SCHEDULES

SCHEDULE 2THE RESERVED REGULATORY FUNCTIONS

PART 1FUNCTIONS UNDER THE PENSION SCHEMES ACT

1

The power by direction under section 95(4) to grant an extension of the period within which the trustees or managers of a scheme are to carry out certain duties.

2

The power by direction under section 97J(2) to extend the period for compliance with a transfer notice.

3

The power under regulations made by virtue of section 164(4) to require a person to pay a penalty.

F13A

A power under section 20H (compliance with conditions of conversion of guaranteed minimum pension).