph (12), for sub-paragraph (b) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e6816">
<num>b</num>
<content>
<p>a reference to party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-18" period="#period8">
<num>
<noteRef href="#M_I_5dd0042b-d570-43a2-dc15-06d1f9b254ae" marker="I155" class="commentary I"/>
18
</num>
<intro>
<p>In Article 70 (inspection of premises: powers of inspectors), in paragraph (1)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-18-a">
<num>a</num>
<content>
<p>
after “paragraph (1),” insert
<mod>
<quotedText>“ (2A), ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-18-b">
<num>b</num>
<content>
<p>
for “(3) or (4)” substitute
<mod>
<quotedText>“ (3), (4) or (5A) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-19" period="#period8">
<num>
<noteRef href="#M_I_d9c70da0-6caf-46b5-ddbf-a78e33d83f6a" marker="I156" class="commentary I"/>
19
</num>
<subparagraph eId="schedule-8-paragraph-19-1">
<num>1</num>
<content>
<p>Article 71 (inspection of premises: supplementary) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-19-2">
<num>2</num>
<intro>
<p>In paragraph (3)(a)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-19-2-a">
<num>a</num>
<content>
<p>
after “virtue of”, in the second place it occurs, insert
<mod>
<quotedText>“ Article 72A, 72B or 83A of this Order, ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-19-2-b">
<num>b</num>
<content>
<p>
for “either of them” substitute
<mod>
<quotedText>“ any of those provisions ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-19-3">
<num>3</num>
<intro>
<p>In paragraph (9)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-19-3-a">
<num>a</num>
<content>
<p>
after “(1),” insert
<mod>
<quotedText>“ (2A), ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-19-3-b">
<num>b</num>
<content>
<p>
for “(3) or (4)” substitute
<mod>
<quotedText>“ (3), (4) or (5A) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-20" period="#period8">
<num>
<noteRef href="#M_I_910341bb-6f86-44c9-edbb-9c54bc916c4b" marker="I157" class="commentary I"/>
20
</num>
<intro>
<p>In Article 73 (warrants), in paragraph (1)(c)(iii)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-20-a">
<num>a</num>
<content>
<p>
after “virtue of”, in the first place it occurs, insert
<mod>
<quotedText>“ Article 72A, 72B or 83A of this Order, ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-20-b">
<num>b</num>
<content>
<p>
for “either of them” substitute
<mod>
<quotedText>“ any of those provisions ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-21" period="#period14">
<num>
<noteRef href="#M_I_52ddac4e-4912-4bf1-a62d-e4bf2ee7e17c" marker="I158" class="commentary I"/>
<noteRef href="#key-b4d8a83fdafa899e30d9396af1d602fe" marker="I262" class="commentary I"/>
21
</num>
<subparagraph eId="schedule-8-paragraph-21-1">
<num>1</num>
<content>
<p>Article 75 (offences of providing false or misleading information) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-21-2">
<num>2</num>
<content>
<p>In paragraph (1)(a), after head (iii) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e6952">
<num>iiia</num>
<content>
<p>Article 67A (interviews),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-21-3">
<num>3</num>
<content>
<p>In paragraph (1)(c), for “under this Order or the 1995 Order” substitute</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">under— </p>
<subparagraph eId="d4e6969">
<num>i</num>
<content>
<p>the 1995 Order,</p>
</content>
</subparagraph>
<subparagraph eId="d4e6975">
<num>ii</num>
<content>
<p>this Order,</p>
</content>
</subparagraph>
<subparagraph eId="d4e6981">
<num>iii</num>
<content>
<p>the Pensions (No. 2) Act (Northern Ireland) 2008,</p>
</content>
</subparagraph>
<subparagraph eId="d4e6987">
<num>iv</num>
<content>
<p>Schedule 18 to the Pensions Act (Northern Ireland) 2015, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e6993">
<num>v</num>
<content>
<p>Part 2 of the Pension Schemes Act 2021</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-22" period="#period8">
<num>22</num>
<intro>
<p>In Article 85 (codes of practice), in paragraph (2)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-22-a" period="#period6">
<num>
<noteRef href="#key-82c74b19a87fc45457bbca7f01876fd1" marker="I116" class="commentary I"/>
a
</num>
<content>
<p>
in sub-paragraph (aa), after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-22-b">
<num>
<noteRef href="#M_I_43b5a831-e686-44c2-c678-ead13d344407" marker="I159" class="commentary I"/>
b
</num>
<content>
<p>after sub-paragraph (b) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e7025">
<num>ba</num>
<content>
<p>the discharge of the duties imposed by Article 64A (duty to give notices and statements to the Regulator in respect of certain events);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-23" period="#period8">
<num>
<noteRef href="#M_I_bb35b1f7-f3a5-40b0-85d5-64d4d27d050e" marker="I160" class="commentary I"/>
23
</num>
<subparagraph eId="schedule-8-paragraph-23-1">
<num>1</num>
<content>
<p>Article 91 (the Regulator's standard procedure in relation to its regulatory functions) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-23-2">
<num>2</num>
<content>
<p>
In paragraph (1A)(b), after “test” insert
<mod>
<quotedText>“ , the employer insolvency test or the employer resources test ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-23-3">
<num>3</num>
<intro>
<p>In paragraph (1B)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-23-3-a">
<num>a</num>
<content>
<p>
in sub-paragraph (a), after “34B,” insert
<mod>
<quotedText>“ 34D or 34F (as the case may be) ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-23-3-b">
<num>b</num>
<content>
<p>
in sub-paragraph (b), for “paragraph (2) of that Article” substitute
<mod>
<quotedText>“ Article 34B(2), 34D(2) and (3) or 34F(2) (as the case may be) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-24" period="#period8">
<num>
<noteRef href="#M_I_2467965b-d1d2-4eb3-c2c6-f6fa4f8cae8a" marker="I161" class="commentary I"/>
24
</num>
<content>
<p>
In Article 233 (no indemnification for fines or civil penalties), in paragraph (1)(b), after “virtue of” insert
<mod>
<quotedText>“ Article 72A, 72B or 83A of this Order, ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-25" period="#period8">
<num>
<noteRef href="#M_I_ec0d3950-a466-464d-fbe2-a30eb78ddee8" marker="I162" class="commentary I"/>
25
</num>
<subparagraph eId="schedule-8-paragraph-25-1">
<num>1</num>
<content>
<p>Article 282 (admissibility of statements) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-25-2">
<num>2</num>
<intro>
<p>In paragraph (3)(b)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-25-2-a">
<num>a</num>
<content>
<p>
after “financial penalty” insert
<mod>
<quotedText>“ on a relevant ground ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-25-2-b">
<num>b</num>
<content>
<p>after “virtue of—” insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e7120">
<num>ai</num>
<content>
<p>Article 83A (financial penalties),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-25-2-c">
<num>c</num>
<content>
<p>for head (i) (and the “or” following it) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e7135">
<num>i</num>
<content>
<p>section 164 of the Pension Schemes Act (breach of regulations),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7141">
<num>ia</num>
<content>
<p>Article 10 of the 1995 Order (civil penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7147">
<num>ib</num>
<content>
<p>paragraph 10 of Schedule 17 to the Pensions Act (Northern Ireland) 2015 (penalties for contravention of regulations etc),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7153">
<num>ic</num>
<content>
<p>paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc),</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-25-2-d">
<num>d</num>
<content>
<p>for head (ii) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e7168">
<num>ii</num>
<content>
<p>section 168 of the Pension Schemes Act 1993 (breach of regulations),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7174">
<num>iii</num>
<content>
<p>section 10 of the Pensions Act 1995 (civil penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7180">
<num>iv</num>
<content>
<p>section 88A of the Pensions Act 2004 (financial penalties),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7186">
<num>v</num>
<content>
<p>section 238G of that Act (penalties for contravention of regulations under section 238D),</p>
</content>
</subparagraph>
<subparagraph eId="d4e7192">
<num>vi</num>
<content>
<p>paragraph 10 of Schedule 17 to the Pensions Act 2014 (penalties for contravention of regulations etc), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7198">
<num>vii</num>
<content>
<p>paragraph 3 of Schedule 18 to that Act (penalties for contravention of regulations etc).</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-25-3">
<num>3</num>
<content>
<p>After paragraph (3) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e7211">
<num>3A</num>
<intro>
<p>For the purposes of this Article a financial penalty is payable on a relevant ground if it is payable otherwise than under—</p>
</intro>
<paragraph eId="d4e7217">
<num>a</num>
<intro>
<p>Article 83A as it applies by virtue of—</p>
</intro>
<subparagraph eId="d4e7223">
<num>i</num>
<content>
<p>Article 75A (financial penalty for providing false or misleading information to Regulator), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7229">
<num>ii</num>
<content>
<p>Article 75B (financial penalty for providing false or misleading information to trustees or managers), or</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7235">
<num>b</num>
<intro>
<p>section 88A of the Pensions Act 2004 as it applies by virtue of—</p>
</intro>
<subparagraph eId="d4e7241">
<num>i</num>
<content>
<p>section 80A of that Act (financial penalty for providing false or misleading information to Regulator), or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7247">
<num>ii</num>
<content>
<p>section 80B of that Act (financial penalty for providing false or misleading information to trustees or managers).</p>
</content>
</subparagraph>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-25-4">
<num>4</num>
<content>
<p>In paragraph (4), in the definition of “information requirement”, after paragraph (c) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e7260">
<num>"ca</num>
<content>
<p>Article 67A (requirement to attend interview etc);</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-26" period="#period8">
<num>26</num>
<subparagraph eId="schedule-8-paragraph-26-1">
<num>
<noteRef href="#M_I_9bdf8120-450d-4a59-fe98-f38789706f2b" marker="I163" class="commentary I"/>
1
</num>
<content>
<p>Article 288 (Assembly etc. control of orders and regulations) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-26-2" period="#period6">
<num>
<noteRef href="#key-39bdb376084ac7d7422c3f761ac1470e" marker="I117" class="commentary I"/>
2
</num>
<content>
<p>In paragraph (3) (orders and regulations subject to confirmatory procedure), after sub-paragraph (aa) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e7288">
<num>aaa</num>
<content>
<p>regulations under Article 34E(2)(a) (Article 34 contribution notice: constitution of resources of employer);</p>
</content>
</paragraph>
<paragraph eId="d4e7294">
<num>aab</num>
<content>
<p>regulations under Article 34E(2)(b) (Article 34 contribution notice: valuation of resources of employer);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-26-3">
<num>
<noteRef href="#M_I_9bdf8120-450d-4a59-fe98-f38789706f2b" marker="I163" class="commentary I"/>
3
</num>
<content>
<p>In paragraph (3), after sub-paragraph (ab) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e7310">
<num>ac</num>
<content>
<p>regulations under Article 54A(1) (offence of avoidance of employer debt: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e7316">
<num>ad</num>
<content>
<p>regulations under Article 54B(1) (offence of conduct risking accrued scheme benefits: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e7322">
<num>ae</num>
<content>
<p>regulations under Article 54C(1) (financial penalty for avoidance of employer debt: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e7328">
<num>af</num>
<content>
<p>regulations under Article 54D(1) (financial penalty for conduct risking accrued scheme benefits: power to except certain schemes);</p>
</content>
</paragraph>
<paragraph eId="d4e7334">
<num>ag</num>
<content>
<p>regulations under Article 68(5B)(a) (inspection of premises: power to specify provisions by reference to which there may be inspection);</p>
</content>
</paragraph>
<paragraph eId="d4e7340">
<num>ah</num>
<content>
<p>regulations under Article 83A(3) (financial penalties: power to amend maximum amount of penalty);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-27" period="#period13">
<num>
<noteRef href="#key-bd01d211d7ce19e90c2961c8485e1fc7" marker="I186" class="commentary I"/>
27
</num>
<content>
<p>In Schedule 1 (the Pensions Regulator), in Part 1 (delegation), in paragraph 2(2), after paragraph (d) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<paragraph eId="d4e7356">
<num>da</num>
<content>
<p>the power to issue a notice under Article 67A;</p>
</content>
</paragraph>
<paragraph eId="d4e7362">
<num>db</num>
<content>
<p>the power to issue a fixed penalty notice under Article 72A;</p>
</content>
</paragraph>
<paragraph eId="d4e7368">
<num>dc</num>
<content>
<p>the power to issue an escalating penalty notice under Article 72B;</p>
</content>
</paragraph>
<paragraph eId="d4e7374">
<num>dd</num>
<content>
<p>the power to require payment of a penalty under Article 83A;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-28" period="#period13">
<num>
<noteRef href="#key-088582108ed3604d3bed6b56c834a415" marker="I187" class="commentary I"/>
28
</num>
<content>
<p>In Schedule 2 (the reserved regulatory functions), after paragraph 41 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<paragraph eId="d4e7390">
