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SCHEDULES

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

Part 3U.K.Proceedings and delegation etc

Modifications etc. (not altering text)

C2Sch. 5 Pt. 3 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c. 19 - see S.I. 2014/1683, art. 2

DelegationU.K.

19(1)Where the Board makes arrangements under paragraph 18(1) for any of its functions to be exercised by a person on its behalf, those arrangements may also provide for that person to exercise on behalf of the Board any delegable review function.U.K.

(2)Where the Regulator is required to or may exercise any function on behalf of the Board by virtue of—

(a)section 181(4) or 189(8) (administrative functions relating to levies),

(b)section 181(7)(b) or 189(10)(b) (recovery of levies), or

(c)regulations under section 181(8) or 189(11) (collection, recovery and waiver of levies),

the Board may also require the Regulator to exercise on behalf of the Board any delegable review function.

(3)In this paragraph, “delegable review function”, in relation to a delegated function, means—

(a)any function, by virtue of section 207(1)(a) or (3)(a), to give a review decision in respect of any reviewable matter arising from the exercise of the delegated function;

(b)in relation to any function exercisable by virtue of paragraph (a) above, any other function under regulations under section 207(1) in connection with the giving of a review decision;

(c)any function conferred by section 111 (supplementary powers), so far as that section relates to any function mentioned in paragraph (a) or (b).

(4)In sub-paragraph (3)—

Commencement Information

I1Sch. 5 para. 19 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7