Regulation 43 Review of noticesF1
The Regulator may review a specified notice issued under these Regulations—
on an application, in writing, from the person to whom the notice was issued (“the applicant”), or
otherwise, if the Regulator considers it appropriate to do so.
In this regulation “specified notice” means—
a compliance notice,
a third party compliance notice, or
a penalty notice.
An application for a review of a specified notice must be made by the applicant before the end of the period of 28 days beginning with the day on which the notice was issued to the applicant.
The Regulator may review a notice under paragraph (1)(b) at any time before the end of the period of 18 months beginning with the day on which the notice was issued to the applicant.
On a review of a notice, the effect of the penalty notice is suspended for the period—
beginning with the day on which the Regulator determines to carry out the review, and
ending with the day on which the review is completed.
In carrying out the review, the Regulator must consider any representations made by the applicant.
On a review under this regulation, the Regulator may—
confirm the notice,
vary the notice,
revoke the notice, or
substitute a different notice.
Annotations
Textual amendments
- F1
Pt. 6 inserted (1.10.2022) by The Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2022 (S.I. 2022/825), regs. 1(2), 2(2)