<num>41A</num>
<content>
<p>The power to require a person to pay a penalty under Article 83A.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-8-part-2-crossheading-pensions-no-2-act-northern-ireland-2008-c-13-ni" period="#period13">
<heading>
<em>Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))</em>
</heading>
<paragraph eId="schedule-8-paragraph-29" period="#period13">
<num>
<noteRef href="#key-d469f6814201b78f7856d0801053b32b" marker="I188" class="commentary I"/>
29
</num>
<content>
<p>The Pensions (No. 2) Act (Northern Ireland) 2008 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-30" period="#period13">
<num>
<noteRef href="#key-84695d7be0ce0fc23b91030970a8074b" marker="I189" class="commentary I"/>
30
</num>
<intro>
<p>In section 40 (fixed penalty notices), in subsection (1)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-30-a">
<num>a</num>
<content>
<p>omit the “or” after paragraph (c);</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-30-b">
<num>b</num>
<content>
<p>after paragraph (d) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e7429">
<num>e</num>
<content>
<p>a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of its functions under or by virtue of this Part.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-31" period="#period13">
<num>
<noteRef href="#key-1741a0f4bb19c1fc56702db100da113b" marker="I190" class="commentary I"/>
31
</num>
<intro>
<p>In section 41 (escalating penalty notices), in subsection (1)—</p>
</intro>
<paragraph eId="schedule-8-paragraph-31-a">
<num>a</num>
<content>
<p>omit the “or” after paragraph (c);</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-31-b">
<num>b</num>
<content>
<p>after paragraph (d) insert</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p class="run-on">, or </p>
<paragraph eId="d4e7457">
<num>e</num>
<content>
<p>a notice issued under Article 67A of that Order (interviews), so far as relevant to the exercise of its functions under or by virtue of this Part.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-9" period="#period2">
<num>
SCHEDULE 9
<authorialNote class="referenceNote" placement="right">
<p> Section 120</p>
</authorialNote>
</num>
<heading>Pensions dashboards: Northern Ireland</heading>
<hcontainer name="crossheading" eId="schedule-9-crossheading-introductory" period="#period2">
<heading>
<em>Introductory</em>
</heading>
<paragraph eId="schedule-9-paragraph-1" period="#period2">
<num>
<noteRef href="#c24498321" marker="I75" class="commentary I"/>
1
</num>
<content>
<p>The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-9-crossheading-qualifying-pensions-dashboard-service" period="#period2">
<heading>
<em>Qualifying pensions dashboard service</em>
</heading>
<paragraph eId="schedule-9-paragraph-2" period="#period2">
<num>
<noteRef href="#c24498331" marker="I76" class="commentary I"/>
2
</num>
<content>
<p>After Article 215 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e7495">
<heading>
<em>Pensions dashboards</em>
</heading>
<hcontainer name="PsubBlock" eId="d4e7499">
<heading>
<em>Qualifying pensions dashboard service</em>
</heading>
<article eId="d4e7503">
<num>215A</num>
<paragraph eId="d4e7507">
<num>1</num>
<content>
<p>A pensions dashboard service is an electronic communications service by means of which information about pensions may be requested by, and provided to, an individual or a person authorised by the individual.</p>
</content>
</paragraph>
<paragraph eId="d4e7513">
<num>2</num>
<content>
<p>
<term refersTo="#term-qualifying-pensions-dashboard-service">Qualifying pensions dashboard service</term>
” means a pensions dashboard service in relation to which prescribed requirements are satisfied.
</p>
</content>
</paragraph>
<paragraph eId="d4e7522">
<num>3</num>
<intro>
<p>Requirements prescribed under paragraph (2) may, in particular, relate to—</p>
</intro>
<subparagraph eId="d4e7528">
<num>a</num>
<content>
<p>what relevant and other information is to be provided, how it is to be provided and the circumstances in which it is to be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7534">
<num>b</num>
<content>
<p>how the pensions dashboard service is to be established, maintained and operated.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7540">
<num>4</num>
<intro>
<p>
In paragraph (3)(a) “
<term refersTo="#term-relevant-information">relevant information</term>
” means—
</p>
</intro>
<subparagraph eId="d4e7549">
<num>a</num>
<intro>
<p>information of a prescribed description about—</p>
</intro>
<clause eId="d4e7555">
<num>i</num>
<content>
<p>state pensions;</p>
</content>
</clause>
<clause eId="d4e7561">
<num>ii</num>
<content>
<p>basic or additional retirement pensions;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e7567">
<num>b</num>
<content>
<p>state pension information relating to the individual in question of such description as may be prescribed;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7573">
<num>c</num>
<content>
<p>information of a prescribed description about occupational or personal pension schemes or a prescribed description of occupational or personal pension schemes;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7579">
<num>d</num>
<content>
<p>information relating to the individual in question and particular occupational or personal pension schemes of such description as may be prescribed.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7585">
<num>5</num>
<intro>
<p>Requirements prescribed under paragraph (2) may, in particular—</p>
</intro>
<subparagraph eId="d4e7591">
<num>a</num>
<intro>
<p>require the pensions dashboard service to comply with standards, specifications or technical requirements published from time to time by—</p>
</intro>
<clause eId="d4e7597">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e7603">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e7609">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e7615">
<num>b</num>
<content>
<p>require the provider of the pensions dashboard service to satisfy prescribed conditions;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7621">
<num>c</num>
<intro>
<p>require the provider of the pensions dashboard service to be a person approved from time to time by—</p>
</intro>
<clause eId="d4e7627">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e7633">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e7639">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e7645">
<num>d</num>
<content>
<p>require the provider of the pensions dashboard service to provide, or not to provide, information, facilities or services specified or of a description specified in connection with the pensions dashboard service.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7651">
<num>6</num>
<intro>
<p>Requirements prescribed under paragraph (2) may include provision under which a determination may fall to be made by—</p>
</intro>
<subparagraph eId="d4e7657">
<num>a</num>
<content>
<p>the Department,</p>
</content>
</subparagraph>
<subparagraph eId="d4e7663">
<num>b</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7669">
<num>c</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
<hcontainer name="PsubBlock" eId="d4e7675">
<heading>
<em>Qualifying pension dashboard service: further provision</em>
</heading>
<article eId="d4e7679">
<num>215B</num>
<paragraph eId="d4e7683">
<num>1</num>
<intro>
<p>Requirements prescribed under Article 215A(2) may make provision about—</p>
</intro>
<subparagraph eId="d4e7689">
<num>a</num>
<content>
<p>dealing with requests for information about pensions, including provision about the use of intermediaries;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7695">
<num>b</num>
<content>
<p>the involvement of the provider of a pensions dashboard service in the arrangements for dealing with requests for information about pensions.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7701">
<num>2</num>
<intro>
<p>Provision made by virtue of paragraph (1) may, in particular, require—</p>
</intro>
<subparagraph eId="d4e7707">
<num>a</num>
<content>
<p>the use of electronic communications;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7713">
<num>b</num>
<content>
<p>the use of facilities or services specified or of a description specified in the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7719">
<num>c</num>
<content>
<p>the provision of assistance in connection with the establishment, maintenance or management of such facilities or services;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7725">
<num>d</num>
<content>
<p>participation in, or compliance with, arrangements for establishing, maintaining or managing such facilities or services.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7731">
<num>3</num>
<intro>
<p>The facilities and services for which provision may be made by virtue of paragraph (2)(b) may include facilities or services with functions relating to—</p>
</intro>
<subparagraph eId="d4e7737">
<num>a</num>
<content>
<p>the transmission of information,</p>
</content>
</subparagraph>
<subparagraph eId="d4e7743">
<num>b</num>
<content>
<p>verifying the identity of a person,</p>
</content>
</subparagraph>
<subparagraph eId="d4e7749">
<num>c</num>
<content>
<p>identifying the occupational or personal pension scheme or schemes under which pensions are payable to or in respect of a particular individual,</p>
</content>
</subparagraph>
<subparagraph eId="d4e7755">
<num>d</num>
<content>
<p>authenticating information transmitted by means of electronic communications, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7761">
<num>e</num>
<content>
<p>ensuring the security of information transmitted by means of electronic communications.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7767">
<num>4</num>
<intro>
<p>Regulations under paragraph (2)(b) may impose requirements as regards a facility or service, including requirements about—</p>
</intro>
<subparagraph eId="d4e7773">
<num>a</num>
<intro>
<p>compliance with standards, specifications or technical requirements published from time to time by—</p>
</intro>
<clause eId="d4e7779">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e7785">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e7791">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e7797">
<num>b</num>
<intro>
<p>the provider of the facility or service being a person approved from time to time by—</p>
</intro>
<clause eId="d4e7803">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e7809">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e7815">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e7821">
<num>5</num>
<intro>
<p>Regulations under paragraph (2)(d) may, in particular, require the provider of the pensions dashboard service—</p>
</intro>
<subparagraph eId="d4e7827">
<num>a</num>
<content>
<p>to cooperate with the Money and Pensions Service or a person specified or of a description specified in the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7833">
<num>b</num>
<content>
<p>to coordinate activities with the Money and Pensions Service or a person specified or of a description specified in the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e7839">
<num>c</num>
<content>
<p>to enable the Money and Pensions Service or a person specified or of a description specified in the regulations to monitor or audit compliance by the provider.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7845">
<num>6</num>
<intro>
<p>Except as provided by paragraph (7), regulations under Article 215A(2) may provide for the processing of personal data in accordance with the regulations not to be in breach of—</p>
</intro>
<subparagraph eId="d4e7851">
<num>a</num>
<content>
<p>any obligation of confidence owed by the person processing the personal data, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7857">
<num>b</num>
<content>
<p>any other restriction on the processing of personal data (however imposed).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7863">
<num>7</num>
<content>
<p>Regulations under Article 215A(2) are not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but in determining whether particular processing of data would do so, take into account the power conferred or duty imposed by the provision of regulations in question).</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="PsubBlock" eId="d4e7869">
<heading>
<em>Articles 215A and 215B: interpretation</em>
</heading>
<article eId="d4e7873">
<num>215C</num>
<paragraph eId="d4e7877">
<num>1</num>
<content>
<p>This Article applies for the purposes of Articles 215A and 215B.</p>
</content>
</paragraph>
<paragraph eId="d4e7883">
<num>2</num>
<intro>
<p>A reference to state pension information, in relation to an individual, is a reference to the information about that individual specified in—</p>
</intro>
<subparagraph eId="d4e7889">
<num>a</num>
<content>
<p>section 38(7) of the 2000 Act, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e7895">
<num>b</num>
<content>
<p>section 42(7) of the Child Support, Pensions and Social Security Act 2000.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e7901">
<num>3</num>
<content>
<p>A reference to the Money and Pensions Service includes a reference to a person with whom arrangements are made under section 5(1), (2) or (3) of the Financial Guidance and Claims Act 2018.</p>
</content>
</paragraph>
<paragraph eId="d4e7907">
<num>4</num>
<content>
<p>In Articles 215A and 215B—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-additional-retirement-pension">additional retirement pension</term>
” means—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>any additional pension or shared additional pension under—</p>
<blockList class="ordered">
<item>
<num>i</num>
<p>the Contributions and Benefits Act, or</p>
</item>
<item>
<num>ii</num>
<p>the Social Security Contributions and Benefits Act 1992, or</p>
</item>
</blockList>
</item>
<item>
<num>b</num>
<p>any graduated retirement benefit under—</p>
<blockList class="ordered">
