SCHEDULES
SCHEDULE 2The reserved regulatory functions
Part 1Functions under the Pension Schemes Act 1993 (c. 48)
I11
The power by direction under section 99(4) to grant an extension of the period within which the trustees or managers of a scheme are to carry out certain duties.
I22
The power by direction under section 101J(2) to extend the period for compliance with a transfer notice.
I33
The power under regulations made by virtue of section 168(4) to require a person to pay a penalty.
Part 2Functions under the Pensions Act 1995 (c. 26)
I44
The power to make an order under section 3(1) prohibiting a person from being a trustee.
I55
The power to make an order under section 3(3) revoking such an order.
I66
The power to make an order under section 4(1) suspending a trustee.
I77
The power to make an order under section 4(2) extending the period for which an order under section 4(1) of that Act has effect.
I88
The power to make an order under section 4(5) revoking an order under section 4(1) of that Act suspending a trustee.
I99
The power to make an order appointing a trustee under any of the following provisions of section 7—
a
subsection (1) where a trustee is removed by an order under section 3 (prohibition orders);
b
subsection (3)(a) or (c).
I1010
The power under section 9 to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, trustees in consequence of the appointment or removal of a trustee.
I1111
The power to require a person to pay a penalty under section 10 (including under regulations made by virtue of subsection (3) of that section).
I1212
The power to make an order under section 11 directing or authorising an occupational pension scheme to be wound up.
I1313
The power to give directions to trustees under section 15.
F113A
The duty under section 23(4), and regulations made thereunder, to compile and maintain a register of persons who satisfy prescribed conditions to act as independent trustees, but only in so far as that duty entails the removal of a person from that register if he does not satisfy, or no longer satisfies, any such prescribed condition.
I1414
The power under section 29(5) to give a notice waiving a disqualification under section 29 of that Act.
I1515
The power under section 30(2) to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, the trustees where a trustee becomes disqualified under section 29 of that Act.
F215A
The power under section 58(7) to extend or further extend the period referred to in section 58(6) of that Act in relation to a schedule of contributions for an occupational pension scheme.
15B
The power under section 60(7) to extend or further extend the period applicable under section 60(3) of that Act in relation to securing an increase in the value of the assets of an occupational pension scheme.
I1616
The power to make an order under section 67G(2) by virtue of which any modification of, or grant of rights under, an occupational pension scheme is void to any extent.
I1717
The power to make an order under section 67H(2) prohibiting, or specifying steps to be taken in relation to, the exercise of a power to modify an occupational pension scheme.
I1818
The power to make an order under section 69 authorising the modification of an occupational pension scheme or modifying the scheme.
I1919
The power to make an order under section 71A modifying an occupational pension scheme with a view to ensuring that it is properly wound up.
Part 3Functions under the Welfare Reform and Pensions Act 1999 (c. 30)
I2020
The power by direction under section 2(3)(b) to remove a scheme from the register of stakeholder pension schemes.
Part 4Functions under this Act
I2121
The power to make or extend a restraining order under section 20.
I2222
The power to make an order under section 20(10) permitting payments out of an account that is subject to a restraining order.
I2323
The power to make a repatriation order under section 21.
I2424
The power to make a freezing order under section 23.
I2525
The power to make an order under section 25(3) extending the period for which a freezing order has effect.
I2626
The power to make an order under section 26 validating action taken in contravention of a freezing order.
I2727
The power to make an order under section 28 directing that specified steps are taken.
I2828
The power to make an order under section 30 giving a direction where a freezing order ceases to have effect.
I2929
The power to make an order under section 31(3) directing the notification of members.
I3030
The power to issue a contribution notice under section 38.
I3131
The power to issue a direction under section 41(4) to the trustees or managers of an occupational pension scheme.
I3232
The power to issue a revised contribution notice under section 41(9).
I3333
The power to issue a financial support direction under section 43.
I3434
The power to issue a contribution notice under section 47.
I3535
The power to issue a direction under section 50(4) to the trustees or managers of an occupational pension scheme.
I3636
The power to issue a revised contribution notice under section 50(9).
I3737
The power to make a restoration order under section 52.
I3838
The power to issue a contribution notice under section 55.
I3939
The power to issue a notice under section 71 requiring a report to be provided to the Regulator.
I4040
The power to make a direction under section 76(8) extending the retention period for documents taken into possession under section 75.
I4141
The power to make a direction under section 78(10) extending the retention period for documents taken into possession under that section.
I4242
The power to make an order under section 231 modifying a scheme, giving directions or imposing a schedule of contributions.
I4343
The power to issue a ring-fencing notice under section 292.
I4444
The power to vary or revoke under section 101—
a
a determination made by the Determinations Panel whether to exercise one of the other functions listed in this Schedule, or
b
an order, notice or direction made, issued or given in the exercise of one of those functions—
i
by the Panel, or
ii
by the Regulator in compliance with a direction of the Tribunal under section 103.
F3PART 5OTHER FUNCTIONS
45
The power to make an order under regulation 19 of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 (S.I. 2006/349) to waive or relax any of the requirements of regulations 6 to 16 of those Regulations.
Sch. 2 Pt. 5 added (6.4.2006) by The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 (S.I. 2006/349), regs. 1(2), 20