Part 1 U.K. The Pensions Regulator

Modifications etc. (not altering text)

C1 Pt. 1 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1

Powers in relation to winding up of occupational pension schemes E+W+S

26 Validation of action in contravention of freezing order E+W+S

(1) If a freezing order is made in relation to a scheme, the Regulator may by order validate action taken in contravention of the order.

(2) Any of the following persons may apply to the Regulator for an order under this section validating particular action—

(a) the trustees or managers of the scheme;

(b) any person directly affected by the action.

Commencement Information

I1 S. 26 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7