PART IITHE PENSIONS REGULATOR
Exercise of regulatory functions
Duty to have regard to the interests of members etc.95
1
The Regulator must have regard to the matters mentioned in paragraph (2)—
a
when determining whether to exercise a regulatory function—
i
in a case where the requirements of the standard or special procedure apply, or
ii
on a review under Article 94, and
b
when exercising the regulatory function in question.
2
Those matters are—
a
the interests of the generality of the members of the scheme to which the exercise of the function relates, and
b
the interests of such persons as appear to the Regulator to be directly affected by the exercise.