Point in time view as at 31/03/2022.
Energy Act 2004, Paragraph 12 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
12(1)The Secretary of State shall have power by direction to make such modifications of an NDA pension scheme as he considers appropriate for the purpose of securing—U.K.
(a)in relation to any proposed transfer, or
(b)in relation to transfers that he considers may occur,
that the scheme will be an appropriate pension scheme for the purposes of paragraph 10 or 11.
(2)The NDA shall also have power by direction to make such modifications of an NDA pension scheme as it considers appropriate for the purpose of securing—
(a)in relation to any proposed transfer, or
(b)in relation to transfers that it considers may occur,
that the scheme will be an appropriate pension scheme for the purposes of paragraph 10 or 11.
(3)Before making a modification under this paragraph the Secretary of State must consult—
(a)the NDA; and
(b)such persons as appear to him to represent the employees likely to be affected by the modification.
(4)Before making a modification under this paragraph the NDA must—
(a)consult such persons as appear to it to represent the employees likely to be affected by the modification; and
(b)obtain the consent of the Secretary of State to the modification.
Commencement Information
I1Sch. 8 para. 12 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