<item>
<num>i</num>
<p>sections 35 and 36 of the National Insurance Act (Northern Ireland) 1966, or</p>
</item>
<item>
<num>ii</num>
<p>sections 36 and 37 of the National Insurance Act 1965;</p>
</item>
</blockList>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-basic-retirement-pension">basic retirement pension</term>
” means any basic pension under—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>the Contributions and Benefits Act, or</p>
</item>
<item>
<num>b</num>
<p>the Social Security Contributions and Benefits Act 1992;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>
” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
</p>
</item>
<item>
<p>
<term refersTo="#term-electronic-communications-service">electronic communications service</term>
” has the meaning given by section 32 of the Communications Act 2003;
</p>
</item>
<item>
<p>
<term refersTo="#term-personal-data">personal data</term>
” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
</p>
</item>
<item>
<p>
<term refersTo="#term-state-pension">state pension</term>
” means any state pension under—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>Part 1 of the Pensions Act (Northern Ireland) 2015, or</p>
</item>
<item>
<num>b</num>
<p>Part 1 of the Pensions Act 2014.</p>
</item>
</blockList>
</item>
</blockList>
</content>
</paragraph>
</article>
</hcontainer>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-9-crossheading-information-from-occupational-pension-schemes" period="#period2">
<heading>
<em>Information from occupational pension schemes</em>
</heading>
<paragraph eId="schedule-9-paragraph-3" period="#period2">
<num>
<noteRef href="#c24498341" marker="I77" class="commentary I"/>
3
</num>
<content>
<p>After Article 215C (inserted by paragraph 2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e8013">
<heading>
<em>Information from occupational pension schemes</em>
</heading>
<article eId="d4e8017">
<num>215D</num>
<paragraph eId="d4e8021">
<num>1</num>
<intro>
<p>Regulations may impose requirements on the trustees or managers of a relevant occupational pension scheme with respect to—</p>
</intro>
<subparagraph eId="d4e8027">
<num>a</num>
<intro>
<p>providing pensions information by means of—</p>
</intro>
<clause eId="d4e8033">
<num>i</num>
<content>
<p>a qualifying pensions dashboard service, or</p>
</content>
</clause>
<clause eId="d4e8039">
<num>ii</num>
<content>
<p>the pensions dashboard service provided by the Money and Pensions Service;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e8045">
<num>b</num>
<intro>
<p>facilitating the provision of pensions information by means of—</p>
</intro>
<clause eId="d4e8051">
<num>i</num>
<content>
<p>a qualifying pensions dashboard service, or</p>
</content>
</clause>
<clause eId="d4e8057">
<num>ii</num>
<content>
<p>the pensions dashboard service provided by the Money and Pensions Service.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e8063">
<num>2</num>
<intro>
<p>
In this Article “
<term refersTo="#term-pensions-information">pensions information</term>
” means, in relation to a relevant occupational pension scheme, such information as may be prescribed, which may include in particular—
</p>
</intro>
<subparagraph eId="d4e8072">
<num>a</num>
<intro>
<p>information relating to—</p>
</intro>
<clause eId="d4e8078">
<num>i</num>
<content>
<p>the constitution of the scheme,</p>
</content>
</clause>
<clause eId="d4e8084">
<num>ii</num>
<content>
<p>the administration and finances of the scheme,</p>
</content>
</clause>
<clause eId="d4e8090">
<num>iii</num>
<content>
<p>the rights and obligations that arise or may arise under the scheme,</p>
</content>
</clause>
<clause eId="d4e8096">
<num>iv</num>
<content>
<p>the pensions and other benefits an entitlement to which would be likely to accrue to a member, or be capable of being secured by a member, in respect of the rights that may arise under the scheme, and</p>
</content>
</clause>
<clause eId="d4e8102">
<num>v</num>
<content>
<p>other matters relevant to occupational pension schemes in general or to occupational pension schemes of a description to which the scheme belongs;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e8108">
<num>b</num>
<content>
<p>information as regards the position of an individual in relation to the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8114">
<num>3</num>
<intro>
<p>Regulations under paragraph (1) may, in particular, impose requirements about—</p>
</intro>
<subparagraph eId="d4e8120">
<num>a</num>
<content>
<p>the persons to whom pensions information must be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8126">
<num>b</num>
<content>
<p>the circumstances in which pensions information must be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8132">
<num>c</num>
<content>
<p>the steps to be taken before pensions information may be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8138">
<num>d</num>
<content>
<p>the manner and form in which pensions information must be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8144">
<num>e</num>
<content>
<p>the time within which pensions information must be provided;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8150">
<num>f</num>
<content>
<p>the way in which pensions information must be held.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8156">
<num>4</num>
<intro>
<p>Regulations under paragraph (1) may require the trustees or managers of a scheme to comply with standards, specifications or technical requirements published from time to time by—</p>
</intro>
<subparagraph eId="d4e8162">
<num>a</num>
<content>
<p>the Department,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8168">
<num>b</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8174">
<num>c</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8180">
<num>5</num>
<intro>
<p>Regulations under paragraph (1) may include provision under which a determination may fall to be made by—</p>
</intro>
<subparagraph eId="d4e8186">
<num>a</num>
<content>
<p>the Department,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8192">
<num>b</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8198">
<num>c</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8204">
<num>6</num>
<intro>
<p>Regulations under paragraph (1) may require the trustees or managers to provide prescribed information about their carrying out of requirements prescribed under this Article to—</p>
</intro>
<subparagraph eId="d4e8210">
<num>a</num>
<content>
<p>the Regulator,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8216">
<num>b</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8222">
<num>c</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8228">
<num>7</num>
<intro>
<p>In complying with requirements prescribed under this Article, a trustee or manager of an occupational pension scheme must have regard to guidance issued from time to time by—</p>
</intro>
<subparagraph eId="d4e8234">
<num>a</num>
<content>
<p>the Department, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8240">
<num>b</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e8246">
<heading>
<em>Information from occupational pension schemes: further provision</em>
</heading>
<article eId="d4e8250">
<num>215E</num>
<paragraph eId="d4e8254">
<num>1</num>
<intro>
<p>Regulations under Article 215D(1) may make provision about—</p>
</intro>
<subparagraph eId="d4e8260">
<num>a</num>
<content>
<p>how pensions information is to be provided, including provision about the use of intermediaries;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8266">
<num>b</num>
<content>
<p>the involvement of the trustees or managers of a scheme in the arrangements for dealing with requests for information about pensions.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8272">
<num>2</num>
<intro>
<p>The provision made by virtue of paragraph (1) may, in particular, require—</p>
</intro>
<subparagraph eId="d4e8278">
<num>a</num>
<content>
<p>the use of electronic communications;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8284">
<num>b</num>
<content>
<p>the use of facilities or services specified or of a description specified in the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8290">
<num>c</num>
<content>
<p>the provision of assistance in connection with the establishment, maintenance or management of such facilities or services;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8296">
<num>d</num>
<content>
<p>participation in, or compliance with, arrangements for establishing, maintaining or managing such facilities or services.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8302">
<num>3</num>
<intro>
<p>The facilities and services for which provision may be made by virtue of paragraph (2)(b) may include facilities or services with functions relating to—</p>
</intro>
<subparagraph eId="d4e8308">
<num>a</num>
<content>
<p>the transmission of information,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8314">
<num>b</num>
<content>
<p>verifying the identity of a person,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8320">
<num>c</num>
<content>
<p>identifying the occupational or personal pension scheme or schemes under which pensions are payable to or in respect of a particular individual,</p>
</content>
</subparagraph>
<subparagraph eId="d4e8326">
<num>d</num>
<content>
<p>authenticating information transmitted by means of electronic communications, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8332">
<num>e</num>
<content>
<p>ensuring the security of information transmitted by means of electronic communications.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8338">
<num>4</num>
<intro>
<p>Regulations under paragraph (2)(b) may impose requirements as regards a facility or service, including requirements about—</p>
</intro>
<subparagraph eId="d4e8344">
<num>a</num>
<intro>
<p>compliance with standards, specifications or technical requirements published from time to time by—</p>
</intro>
<clause eId="d4e8350">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e8356">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e8362">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e8368">
<num>b</num>
<intro>
<p>the provider of the facility or service being a person approved from time to time by—</p>
</intro>
<clause eId="d4e8374">
<num>i</num>
<content>
<p>the Department,</p>
</content>
</clause>
<clause eId="d4e8380">
<num>ii</num>
<content>
<p>the Money and Pensions Service, or</p>
</content>
</clause>
<clause eId="d4e8386">
<num>iii</num>
<content>
<p>a person specified or of a description specified in the regulations.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e8392">
<num>5</num>
<intro>
<p>Regulations under paragraph (2)(d) may, in particular, require the trustees or managers—</p>
</intro>
<subparagraph eId="d4e8398">
<num>a</num>
<content>
<p>to cooperate with the Money and Pensions Service or other persons specified or of a description specified in the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8404">
<num>b</num>
<content>
<p>to coordinate activities with the Money and Pensions Service or other persons specified or of a description specified in the regulations.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8410">
<num>6</num>
<intro>
<p>Except as provided by paragraph (7), regulations under Article 215D(1) may provide for the processing of personal data in accordance with the regulations not to be in breach of—</p>
</intro>
<subparagraph eId="d4e8416">
<num>a</num>
<content>
<p>any obligation of confidence owed by the person processing the personal data, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e8422">
<num>b</num>
<content>
<p>any other restriction on the processing of personal data (however imposed).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8428">
<num>7</num>
<content>
<p>Regulations under Article 215D(1) are not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but in determining whether particular processing of data would do so, take into account the power conferred or duty imposed by the provision of regulations in question).</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e8434">
<heading>
<em>Articles 215D and 215E: interpretation</em>
</heading>
<article eId="d4e8438">
<num>215F</num>
<paragraph eId="d4e8442">
<num>1</num>
<content>
<p>This Article has effect for the purposes of Articles 215D and 215E.</p>
</content>
</paragraph>
<paragraph eId="d4e8448">
<num>2</num>
<content>
<p>A reference to the Money and Pensions Service includes a reference to a person with whom arrangements are made under section 5(1), (2) or (3) of the Financial Guidance and Claims Act 2018.</p>
</content>
</paragraph>
<paragraph eId="d4e8454">
<num>3</num>
<content>
<p>In Articles 215D and 215E—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>
” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
</p>
</item>
<item>
<p>
<term refersTo="#term-pensions-dashboard-service">pensions dashboard service</term>
” means—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>a pensions dashboard service within the meaning of Article 215A, or</p>
</item>
<item>
<num>b</num>
<p>a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-personal-data">personal data</term>
” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
</p>
</item>
<item>
<p>
<term refersTo="#term-qualifying-pensions-dashboard-service">qualifying pensions dashboard service</term>
” means a pensions dashboard service that satisfies—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>such requirements as may be prescribed by regulations under Article 215A, or</p>
</item>
<item>
<num>b</num>
<p>such requirements as may be prescribed by regulations under section 238A of the Pensions Act 2004;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-relevant-occupational-pension-scheme">relevant occupational pension scheme</term>
” means an occupational pension scheme which is not a stakeholder pension scheme (as defined in Article 3 of the 1999 Order).
