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SCHEDULES

SCHEDULE 5U.K.The Board of the Pension Protection Fund

Part 3U.K.Proceedings and delegation etc

DelegationU.K.

17(1)The Board may authorise—U.K.

(a)any executive member of the Board,

(b)any other member of its staff, or

(c)any of its committees or sub-committees (other than the committee established under section 112 or any of its sub-committees),

to exercise on behalf of the Board, such of its functions, in such circumstances, as the Board may determine.

(2)But sub-paragraph (1) does not apply to the non-executive functions of the Board (which must, by virtue of subsection (2) of section 112, be discharged by the committee established under that section).

Commencement Information

I1Sch. 5 para. 17 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.