http://www.legislation.gov.uk/ukpga/2021/1/section/104/2022-08-01Pension Schemes Act 2021An Act to make provision about pension schemes.texttext/xmlenStatute Law Database2024-05-18Expert Participation2022-08-01 PART 3 The Pensions Regulator<Emphasis>Contribution notices where avoidance of employer debt etc</Emphasis>Reasonableness of issuing a contribution notice1041Section 38 of the Pensions Act 2004 (contribution notices where avoidance of employer debt) is amended as follows.2In subsection (7) (matters that may be relevant to imposing liability), after paragraph (d) insert—daif the act or failure to act was a notifiable event for the purposes of section 69A (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 section 69A,.3In subsection (7), after paragraph (eb) insert—ecthe effect of the act or failure to act on the value of the assets or liabilities of the scheme or any relevant transferee scheme,.4After subsection (7A) insert—7BIn subsection (7)(ec) “relevant transferee scheme” and the reference to the assets or liabilities of any relevant transferee scheme have the same meaning as in section 38A.S. 104(1) in force at 1.10.2021 for specified purposes by S.I. 2021/950, reg. 2(3)(a) (with reg. 3(1)(2))S. 104(3)(4) in force at 1.10.2021 by S.I. 2021/950, reg. 2(3)(a) (with reg. 3(1)(2))
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<Title>The Pensions Regulator</Title>
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1
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<Text>Section 38 of the Pensions Act 2004 (contribution notices where avoidance of employer debt) is amended as follows.</Text>
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<Text>In subsection (7) (matters that may be relevant to imposing liability), after paragraph (d) insert—</Text>
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<Text>if the act or failure to act was a notifiable event for the purposes of section 69A (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 section 69A,</Text>
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<AppendText>.</AppendText>
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3
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<Text>In subsection (7), after paragraph (eb) insert—</Text>
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<Text>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,</Text>
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<AppendText>.</AppendText>
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4
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<Text>In subsection (7)(ec) “relevant transferee scheme” and the reference to the assets or liabilities of any relevant transferee scheme have the same meaning as in section 38A.</Text>
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<Text>
<CitationSubRef SectionRef="section-104-1" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/104/1" id="ce88ez6n4-00030">S. 104(1)</CitationSubRef>
in force at 1.10.2021 for specified purposes by
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,
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(with
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)
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<Text>
<CitationSubRef SectionRef="section-104-3" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/104/3" id="ce88ez6n4-00043">S. 104(3)</CitationSubRef>
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in force at 1.10.2021 by
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,
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(with
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