</p>
</item>
</blockList>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e8514">
<heading>
<em>Compliance</em>
</heading>
<article eId="d4e8518">
<num>215G</num>
<paragraph eId="d4e8522">
<num>1</num>
<content>
<p>Regulations may make provision with a view to securing that the trustees or managers of a relevant occupational pension scheme comply with a provision of regulations under Article 215D.</p>
</content>
</paragraph>
<paragraph eId="d4e8528">
<num>2</num>
<intro>
<p>The regulations may, among other things—</p>
</intro>
<subparagraph eId="d4e8534">
<num>a</num>
<content>
<p>provide for the Regulator to issue a notice (a “compliance notice”) to a person with a view to ensuring the person's compliance with a provision of regulations under Article 215D;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8540">
<num>b</num>
<content>
<p>provide for the Regulator to issue a notice (a “third party compliance notice”) to a person with a view to ensuring another person's compliance with a provision of the regulations;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8546">
<num>c</num>
<intro>
<p>provide for the Regulator to issue a notice (a “penalty notice”) imposing a penalty on a person where the Regulator is of the opinion that the person—</p>
</intro>
<clause eId="d4e8552">
<num>i</num>
<content>
<p>has failed to comply with a compliance notice or third party compliance notice, or</p>
</content>
</clause>
<clause eId="d4e8558">
<num>ii</num>
<content>
<p>has contravened a provision of regulations under Article 215D;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e8564">
<num>d</num>
<content>
<p>provide for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of the issue of a penalty notice or the amount of a penalty;</p>
</content>
</subparagraph>
<subparagraph eId="d4e8570">
<num>e</num>
<content>
<p>confer other functions on the Regulator.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8576">
<num>3</num>
<content>
<p>The regulations may make provision for determining the amount, or the maximum amount, of a penalty in respect of a failure or contravention.</p>
</content>
</paragraph>
<paragraph eId="d4e8582">
<num>4</num>
<intro>
<p>But the amount of a penalty imposed under the regulations in respect of a failure or contravention must not exceed—</p>
</intro>
<subparagraph eId="d4e8588">
<num>a</num>
<content>
<p>£5,000, in the case of an individual, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e8594">
<num>b</num>
<content>
<p>£50,000, in any other case.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e8600">
<num>5</num>
<content>
<p>
In this Article “
<term refersTo="#term-relevant-occupational-pension-scheme">relevant occupational pension scheme</term>
” has the meaning given by Article 215F.
</p>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-9-crossheading-admissibility-of-statements" period="#period2">
<heading>
<em>Admissibility of statements</em>
</heading>
<paragraph eId="schedule-9-paragraph-4" period="#period2">
<num>
<noteRef href="#c24498351" marker="I78" class="commentary I"/>
4
</num>
<content>
<p>In Article 282 (admissibility of statements), in paragraph (3)(b), after head (ai) (inserted by paragraph 25 of Schedule 8) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<clause eId="d4e8621">
<num>bi</num>
<content>
<p>Article 215G (penalties for contravention of regulations under Article 215D),</p>
</content>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-9-crossheading-assembly-control-of-regulations" period="#period2">
<heading>
<em>Assembly control of regulations</em>
</heading>
<paragraph eId="schedule-9-paragraph-5" period="#period2">
<num>
<noteRef href="#c24498361" marker="I79" class="commentary I"/>
5
</num>
<content>
<p>In Article 288 (Assembly etc control of orders and regulations), in paragraph (3) (orders and regulations subject to confirmatory procedure), after sub-paragraph (j) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e8641">
<num>ja</num>
<content>
<p>regulations under Article 215A (qualifying pensions dashboard service);</p>
</content>
</subparagraph>
<subparagraph eId="d4e8647">
<num>jb</num>
<content>
<p>regulations under Article 215D (information from occupational pension schemes);</p>
</content>
</subparagraph>
<subparagraph eId="d4e8653">
<num>jc</num>
<content>
<p>regulations under Article 215G (compliance with regulations under Article 215D);</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-9-crossheading-the-pensions-regulator-delegation" period="#period2">
<heading>
<em>The Pensions Regulator: delegation</em>
</heading>
<paragraph eId="schedule-9-paragraph-6" period="#period2">
<num>
<noteRef href="#c24498371" marker="I80" class="commentary I"/>
6
</num>
<content>
<p>In Schedule 1 (the Pensions Regulator), in Part 1 (delegation), in paragraph 2(2), after paragraph (e) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<paragraph eId="d4e8673">
<num>ea</num>
<content>
<p>the power to issue a compliance notice under regulations under Article 215G;</p>
</content>
</paragraph>
<paragraph eId="d4e8679">
<num>eb</num>
<content>
<p>the power to issue a third party compliance notice under regulations under Article 215G;</p>
</content>
</paragraph>
<paragraph eId="d4e8685">
<num>ec</num>
<content>
<p>the power to issue a penalty notice under regulations under Article 215G;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</hcontainer>
</hcontainer>
<hcontainer name="schedule" eId="schedule-10" period="#period3">
<num>
SCHEDULE 10
<authorialNote class="referenceNote" placement="right">
<p> Section 123</p>
</authorialNote>
</num>
<heading>Funding of defined benefit schemes</heading>
<part eId="schedule-10-part-1" period="#period3">
<num>
<strong>PART 1</strong>
</num>
<heading>Amendments of Part 3 of the Pensions Act 2004</heading>
<paragraph eId="schedule-10-paragraph-1" period="#period3">
<num>
<noteRef href="#c24498491" marker="I81" class="commentary I"/>
1
</num>
<content>
<p>Part 3 of the Pensions Act 2004 (scheme funding) is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-2" period="#period3">
<num>
<noteRef href="#c24498481" marker="I82" class="commentary I"/>
2
</num>
<content>
<p>Before section 222 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<section eId="d4e8726">
<num>221A</num>
<heading>Funding and investment strategy</heading>
<subsection eId="d4e8730">
<num>1</num>
<content>
<p>The trustees or managers must determine, and from time to time review and if necessary revise, a strategy for ensuring that pensions and other benefits under the scheme can be provided over the long term.</p>
<p>
This is referred to in this Part as a “
<term refersTo="#term-funding-and-investment-strategy">funding and investment strategy</term>
”.
