Paragraph 21 I1I2

In Schedule 2 (the reserved regulatory functions), after Part 4A insert—

“PART 4B

Functions under Part 1 of the Pension Schemes Act 2021

44H

The power to give a direction under section 23(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).

44I

The power to give a direction under section 29(6) (direction to implement proposals in a resolution plan).

44J

The power under section 30 to withdraw authorisation of a collective money purchase scheme.

44K

The power to give a direction under section 41(4) (direction to pursue a continuity option).

44L

The power to make a pause order under section 44.

44M

The power to make an order under paragraph 2(2) of Schedule 2 extending the period for which a pause order has effect.

44N

The power to make an order under paragraph 3 of Schedule 2 validating action taken in contravention of a pause order.

44O

The power to make an order under paragraph 4(3) of Schedule 2 directing the notification of members or employers.”