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The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 No. 839

Review of notices

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12.—(1) The Authority may review a notice to which this paragraph applies—

(a)on the written application of the person to whom the notice was issued; or

(b)if the Authority otherwise consider it appropriate.

(2) Paragraph (1) applies to—

(a)a compliance notice issued under regulation 7;

(b)a third party compliance notice issued under regulation 8;

(c)a penalty notice issued under regulation 9 or 11.

(3) An application to review a notice under paragraph (1)(a) must be made within 28 days of the date on which the notice is issued to a person.

(4) The Authority may review a notice under paragraph (1)(b) within 18 months of the date on which the notice is issued to a person.

(5) On review of a notice, the effect of the notice is suspended for the period beginning on the day the Authority determine to carry out the review and ending on the day the review is completed.

(6) In carrying out the review, the Authority must consider any representations made by the person to whom the notice was issued.

(7) On reviewing a notice, the Authority may—

(a)confirm, vary or revoke the notice;

(b)substitute a different notice.

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