12. The trustees or managers of a scheme are not required to give notice, under section 228(2) of the 2004 Act (requirement to notify Regulator of failure likely to be of material significance), of a failure to make a payment in accordance with the schedule of contributions where they have given the Regulator notice of the failure under—
(a)section 49(9)(b) of the 1995 Act M1 (failure to remit deductions from members' earnings), or
(b)section 30(7)(c) of the 2004 Act (failure to pay employer's contributions in accordance with Regulator's order).
Marginal Citations
M1Section 49(9)(b) of the 1995 Act was inserted by section 10(1) of the Welfare Reform and Pensions Act 1999.