14(1)Section 93(2) (regulatory functions of the Pensions Regulator) is amended as follows.
(2)In paragraph (pa)—
(a)after “strategy” insert “for Master Trust scheme”;
(b)omit the “and” at the end.
(3)After paragraph (pa) insert—
“(pb)the power to give a direction under section 23(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),
(pc)the power to give a notice under section 29(1) or (4) of that Act (risk notices),
(pd)the power to give a direction under section 29(6) of that Act (direction to implement proposals in a resolution plan),
(pe)the power to give a direction under section 39(4) of that Act (direction to submit implementation strategy), and”.