Part 1U.K.The Pensions Regulator

Modifications etc. (not altering text)

C1Pt. 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

Exercise of regulatory functionsE+W+S

98Special procedureE+W+S

(1)The procedure determined under section 93 must make provision for the special procedure.

(2)The “special procedure” is a procedure which provides for—

(a)the giving of notice of the determination to exercise the regulatory function to such persons as appear to the Regulator to be directly affected by it (a “determination notice”),

(b)the determination notice to contain details of the requirement for the Regulator to review the determination under section 99(1) and of any subsequent right of referral to the Tribunal under section 99(7),

(c)the persons to whom the determination notice was given (as required under paragraph (a)) to have an opportunity to make representations in relation to the determination before it is reviewed under section 99(1),

(d)the consideration of any such representations before the determination on the review,

(e)the giving of a notice in accordance with section 99(4) of the determination on the review (a “final notice”),

(f)the final notice to contain details of the right of referral to the Tribunal under section 99(7),

(g)the form and further content of determination notices and final notices and the manner in which they are to be given, and

(h)the time limits to be applied at any stage of the procedure.

Commencement Information

I1S. 98 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7