Pensions Act (Northern Ireland) 2015

Section 45.

SCHEDULE 19 N.I. PROHIBITION ORDERS: CONSEQUENTIAL AMENDMENTS

The Pensions (Northern Ireland) Order 1995 (NI 22) N.I.

1  The 1995 Order is amended as follows. N.I.

Commencement Information

I1 Sch. 19 para. 1 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

2  In Article 6 (removal or suspension of trustees: consequences)— N.I.

(a) in paragraphs (1) and (3), after “Article 3” insert “ or 3A ”;

(b) in paragraph (4), after “Article 3” insert “ , 3A ”.

Commencement Information

I2 Sch. 19 para. 2 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

3  In Article 7 (appointment of trustees), in paragraph (1), after “Article 3,” insert “ by Article 3A ”. N.I.

Commencement Information

I3 Sch. 19 para. 3 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

4  In Article 9 (removal and appointment of trustees: property), after “a trustee” insert “ or a trustee is removed under Article 3A ”. N.I.

Commencement Information

I4 Sch. 19 para. 4 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

The Pensions (Northern Ireland) Order 2005 (NI 1) N.I.

5  The 2005 Order is amended as follows. N.I.

Commencement Information

I5 Sch. 19 para. 5 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

6  In Article 7 (functions exercisable by the Determinations Panel), in paragraph (6), after sub-paragraph (e) insert— N.I.

“(ea) Article 3A(3) of that Order (application for waiver of prohibition);”.

Commencement Information

I6 Sch. 19 para. 6 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

7  In Article 61 (register of prohibited trustees), in paragraph (1), for the words from “of all” to the end substitute N.I.

“(“the prohibition register”) of—

(a) all persons who are prohibited under Article 3 of the 1995 Order, and

(b) all persons appearing to the Regulator to be prohibited under Article 3A of that Order.”.

Commencement Information

I7 Sch. 19 para. 7 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

8  In Article 91 (Pensions Regulator's regulatory functions: standard procedure), in paragraph (6), after sub-paragraph (i) insert— N.I.

“(ia) the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.

Commencement Information

I8 Sch. 19 para. 8 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

9  In Article 92 (Pensions Regulator's regulatory functions: special procedure), in paragraph (5), after sub-paragraph (j) insert— N.I.

“(ja) the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.

Commencement Information

I9 Sch. 19 para. 9 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)

10—(1) Schedule 2 (Pensions Regulator's reserved regulatory functions) is amended as follows. N.I.

(2) After paragraph 5 insert—

“5A   The power under Article 3A(3) to give a notice waiving a prohibition.”.

(3) In paragraph 9(a), after “orders)” insert “ or by Article 3A ”.

Commencement Information

I10 Sch. 19 para. 10 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(o)