Pensions Act 2004 Explanatory Notes

Pensions Act 2004

2004 CHAPTER 35

Commentary on Sections

Part 1 – the Pensions Regulator

Exercise of regulatory functions

Section 95: Application of standard and special procedure

293. Where the Regulator considers that the exercise of one or more of its regulatory functions may be appropriate or, where an application is made under any of the provisions listed in section 10(6) (functions exercisable by the Determinations Panel) or under any provision prescribed under subsection (1)(b)(ii), the requirements of the procedures set out in section 96 (standard procedure) and section 98 (special procedure) will apply.

294. Neither section 96 nor section 98 will apply in relation to a determination whether to exercise a regulatory function when a review is conducted under section 99 (compulsory review of regulatory action).