SCHEDULES

SCHEDULE 5The Board of the Pension Protection Fund

Part 3Proceedings and delegation etc

Delegation

I117

1

The Board may authorise—

a

any executive member of the Board,

b

any other member of its staff, or

c

any of its committees or sub-committees (other than the committee established under section 112 or any of its sub-committees),

to exercise on behalf of the Board, such of its functions, in such circumstances, as the Board may determine.

2

But sub-paragraph (1) does not apply to the non-executive functions of the Board (which must, by virtue of subsection (2) of section 112, be discharged by the committee established under that section).