</p>
</content>
</subsection>
<subsection eId="d4e8742">
<num>2</num>
<intro>
<p>The strategy must, in particular, specify—</p>
</intro>
<paragraph eId="d4e8748">
<num>a</num>
<content>
<p>the funding level the trustees or managers intend the scheme to have achieved as at the relevant date or relevant dates, and</p>
</content>
</paragraph>
<paragraph eId="d4e8754">
<num>b</num>
<content>
<p>the investments the trustees or managers intend the scheme to hold on the relevant date or relevant dates.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8760">
<num>3</num>
<intro>
<p>In subsection (2)—</p>
</intro>
<paragraph eId="d4e8766">
<num>a</num>
<content>
<p>
<term refersTo="#term-funding-level">funding level</term>
” means the ratio of the scheme's assets to its liabilities;
</p>
</content>
</paragraph>
<paragraph eId="d4e8775">
<num>b</num>
<content>
<p>
<term refersTo="#term-relevant-date">relevant date</term>
” means a date determined in accordance with regulations.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8784">
<num>4</num>
<intro>
<p>Provision may be made by regulations—</p>
</intro>
<paragraph eId="d4e8790">
<num>a</num>
<content>
<p>requiring the trustees or managers of a scheme, in determining or revising a funding and investment strategy, to take into account prescribed matters and follow prescribed principles;</p>
</content>
</paragraph>
<paragraph eId="d4e8796">
<num>b</num>
<content>
<p>as to the level of detail required in a funding and investment strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e8802">
<num>c</num>
<content>
<p>as to the period within which a funding and investment strategy must be determined;</p>
</content>
</paragraph>
<paragraph eId="d4e8808">
<num>d</num>
<content>
<p>requiring a funding and investment strategy to be reviewed, and if necessary revised, at such intervals and on such occasions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8814">
<num>5</num>
<content>
<p>The provision that may be made by virtue of subsection (4)(a) includes provision requiring the trustees or managers, in specifying a funding level for the purposes of subsection (2)(a), to adopt prescribed actuarial methods or assumptions.</p>
</content>
</subsection>
<subsection eId="d4e8820">
<num>6</num>
<content>
<p>Where any requirement of this section is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subsection>
</section>
<section eId="d4e8829">
<num>221B</num>
<heading>Statement of strategy</heading>
<subsection eId="d4e8833">
<num>1</num>
<intro>
<p>The trustees or managers must, as soon as reasonably practicable after determining or revising the scheme's funding and investment strategy, prepare a written statement of—</p>
</intro>
<paragraph eId="d4e8839">
<num>a</num>
<content>
<p>the scheme's funding and investment strategy, and</p>
</content>
</paragraph>
<paragraph eId="d4e8845">
<num>b</num>
<content>
<p>the supplementary matters set out in subsection (2).</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8851">
<num>2</num>
<intro>
<p>The supplementary matters are—</p>
</intro>
<paragraph eId="d4e8857">
<num>a</num>
<content>
<p>the extent to which, in the opinion of the trustees or managers, the funding and investment strategy is being successfully implemented and, where it is not, the steps they propose to take to remedy the position (including details as to timing);</p>
</content>
</paragraph>
<paragraph eId="d4e8863">
<num>b</num>
<content>
<p>the main risks faced by the scheme in implementing the funding and investment strategy and how the trustees or managers intend to mitigate or manage them;</p>
</content>
</paragraph>
<paragraph eId="d4e8869">
<num>c</num>
<content>
<p>reflections of the trustees or managers on any significant decisions taken by them in the past that are relevant to the funding and investment strategy (including any lessons learned that have affected other decisions or may do so in the future);</p>
</content>
</paragraph>
<paragraph eId="d4e8875">
<num>d</num>
<content>
<p>such other matters as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8881">
<num>3</num>
<intro>
<p>In this Part—</p>
</intro>
<paragraph eId="d4e8887">
<num>a</num>
<content>
<p>
a statement under subsection (1) is referred to as a “
<term refersTo="#term-statement-of-strategy">statement of strategy</term>
”;
</p>
</content>
</paragraph>
<paragraph eId="d4e8896">
<num>b</num>
<content>
<p>
the text included in a statement of strategy by virtue of subsection (1)(a) is referred to as “
<term refersTo="#term-part-1">Part 1</term>
” of the statement;
</p>
</content>
</paragraph>
<paragraph eId="d4e8905">
<num>c</num>
<content>
<p>
the text included in a statement of strategy by virtue of subsection (1)(b) is referred to as “
<term refersTo="#term-part-2">Part 2</term>
” of the statement.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8914">
<num>4</num>
<intro>
<p>The trustees or managers must from time to time, and at such times and on such occasions as may be prescribed—</p>
</intro>
<paragraph eId="d4e8920">
<num>a</num>
<content>
<p>review Part 2 of the scheme's statement of strategy, and</p>
</content>
</paragraph>
<paragraph eId="d4e8926">
<num>b</num>
<content>
<p>if necessary in the light of that review, revise that Part and prepare a replacement statement of strategy incorporating it.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8932">
<num>5</num>
<content>
<p>The trustees or managers must consult the employer when preparing or revising Part 2 of a statement of strategy.</p>
</content>
</subsection>
<subsection eId="d4e8938">
<num>6</num>
<intro>
<p>A statement of strategy prepared for a trust scheme must be signed on behalf of the trustees by a person who—</p>
</intro>
<paragraph eId="d4e8944">
<num>a</num>
<content>
<p>is the chair of the trustees, and</p>
</content>
</paragraph>
<paragraph eId="d4e8950">
<num>b</num>
<content>
<p>meets such other conditions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8956">
<num>7</num>
<content>
<p>Where subsection (6) cannot be complied with because the trustees of a trust scheme do not have a chair, they must appoint one.</p>
</content>
</subsection>
<subsection eId="d4e8962">
<num>8</num>
<intro>
<p>Provision may be made by regulations—</p>
</intro>
<paragraph eId="d4e8968">
<num>a</num>
<content>
<p>requiring the trustees or managers of a scheme, in preparing or revising Part 2 of a statement of strategy, to take into account prescribed matters and follow prescribed principles;</p>
</content>
</paragraph>
<paragraph eId="d4e8974">
<num>b</num>
<content>
<p>as to the level of detail required in Part 2 of a statement of strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e8980">
<num>c</num>
<content>
<p>as to the form of a statement of strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e8986">
<num>d</num>
<content>
<p>requiring the trustees or managers of a scheme to send a statement of strategy to the Regulator at such times and on such occasions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e8992">
<num>9</num>
<content>
<p>Where any requirement of this section is not complied with, section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subsection>
</section>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-3" period="#period3">
<num>
<noteRef href="#c24498471" marker="I83" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-10-paragraph-3-1">
<num>1</num>
<content>
<p>Section 222 (the statutory funding objective) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-3-2">
<num>2</num>
<content>
<p>After subsection (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e9016">
<num>2A</num>
<content>
<p>The scheme's technical provisions shall be calculated in a way that is consistent with the scheme's funding and investment strategy, as set out in the scheme's statement of strategy.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-3-3">
<num>3</num>
<content>
<p>
In subsection (3)(b), after “in a prescribed manner and” insert
<mod>
<quotedText>“ , subject to subsection (2A), ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-10-paragraph-4" period="#period3">
<num>
<noteRef href="#c24498461" marker="I84" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-10-paragraph-4-1">
<num>1</num>
<content>
<p>Section 224 (actuarial valuations and reports) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-4-2">
<num>2</num>
<content>
<p>After subsection (7) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e9049">
<num>7A</num>
<content>
<p>As soon as reasonably practicable after receiving an actuarial valuation, the trustees or managers must send a copy of it to the Regulator, together with such other information as may be prescribed.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-4-3">
<num>3</num>
<content>
<p>
In subsection (8), for “or (7)” substitute
<mod>
<quotedText>“ , (7) or (7A) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-10-paragraph-5" period="#period3">
<num>
<noteRef href="#c24498451" marker="I85" class="commentary I"/>
5
</num>
<content>
<p>In section 226 (recovery plan), after subsection (3) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e9072">
<num>3A</num>
<content>
<p>Provision may be made by regulations as to the matters to be taken into account, or the principles to be followed, in determining for the purposes of subsection (3) whether a recovery plan is appropriate having regard to the nature and circumstances of the scheme.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-6" period="#period3">
<num>
<noteRef href="#c24498441" marker="I86" class="commentary I"/>
6
</num>
<content>
<p>In section 229 (matters requiring agreement of employer), in subsection (1), before paragraph (a) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e9086">
<num>za</num>
<content>
<p>the scheme's funding and investment strategy, as set out in the scheme's statement of strategy;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-7" period="#period3">
<num>
<noteRef href="#c24498431" marker="I87" class="commentary I"/>
7
</num>
<subparagraph eId="schedule-10-paragraph-7-1">
<num>1</num>
<content>
<p>Section 231 (powers of the Regulator) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-7-2">
<num>2</num>
<content>
<p>In subsection (1), before paragraph (za) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e9112">
<num>zza</num>
<content>
<p>that the trustees or managers have failed to comply with any of the requirements of section 221A (funding and investment strategy) or regulations under that section;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-10-paragraph-7-3">
<num>3</num>
<content>
<p>In subsection (2), after paragraph (a) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e9127">
<num>aa</num>
<content>
<p>it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</part>
<part eId="schedule-10-part-2" period="#period3">
<num>
<strong>PART 2</strong>
</num>
<heading>Minor and consequential amendments</heading>
<paragraph eId="schedule-10-paragraph-8" period="#period3">
<num>
<noteRef href="#c24498421" marker="I88" class="commentary I"/>
8
</num>
<content>
<p>The Pensions Act 2004 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-9" period="#period3">
<num>
<noteRef href="#c24498411" marker="I89" class="commentary I"/>
9
</num>
<content>
<p>In section 60 (registrable information), in subsection (2), after paragraph (c) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e9156">
<num>ca</num>
<content>
<p>in the case of an occupational pension scheme established under a trust, the full name and address of any chair of the trustees;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-10" period="#period3">
<num>
<noteRef href="#c24498401" marker="I90" class="commentary I"/>
10
</num>
<intro>
<p>In section 80 (offences of providing false or misleading information), in subsection (1)(a)—</p>
</intro>
<paragraph eId="schedule-10-paragraph-10-a">
<num>a</num>
<content>
<p>omit the “or” at the end of sub-paragraph (iv);</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-10-b">
<num>b</num>
<content>
<p>after that sub-paragraph insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e9184">
<num>iva</num>
<content>
<p>regulations under section 221B(8)(d) (duty of trustees or managers to provide statement of strategy), or</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-10-paragraph-11" period="#period3">
<num>
<noteRef href="#c24498391" marker="I91" class="commentary I"/>
11
</num>
<content>
<p>In section 316 (Parliamentary control of subordinate legislation), in subsection (2), after paragraph (i) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e9200">
<num>ia</num>
<content>
<p>the first regulations under section 221A(4)(a) and (b) (funding and investment strategy: matters to be taken into account etc and level of detail);</p>
</content>
</paragraph>
<paragraph eId="d4e9206">
<num>ib</num>
<content>
<p>the first regulations under section 221B(2)(d) (Part 2 of statement of strategy: additional matters to be included);</p>
</content>
</paragraph>
<paragraph eId="d4e9212">
<num>ic</num>
<content>
<p>the first regulations under section 221B(8)(a) and (b) (Part 2 of statement of strategy: matters to be taken into account etc and level of detail);</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-11" period="#period17">
<num>
SCHEDULE 11
<authorialNote class="referenceNote" placement="right">
<p> Section 129</p>
</authorialNote>
</num>
<heading>Further provision relating to pension schemes: Northern Ireland</heading>
<part eId="schedule-11-part-1" period="#period3">
<num>
<strong>PART 1</strong>
</num>
<heading>Funding of defined benefit schemes</heading>
<hcontainer name="crossheading" eId="schedule-11-part-1-crossheading-amendments-of-part-4-of-the-pensions-northern-ireland-order-2005" period="#period3">
<heading>
<em>Amendments of Part 4 of the Pensions (Northern Ireland) Order 2005</em>
</heading>
<paragraph eId="schedule-11-paragraph-1" period="#period3">
<num>
<noteRef href="#c24498501" marker="I92" class="commentary I"/>
1
</num>
<content>
<p>Part 4 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (scheme funding) is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-2" period="#period3">
<num>
<noteRef href="#c24498511" marker="I93" class="commentary I"/>
2
</num>
<content>
<p>Before Article 201 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e9255">
<heading>
<em>Funding and investment strategy</em>
</heading>
<section eId="d4e9259">
<num>200A</num>
<subsection eId="d4e9263">
<num>1</num>
<content>
<p>The trustees or managers must determine, and from time to time review and if necessary revise, a strategy for ensuring that pensions and other benefits under the scheme can be provided over the long term.</p>
<p>
This is referred to in this Part as a “
<term refersTo="#term-funding-and-investment-strategy">funding and investment strategy</term>
”.
