100Duty to have regard to the interests of members etcE+W+S
This section has no associated Explanatory Notes
(1)The Regulator must have regard to the matters mentioned in subsection (2)—
(a)when determining whether to exercise a regulatory function—
(i)in a case where the requirements of the standard or special procedure apply, or
(ii)on a review under section 99, and
(b)when exercising the regulatory function in question.
(2)Those matters are—
(a)the interests of the generality of the members of the scheme to which the exercise of the function relates, and
(b)the interests of such persons as appear to the Regulator to be directly affected by the exercise.
Commencement Information
I1S. 100 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7