Transitional modification of Article 7 of the Order3.

Article 7 of the Order (functions exercisable by the Determinations Panel) shall, for the purposes of Article 4(6)(b) and (c) of this Order, be modified so that it shall have effect as if, after paragraph (4), there were inserted the following paragraph –

“(4A)

For the purposes of this Part, a function conferred on the Occupational Pensions Regulatory Authority (“OPRA”) by or by virtue of the 1995 Order relating to –

(a)

the review, under Article 94 of the 1995 Order (review of decisions), of a determination made by OPRA before 6th April 2005 (“the appointed day”) of a question falling within OPRA’s functions, or

(b)

the reference for a decision by the court, under Article 95 of the 1995 Order (references and appeals from the Authority), of any matter arising for determination by OPRA before the appointed day or of any matter arising before that day on –

(i)

an application for a review of a determination, or

(ii)

a review entered upon by OPRA without an application,

shall, where that function falls to be exercised by or in relation to the Regulator on or after the appointed day, also be a reserved regulatory function.”.