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Regulation 3 The Pensions Regulator’s functions under the 2005 Regulations

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The following functions under the 2005 Regulations are regulatory functions for the purposes of Part 1 of the 2004 Act—

(a)

the power to issue directions under regulation 7;

(b)

the power to issue a notice under paragraph 1(3)(c) of Schedule 1A; and

(c)

the power to issue a notice under paragraph 2 of Schedule 1A.

(2)

The Pensions Regulator may, if it thinks fit, delegate the functions specified in paragraph (1) to the Determinations Panel established under section 9 of the 2004 Act (the Determinations Panel).