Transitional modification of section 10 of the Act4

Section 10 of the Act (functions exercisable by the Determinations Panel) shall, for the purposes of paragraph (6)(b) and (c) of article 5 of this Order, be modified for so that it shall have effect as if, after subsection (4), there were inserted the following subsection—

4A

For the purposes of this Part, a function conferred on the Occupational Pensions Regulatory Authority (“OPRA”) by or by virtue of the Pensions Act 1995 relating to—

a

the review, under section 96 of that Act (review of decisions), of a determination made by OPRA before the 6th April 2005 (“the appointed day”) of a question falling within OPRA's functions, or

b

the reference for a decision by the court, under section 97 of that Act (references and appeals from the Authority), of any matter arising for determination by OPRA before the appointed day or of any matter arising before that day on—

i

an application for a review of a determination; or

ii

a review entered upon by OPRA without an application,

shall, where that function falls to be exercised by or in relation to the Regulator on or after the appointed day, also be a reserved regulatory function.