C1Part 1The Pensions Regulator
General provisions about functions
4Regulator’s functions
1
The Regulator has—
I2a
the functions transferred to it from the Occupational Pensions Regulatory Authority by virtue of this Act or any provisions in force in Northern Ireland corresponding to this Act, and
I1b
any other functions conferred by, or by virtue of, this or any other enactment.
I22
As regards the exercise of the Regulator’s functions—
a
the non-executive functions listed in subsection (4) of section 8 must, by virtue of subsection (2) of that section, be discharged by the committee established under that section,
b
the functions mentioned in the following provisions are exercisable only by the Determinations Panel—
i
section 10(1) (the power in certain circumstances to determine whether to exercise the functions listed in Schedule 2 and to exercise them), and
ii
section 99(10) (the functions concerning the compulsory review of certain determinations), and
c
the exercise of other functions of the Regulator may be delegated by the Regulator under paragraph 20 of Schedule 1.
I23
Subsection (2) is subject to any regulations made by the Secretary of State under paragraph 21 of Schedule 1 (power to limit or permit delegation of functions).
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