</p>
</content>
</subsection>
<subsection eId="d4e9275">
<num>2</num>
<intro>
<p>The strategy must, in particular, specify—</p>
</intro>
<paragraph eId="d4e9281">
<num>a</num>
<content>
<p>the funding level the trustees or managers intend the scheme to have achieved as at the relevant date or relevant dates, and</p>
</content>
</paragraph>
<paragraph eId="d4e9287">
<num>b</num>
<content>
<p>the investments the trustees or managers intend the scheme to hold on the relevant date or relevant dates.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9293">
<num>3</num>
<intro>
<p>In paragraph (2)—</p>
</intro>
<paragraph eId="d4e9299">
<num>a</num>
<content>
<p>
<term refersTo="#term-funding-level">funding level</term>
” means the ratio of the scheme's assets to its liabilities;
</p>
</content>
</paragraph>
<paragraph eId="d4e9308">
<num>b</num>
<content>
<p>
<term refersTo="#term-relevant-date">relevant date</term>
” means a date determined in accordance with regulations.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9317">
<num>4</num>
<intro>
<p>Provision may be made by regulations—</p>
</intro>
<paragraph eId="d4e9323">
<num>a</num>
<content>
<p>requiring the trustees or managers of a scheme, in determining or revising a funding and investment strategy, to take into account prescribed matters and follow prescribed principles;</p>
</content>
</paragraph>
<paragraph eId="d4e9329">
<num>b</num>
<content>
<p>as to the level of detail required in a funding and investment strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e9335">
<num>c</num>
<content>
<p>as to the period within which a funding and investment strategy must be determined;</p>
</content>
</paragraph>
<paragraph eId="d4e9341">
<num>d</num>
<content>
<p>requiring a funding and investment strategy to be reviewed, and if necessary revised, at such intervals and on such occasions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9347">
<num>5</num>
<content>
<p>The provision that may be made by virtue of paragraph (4)(a) includes provision requiring the trustees or managers, in specifying a funding level for the purposes of paragraph (2)(a), to adopt prescribed actuarial methods or assumptions.</p>
</content>
</subsection>
<subsection eId="d4e9353">
<num>6</num>
<content>
<p>Where any requirement of this Article is not complied with, Article 10 of the 1995 Order (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="d4e9359">
<heading>
<em>Statement of strategy</em>
</heading>
<section eId="d4e9363">
<num>200B</num>
<subsection eId="d4e9367">
<num>1</num>
<intro>
<p>The trustees or managers must, as soon as reasonably practicable after determining or revising the scheme's funding and investment strategy, prepare a written statement of—</p>
</intro>
<paragraph eId="d4e9373">
<num>a</num>
<content>
<p>the scheme's funding and investment strategy, and</p>
</content>
</paragraph>
<paragraph eId="d4e9379">
<num>b</num>
<content>
<p>the supplementary matters set out in paragraph (2).</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9385">
<num>2</num>
<intro>
<p>The supplementary matters are—</p>
</intro>
<paragraph eId="d4e9391">
<num>a</num>
<content>
<p>the extent to which, in the opinion of the trustees or managers, the funding and investment strategy is being successfully implemented and, where it is not, the steps they propose to take to remedy the position (including details as to timing);</p>
</content>
</paragraph>
<paragraph eId="d4e9397">
<num>b</num>
<content>
<p>the main risks faced by the scheme in implementing the funding and investment strategy and how the trustees or managers intend to mitigate or manage them;</p>
</content>
</paragraph>
<paragraph eId="d4e9403">
<num>c</num>
<content>
<p>reflections of the trustees or managers on any significant decisions taken by them in the past that are relevant to the funding and investment strategy (including any lessons learned that have affected other decisions or may do so in the future);</p>
</content>
</paragraph>
<paragraph eId="d4e9409">
<num>d</num>
<content>
<p>such other matters as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9415">
<num>3</num>
<intro>
<p>In this Part—</p>
</intro>
<paragraph eId="d4e9421">
<num>a</num>
<content>
<p>
a statement under paragraph (1) is referred to as a “
<term refersTo="#term-statement-of-strategy">statement of strategy</term>
”;
</p>
</content>
</paragraph>
<paragraph eId="d4e9430">
<num>b</num>
<content>
<p>
the text included in a statement of strategy by virtue of paragraph (1)(a) is referred to as “
<term refersTo="#term-part-1">Part 1</term>
” of the statement;
</p>
</content>
</paragraph>
<paragraph eId="d4e9439">
<num>c</num>
<content>
<p>
the text included in a statement of strategy by virtue of paragraph (1)(b) is referred to as “
<term refersTo="#term-part-2">Part 2</term>
” of the statement.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9448">
<num>4</num>
<intro>
<p>The trustees or managers must from time to time, and at such times and on such occasions as may be prescribed—</p>
</intro>
<paragraph eId="d4e9454">
<num>a</num>
<content>
<p>review Part 2 of the scheme's statement of strategy, and</p>
</content>
</paragraph>
<paragraph eId="d4e9460">
<num>b</num>
<content>
<p>if necessary in the light of that review, revise that Part and prepare a replacement statement of strategy incorporating it.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9466">
<num>5</num>
<content>
<p>The trustees or managers must consult the employer when preparing or revising Part 2 of a statement of strategy.</p>
</content>
</subsection>
<subsection eId="d4e9472">
<num>6</num>
<intro>
<p>A statement of strategy prepared for a trust scheme must be signed on behalf of the trustees by a person who—</p>
</intro>
<paragraph eId="d4e9478">
<num>a</num>
<content>
<p>is the chair of the trustees, and</p>
</content>
</paragraph>
<paragraph eId="d4e9484">
<num>b</num>
<content>
<p>meets such other conditions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9490">
<num>7</num>
<content>
<p>Where paragraph (6) cannot be complied with because the trustees of a trust scheme do not have a chair, they must appoint one.</p>
</content>
</subsection>
<subsection eId="d4e9496">
<num>8</num>
<intro>
<p>Provision may be made by regulations—</p>
</intro>
<paragraph eId="d4e9502">
<num>a</num>
<content>
<p>requiring the trustees or managers of a scheme, in preparing or revising Part 2 of a statement of strategy, to take into account prescribed matters and follow prescribed principles;</p>
</content>
</paragraph>
<paragraph eId="d4e9508">
<num>b</num>
<content>
<p>as to the level of detail required in Part 2 of a statement of strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e9514">
<num>c</num>
<content>
<p>as to the form of a statement of strategy;</p>
</content>
</paragraph>
<paragraph eId="d4e9520">
<num>d</num>
<content>
<p>requiring the trustees or managers of a scheme to send a statement of strategy to the Regulator at such times and on such occasions as may be prescribed.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e9526">
<num>9</num>
<content>
<p>Where any requirement of this Article is not complied with, Article 10 of the 1995 Order (civil penalties) applies to a trustee or manager who has failed to take all reasonable steps to secure compliance.</p>
</content>
</subsection>
</section>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-3" period="#period3">
<num>
<noteRef href="#c24498521" marker="I94" class="commentary I"/>
3
</num>
<subparagraph eId="schedule-11-paragraph-3-1">
<num>1</num>
<content>
<p>Article 201 (the statutory funding objective) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-3-2">
<num>2</num>
<content>
<p>After paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e9550">
<num>2A</num>
<content>
<p>The scheme's technical provisions shall be calculated in a way that is consistent with the scheme's funding and investment strategy, as set out in the scheme's statement of strategy.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-3-3">
<num>3</num>
<content>
<p>
In paragraph (3)(b), after “in a prescribed manner and” insert
<mod>
<quotedText>“ , subject to paragraph (2A), ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-11-paragraph-4" period="#period3">
<num>
<noteRef href="#c24498531" marker="I95" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-11-paragraph-4-1">
<num>1</num>
<content>
<p>Article 203 (actuarial valuations and reports) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-4-2">
<num>2</num>
<content>
<p>After paragraph (7) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subsection eId="d4e9583">
<num>7A</num>
<content>
<p>As soon as reasonably practicable after receiving an actuarial valuation, the trustees or managers must send a copy of it to the Regulator, together with such other information as may be prescribed.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-4-3">
<num>3</num>
<content>
<p>
In paragraph (8), for “or (7)” substitute
<mod>
<quotedText>“ , (7) or (7A) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-11-paragraph-5" period="#period3">
<num>
<noteRef href="#c24498541" marker="I96" class="commentary I"/>
5
</num>
<content>
<p>In Article 205 (recovery plan), after paragraph (3) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e9606">
<num>3A</num>
<content>
<p>Provision may be made by regulations as to the matters to be taken into account, or the principles to be followed, in determining for the purposes of paragraph (3) whether a recovery plan is appropriate having regard to the nature and circumstances of the scheme.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-6" period="#period3">
<num>
<noteRef href="#c24498561" marker="I97" class="commentary I"/>
6
</num>
<content>
<p>In Article 208 (matters requiring agreement of employer), in paragraph (1), before sub-paragraph (a) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e9620">
<num>za</num>
<content>
<p>the scheme's funding and investment strategy, as set out in the scheme's statement of strategy;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-7" period="#period3">
<num>
<noteRef href="#c24498571" marker="I98" class="commentary I"/>
7
</num>
<subparagraph eId="schedule-11-paragraph-7-1">
<num>1</num>
<content>
<p>Article 210 (powers of the Regulator) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-7-2">
<num>2</num>
<content>
<p>In paragraph (1), before sub-paragraph (za) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e9646">
<num>zza</num>
<content>
<p>that the trustees or managers have failed to comply with any of the requirements of Article 200A (funding and investment strategy) or regulations under that Article;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-7-3">
<num>3</num>
<content>
<p>In paragraph (2), after sub-paragraph (a) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e9661">
<num>aa</num>
<content>
<p>it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-11-part-1-crossheading-minor-and-consequential-amendments" period="#period3">
<heading>
<em>Minor and consequential amendments</em>
</heading>
<paragraph eId="schedule-11-paragraph-8" period="#period3">
<num>
<noteRef href="#c24498581" marker="I99" class="commentary I"/>
8
</num>
<content>
<p>The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-9" period="#period3">
<num>
<noteRef href="#c24498591" marker="I100" class="commentary I"/>
9
</num>
<content>
<p>In Article 55 (registrable information), in paragraph (2), after sub-paragraph (c) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e9688">
<num>ca</num>
<content>
<p>in the case of an occupational pension scheme established under a trust, the full name and address of any chair of the trustees;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-10" period="#period3">
<num>
<noteRef href="#c24498601" marker="I101" class="commentary I"/>
10
</num>
<intro>
<p>In Article 75 (offences of providing false or misleading information), in paragraph (1)(a)—</p>
</intro>
<paragraph eId="schedule-11-paragraph-10-a">
