5.—(1) There is established in relation to each scheme manager a board with responsibility for assisting the scheme manager in relation to the matters specified in paragraph (2) (a “Pension Board”).
(2) Those matters are—
(a)securing compliance with the 2014 Regulations and other legislation relating to the governance and administration of the Scheme and any statutory pension scheme that is connected with it;
(b)securing compliance with requirements imposed in relation to the Scheme and any connected scheme by the Pensions Regulator.