PART 1N.I.PENSION SCHEME MEMBERSHIP FOR JOBHOLDERS

CHAPTER 2N.I.COMPLIANCE

Penalty noticesN.I.

Penalty notices: recoveryN.I.

42—(1) Any penalty payable under section 40 or section 41 is recoverable by the Regulator.

(2) The Regulator must pay into the Consolidated Fund any penalty recovered under this section.

Modifications etc. (not altering text)

C2S. 42 applied (10.8.2021 for specified purposes, 16.3.2022 for specified purposes) by Pension Schemes Act (Northern Ireland) 2021 (c. 6), ss. 17(5)(a), 44(1)(a)(iii) (with transitional provisions in S.R. 2021/234, art. 3); S.R. 2022/110, art. 2(a)

C3S. 42 applied (10.8.2021 for specified purposes, 16.3.2022 for specified purposes) by Pension Schemes Act (Northern Ireland) 2021 (c. 6), ss. 18(7)(a), 44(1)(a)(iii) (with transitional provisions in S.R. 2021/234, art. 3); S.R. 2022/110, art. 2(a)

C4S. 42 applied (1.9.2021 for specified purposes, 1.10.2021 in so far as not already in operation) by S.I. 2005/255 (N.I. 1), art. 72B(7)(a) (with art. 72B(8)) (as inserted by Pension Schemes Act 2021 (c. 1), s. 131(2)(b), Sch. 8 para. 11; S.R. 2021/240, art. 2(1)(f); S.R. 2021/271, art. 2(5)(c) (with art. 5))

C5S. 42 applied (1.9.2021 for specified purposes, 1.10.2021 in so far as not already in operation) by S.I. 2005/255 (N.I. 1), art. 72A(5)(a) (with art. 72A(6)) (as inserted by Pension Schemes Act 2021 (c. 1), s. 131(2)(b), Sch. 8 para. 11; S.R. 2021/240, art. 2(1)(f); S.R. 2021/271, art. 2(5)(c) (with art. 5))

Commencement Information

I1S. 42 in operation at 30.6.2012 by S.R. 2012/266, art. 2, Sch. Pt. 2