<num>a</num>
<content>
<p>omit the “or” at the end of head (iv);</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-10-b">
<num>b</num>
<content>
<p>after that head insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e9716">
<num>iva</num>
<content>
<p>regulations under Article 200B(8)(d) (duty of trustees or managers to provide statement of strategy), or</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-11-paragraph-11" period="#period3">
<num>
<noteRef href="#c24498611" marker="I102" class="commentary I"/>
11
</num>
<content>
<p>In Article 288 (Assembly etc control of orders and regulations), in paragraph (3), after sub-paragraph (h) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<subparagraph eId="d4e9732">
<num>ha</num>
<content>
<p>the first regulations under Article 200A(4)(a) and (b) (funding and investment strategy: matters to be taken into account etc and level of detail);</p>
</content>
</subparagraph>
<subparagraph eId="d4e9738">
<num>hb</num>
<content>
<p>the first regulations under Article 200B(2)(d) (Part 2 of statement of strategy: additional matters to be included);</p>
</content>
</subparagraph>
<subparagraph eId="d4e9744">
<num>hc</num>
<content>
<p>the first regulations under Article 200B(8)(a) and (b) (Part 2 of statement of strategy: matters to be taken into account etc and level of detail);</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="schedule-11-part-2" period="#period14">
<num>
<strong>PART 2</strong>
</num>
<heading>Other provision</heading>
<hcontainer name="crossheading" eId="schedule-11-part-2-crossheading-climate-change-risk" period="#period6">
<heading>
<em>Climate change risk</em>
</heading>
<paragraph eId="schedule-11-paragraph-12" period="#period6">
<num>
<noteRef href="#key-f717c5c6cefec871cd745533b59613bc" marker="I118" class="commentary I"/>
12
</num>
<subparagraph eId="schedule-11-paragraph-12-1">
<num>1</num>
<content>
<p>The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-12-2">
<num>2</num>
<content>
<p>After Article 41 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<hcontainer name="crossheading" eId="d4e9780">
<heading>
<em>Climate change risk</em>
</heading>
<article eId="d4e9784">
<num>41A</num>
<paragraph eId="d4e9788">
<num>1</num>
<content>
<p>Regulations may impose requirements on the trustees or managers of an occupational pension scheme of a prescribed description with a view to securing that there is effective governance of the scheme with respect to the effects of climate change.</p>
</content>
</paragraph>
<paragraph eId="d4e9794">
<num>2</num>
<intro>
<p>The effects of climate change in relation to which provision may be made under paragraph (1) include, in particular—</p>
</intro>
<subparagraph eId="d4e9800">
<num>a</num>
<content>
<p>risks arising from steps taken because of climate change (whether by governments or otherwise), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e9806">
<num>b</num>
<content>
<p>opportunities relating to climate change.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9812">
<num>3</num>
<intro>
<p>The requirements which may be imposed by the regulations include, in particular, requirements about—</p>
</intro>
<subparagraph eId="d4e9818">
<num>a</num>
<content>
<p>reviewing the exposure of the scheme to risks of a prescribed description;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9824">
<num>b</num>
<content>
<p>assessing the assets of the scheme in a prescribed manner;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9830">
<num>c</num>
<content>
<p>determining, reviewing and (if necessary) revising a strategy for managing the scheme's exposure to risks of a prescribed description;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9836">
<num>d</num>
<content>
<p>determining, reviewing and (if necessary) revising targets relating to the scheme's exposure to risks of a prescribed description;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9842">
<num>e</num>
<content>
<p>measuring performance against such targets;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9848">
<num>f</num>
<content>
<p>preparing documents containing information of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9854">
<num>4</num>
<intro>
<p>Regulations under paragraph (3)(b) may, in particular, require—</p>
</intro>
<subparagraph eId="d4e9860">
<num>a</num>
<content>
<p>that assets are assessed by reference to their exposure to risks of a prescribed description, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e9866">
<num>b</num>
<content>
<p>that an assessment includes determining the contribution of the assets of the scheme to climate change.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9872">
<num>5</num>
<intro>
<p>The regulations may require the trustees or managers of the scheme to take into account—</p>
</intro>
<subparagraph eId="d4e9878">
<num>a</num>
<content>
<p>different ways in which the climate might change, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e9884">
<num>b</num>
<content>
<p>different steps that might be taken because of climate change.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9890">
<num>6</num>
<intro>
<p>Regulations under paragraph (5) may require the trustees or managers of the scheme to adopt prescribed assumptions as to future events, including assumptions about—</p>
</intro>
<subparagraph eId="d4e9896">
<num>a</num>
<content>
<p>the steps that might be taken for the purpose of achieving the Paris Agreement goal or other climate change goal, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e9902">
<num>b</num>
<content>
<p>the achievement of the Paris Agreement goal or other climate change goal.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9908">
<num>7</num>
<content>
<p>In complying with requirements imposed by the regulations, a trustee or manager must have regard to guidance prepared from time to time by the Department.</p>
</content>
</paragraph>
<paragraph eId="d4e9914">
<num>8</num>
<content>
<p>
In this Article “
<term refersTo="#term-the-paris-agreement-goal">the Paris Agreement goal</term>
” means the goal of holding the increase in the average global temperature to well below 2°C above pre-industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.
</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e9923">
<heading>
<em>Climate change risk: publication of information</em>
</heading>
<article eId="d4e9927">
<num>41B</num>
<paragraph eId="d4e9931">
<num>1</num>
<content>
<p>Regulations may require the trustees or managers of an occupational pension scheme of a prescribed description to publish information of a prescribed description relating to the effects of climate change on the scheme (which may include information about matters to which regulations under Article 41A may relate).</p>
</content>
</paragraph>
<paragraph eId="d4e9937">
<num>2</num>
<intro>
<p>Regulations under paragraph (1) may, among other things—</p>
</intro>
<subparagraph eId="d4e9943">
<num>a</num>
<content>
<p>require the trustees or managers to publish a document of a prescribed description;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9949">
<num>b</num>
<content>
<p>require information or a document to be made available free of charge;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9955">
<num>c</num>
<content>
<p>require information or a document to be provided in a form that is or by means that are prescribed or of a prescribed description.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e9961">
<num>3</num>
<content>
<p>In complying with requirements imposed by the regulations, a trustee or manager must have regard to guidance prepared from time to time by the Department.</p>
</content>
</paragraph>
</article>
</hcontainer>
<hcontainer name="crossheading" eId="d4e9967">
<heading>
<em>Articles 41A and 41B: compliance</em>
</heading>
<article eId="d4e9971">
<num>41C</num>
<paragraph eId="d4e9975">
<num>1</num>
<content>
<p>Regulations may make provision with a view to ensuring compliance with a provision of regulations under Article 41A or 41B.</p>
</content>
</paragraph>
<paragraph eId="d4e9981">
<num>2</num>
<intro>
<p>The regulations may in particular—</p>
</intro>
<subparagraph eId="d4e9987">
<num>a</num>
<content>
<p>provide for the Authority to issue a notice (a “compliance notice”) to a person with a view to ensuring the person's compliance with a provision of regulations under Article 41A or 41B;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9993">
<num>b</num>
<content>
<p>provide for the Authority to issue a notice (a “third party compliance notice”) to a person with a view to ensuring another person's compliance with a provision of regulations under Article 41A or 41B;</p>
</content>
</subparagraph>
<subparagraph eId="d4e9999">
<num>c</num>
<intro>
<p>provide for the Authority to issue a notice (a “penalty notice”) imposing a penalty on a person where the Authority are of the opinion that the person—</p>
</intro>
<clause eId="d4e10005">
<num>i</num>
<content>
<p>has failed to comply with a compliance notice or third party compliance notice, or</p>
</content>
</clause>
<clause eId="d4e10011">
<num>ii</num>
<content>
<p>has contravened a provision of regulations under Article 41A or 41B;</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e10017">
<num>d</num>
<content>
<p>provide for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of the issue of a penalty notice or the amount of a penalty;</p>
</content>
</subparagraph>
<subparagraph eId="d4e10023">
<num>e</num>
<content>
<p>confer other functions on the Authority.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e10029">
<num>3</num>
<content>
<p>The regulations may make provision for determining the amount, or the maximum amount, of a penalty in respect of a failure or contravention.</p>
</content>
</paragraph>
<paragraph eId="d4e10035">
<num>4</num>
<intro>
<p>But the amount of a penalty imposed under the regulations in respect of a failure or contravention must not exceed—</p>
</intro>
<subparagraph eId="d4e10041">
<num>a</num>
<content>
<p>£5,000, in the case of an individual, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e10047">
<num>b</num>
<content>
<p>£50,000, in any other case.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="d4e10053">
<num>5</num>
<content>
<p>In this Article “First-tier Tribunal” and “Upper Tribunal” mean those tribunals established under section 3 of the Tribunals, Courts and Enforcement Act 2007.</p>
</content>
</paragraph>
</article>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-12-3">
<num>3</num>
<content>
<p>
In Article 113 (breach of regulations), in paragraph (3)(b), after “10” insert
<mod>
<quotedText>“ or under provision contained in regulations made by virtue of Article 41C ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-12-4">
<num>4</num>
<content>
<p>In Article 167 (Assembly, etc. control of orders and regulations), after paragraph (3) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary order main default" startQuote="" endQuote="">
<paragraph eId="d4e10075">
<num>3A</num>
<content>
<p>Paragraph (2) also applies in relation to the first regulations made by virtue of Article 41A or 41C (whether made alone or with other regulations).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-11-part-2-crossheading-transfer-rights-exercise-of-right-to-cash-equivalent" period="#period9">
<heading>
<em>Transfer rights: exercise of right to cash equivalent</em>
</heading>
<paragraph eId="schedule-11-paragraph-13" period="#period9">
<num>13</num>
<subparagraph eId="schedule-11-paragraph-13-1" period="#period9">
<num>
<noteRef href="#key-aec34dfd586e1f2bbba29b92d60fabee" marker="I109" class="commentary I"/>
<noteRef href="#key-2d5d8b6bc99ded53fce575a6527e4ef1" marker="I165" class="commentary I"/>
1
</num>
<content>
<p>The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-2" period="#period9">
<num>
<noteRef href="#key-98bf49483c952e8fcd9e62f9aa3dc337" marker="I114" class="commentary I"/>
<noteRef href="#key-2d5d8b6bc99ded53fce575a6527e4ef1" marker="I165" class="commentary I"/>
2
</num>
<content>
<p>In section 91 (ways of taking right to cash equivalent), after subsection (6) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10106">
<num>6ZA</num>
<content>
<p>The trustees or managers of the scheme may not use the cash equivalent in a way specified in subsection (2)(a), (b) or (d), (2A)(a), (b) or (d) or (3) unless prescribed conditions are satisfied.</p>
</content>
</subsection>
<subsection eId="d4e10112">
<num>6ZB</num>
<intro>
<p>The conditions that may be prescribed by regulations under subsection (6ZA) include (but are not limited to) conditions about—</p>
</intro>
<paragraph eId="d4e10118">
<num>a</num>
<content>
<p>the member's employment or place of residence;</p>
</content>
</paragraph>
<paragraph eId="d4e10124">
<num>b</num>
<content>
<p>providing the trustees or managers with information or evidence about the member's employment or place of residence;</p>
</content>
</paragraph>
<paragraph eId="d4e10130">
<num>c</num>
<content>
<p>the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;</p>
</content>
</paragraph>
<paragraph eId="d4e10136">
<num>d</num>
<intro>
<p>providing the trustees or managers with evidence that—</p>
</intro>
<subparagraph eId="d4e10142">
<num>i</num>
<content>
<p>the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e10148">
<num>ii</num>
<content>
<p>the member is not subject to such a prescribed condition.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="d4e10154">
<num>6ZC</num>
<content>
<p>Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-3" period="#period9">
<num>
<noteRef href="#key-220d3852cc923c0522d86cd0b6686734" marker="I164" class="commentary I"/>
3
</num>
<content>
<p>
In section 94 (loss of right to cash equivalent), in subsection (2), for “95(2A)” substitute
<mod>
<quotedText>“ 95(2ZA) or (2A) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-4" period="#period9">
<num>
<noteRef href="#key-220d3852cc923c0522d86cd0b6686734" marker="I164" class="commentary I"/>
4
</num>
<content>
<p>In section 95 (trustees' duties after exercise of option), after subsection (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10178">
<num>2ZA</num>
<content>
<p>Subsection (2) does not apply if the trustees or managers have been unable to carry out what the member requires because a condition prescribed by regulations under section 91(6ZA) has not been satisfied.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-5" period="#period9">
<num>
<noteRef href="#key-220d3852cc923c0522d86cd0b6686734" marker="I164" class="commentary I"/>
5
</num>
<content>
<p>In section 95, after subsection (2ZA) (inserted by sub-paragraph (4)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10192">
<num>2ZB</num>
<intro>
<p>Subsection (2) does not apply if—</p>
</intro>
<paragraph eId="d4e10198">
<num>a</num>
<content>
<p>the member was required by section 92(4) to give a transfer notice under section 97F(1) in addition to making an application, and</p>
</content>
</paragraph>
<paragraph eId="d4e10204">
<num>b</num>
<content>
<p>the trustees or managers have been unable to carry out what the member required in the transfer notice under section 97F(1) because a condition prescribed by regulations under section 97F(5A) has not been satisfied.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-6" period="#period9">
<num>
<noteRef href="#key-98bf49483c952e8fcd9e62f9aa3dc337" marker="I114" class="commentary I"/>
<noteRef href="#key-2d5d8b6bc99ded53fce575a6527e4ef1" marker="I165" class="commentary I"/>
6
</num>
<content>
<p>In section 97F (power to give transfer notice), after subsection (5) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10219">
<num>5A</num>
<content>
<p>The trustees or managers of the scheme may not use the amount equal to the cash equivalent for an authorised purpose under subsection (2)(a) or (c) or (3) unless prescribed conditions are satisfied.</p>
</content>
</subsection>
<subsection eId="d4e10225">
<num>5B</num>
<intro>
<p>The conditions that may be prescribed by regulations under subsection (5A) include (but are not limited to) conditions about—</p>
</intro>
<paragraph eId="d4e10231">
<num>a</num>
<content>
<p>the member's employment or place of residence;</p>
</content>
</paragraph>
<paragraph eId="d4e10237">
<num>b</num>
<content>
<p>providing the trustees or managers with information or evidence about the member's employment or place of residence;</p>
</content>
</paragraph>
<paragraph eId="d4e10243">
<num>c</num>
<content>
<p>the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;</p>
</content>
</paragraph>
<paragraph eId="d4e10249">
<num>d</num>
<intro>
<p>providing the trustees or managers with evidence that—</p>
</intro>
<subparagraph eId="d4e10255">
<num>i</num>
<content>
<p>the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or</p>
</content>
</subparagraph>
<subparagraph eId="d4e10261">
<num>ii</num>
<content>
<p>the member is not subject to such a prescribed condition.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="d4e10267">
<num>5C</num>
<content>
<p>Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-7" period="#period9">
<num>
<noteRef href="#key-220d3852cc923c0522d86cd0b6686734" marker="I164" class="commentary I"/>
7
</num>
<content>
<p>In section 97J (time for compliance with transfer notice), after subsection (2A) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10281">
<num>2AA</num>
<content>
<p>Subsection (1) does not apply if the trustees or managers have been unable to carry out what the member requires because a condition prescribed by regulations under section 97F(5A) has not been satisfied.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-13-8" period="#period9">
<num>
<noteRef href="#key-220d3852cc923c0522d86cd0b6686734" marker="I164" class="commentary I"/>
8
</num>
<content>
<p>In section 97J, after subsection (2AA) (inserted by sub-paragraph (7)) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e10295">
<num>2AB</num>
<intro>
<p>Subsection (1) does not apply if—</p>
</intro>
<paragraph eId="d4e10301">
<num>a</num>
<content>
<p>the member was required by section 97G(4) to make an application under section 91(1) in addition to giving a transfer notice, and</p>
</content>
</paragraph>
<paragraph eId="d4e10307">
<num>b</num>
<content>
<p>the trustees or managers have been unable to carry out what the member required in the application under section 91(1) because a condition prescribed by regulations under section 91(6ZA) has not been satisfied.</p>
</content>
</paragraph>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-11-part-2-crossheading-the-pension-protection-fund-modification-of-provisions-relating-to-pensionable-service" period="#period6">
<heading>
<em>The Pension Protection Fund: modification of provisions relating to pensionable service</em>
</heading>
<paragraph eId="schedule-11-paragraph-14" period="#period6">
<num>
<noteRef href="#key-5b0a2d87a5a3770dfdd9d6eed89859a4" marker="I119" class="commentary I"/>
14
</num>
<subparagraph eId="schedule-11-paragraph-14-1">
<num>1</num>
<content>
<p>
The amendments of the Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005 (S.R. (N.I.) 2005 No. 149) made by regulation 2(2) and (3) of the Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations (Northern Ireland) 2018 (S.R. (N.I.) 2018 No. 165) (“
<term refersTo="#term-the-2018-regulations">the 2018 Regulations</term>
”) are to be deemed always to have had effect.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-14-2">
<num>2</num>
<content>
<p>The amendment of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005 (S.R. (N.I.) 2005 No. 91) made by regulation 3 of the 2018 Regulations is to be deemed always to have had effect.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-11-part-2-crossheading-administration-charges" period="#period7">
<heading>
<em>Administration charges</em>
</heading>
<paragraph eId="schedule-11-paragraph-15" period="#period8">
<num>15</num>
<subparagraph eId="schedule-11-paragraph-15-1">
<num>1</num>
<intro>
<p>In Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (meaning of “stakeholder pension scheme”), in paragraph (5) (fourth condition: charge cap)—</p>
</intro>
<paragraph eId="schedule-11-paragraph-15-1-a">
<num>a</num>
<content>
<p>
for “result in” substitute
<mod>
<quotedText>“constitute”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-15-1-b">
<num>b</num>
<content>
<p>
after “members” insert
<mod>
<quotedText>“or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-15-2">
<num>
<noteRef href="#M_I_a7c33cee-fc98-4dbe-92bd-1311204a1eba" marker="I132" class="commentary I"/>
<noteRef href="#M_I_4757bf11-fc79-4589-dc82-1e5079159046" marker="I133" class="commentary I"/>
2
</num>
<intro>
<p>In Schedule 18 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (power to restrict charges or impose requirements in relation to schemes), in paragraph 1(5), in the definition of “administration charge”—</p>
</intro>
<paragraph eId="schedule-11-paragraph-15-2-a">
<num>a</num>
<content>
<p>
for “result in” substitute
<mod>
<quotedText>“constitute”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-15-2-b">
<num>b</num>
<content>
<p>
after “members” insert
<mod>
<quotedText>“or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-15-3">
<num>
<noteRef href="#M_I_9dcdd16b-f7e3-4099-f923-b2d1c348f8e4" marker="I134" class="commentary I"/>
3
</num>
<intro>
<p>In section 109 of the Pension Schemes (Northern Ireland) Act 1993 (disclosure of information about schemes to members etc)—</p>
</intro>
<paragraph eId="schedule-11-paragraph-15-3-a">
<num>a</num>
<content>
<p>
in subsection (6)(b), after “the” insert
<mod>
<quotedText>“other”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-15-3-b">
<num>b</num>
<content>
<p>
in subsection (7), after “or” insert
<mod>
<quotedText>“other”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" eId="schedule-11-part-2-crossheading-categories-of-pension-schemes-repeal-of-provisions-of-pension-schemes-act-northern-ireland-2016" period="#period14">
<heading>
<em>Categories of pension schemes: repeal of provisions of Pension Schemes Act (Northern Ireland) 2016</em>
</heading>
<paragraph eId="schedule-11-paragraph-16" period="#period14">
<num>
<noteRef href="#key-4b887e72f40a01facd75290b194b8a83" marker="I263" class="commentary I"/>
16
</num>
<intro>
<p>In the Pension Schemes Act (Northern Ireland) 2016 (c. 1 (N.I.)), omit—</p>
</intro>
<paragraph eId="schedule-11-paragraph-16-a">
<num>a</num>
<content>
<p>sections 1 to 7 (Part 1: categories of pension scheme);</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-16-b">
<num>b</num>
<content>
<p>sections 8 to 35 (Part 2: pension schemes providing collective benefits);</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-16-c">
<num>c</num>
<content>
<p>sections 36, 37, 38(2), (3) and (5) to (7) and 39 to 45 (general changes to legislation about pension schemes);</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-16-d">
<num>d</num>
<content>
<p>Schedule 1 (early leavers: revaluation of accrued benefits);</p>
</content>
</paragraph>
<paragraph eId="schedule-11-paragraph-16-e">
<num>e</num>
<intro>
<p>in Schedule 2 (other amendments to do with Parts 1 and 2)—</p>
</intro>
<subparagraph eId="schedule-11-paragraph-16-e-i">
<num>i</num>
<content>
<p>paragraphs 1 to 19;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-16-e-ii">
<num>ii</num>
<content>
<p>paragraph 21;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-16-e-iii">
<num>iii</num>
<content>
<p>paragraphs 23 to 27;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-16-e-iv">
<num>iv</num>
<content>
<p>paragraphs 29 and 30;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-16-e-v">
<num>v</num>
<content>
<p>paragraph 32;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-11-paragraph-16-e-vi">
<num>vi</num>
<content>
<p>paragraphs 34 to 47.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
</hcontainer>
</part>
</hcontainer>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>