Paragraph 21 I1

Schedule 2 (the reserved regulatory functions) is amended as follows.

For the heading of Part 5 substitute “Functions under the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 (S.I. 2006/349)”.

Parts 4A and 4B are moved to after Part 5 and are renumbered as (respectively) Parts 6 and 7.

Accordingly, paragraphs 44A to 44O are renumbered as (respectively) paragraphs 46 to 60.

After Part 7 (as moved and renumbered by sub-paragraph (3) above) insert—

“Part 8

Functions under the Pension Schemes Act 2026

61

The power under section 63(1) to authorise a superfund.

62

The power under section 63(6) to withdraw authorisation from a superfund that has not yet received a superfund transfer.

63

The power under section 66 to approve a superfund transfer.

64

The power under section 78(1) to approve an individual to be responsible for a key function.

65

The power under section 78(8) to suspend or revoke an individual’s approval to be responsible for a key function.

66

The power under section 80(1) to approve a person to be a trustee of a superfund scheme.

67

The power under section 80(8) to suspend or revoke a person’s approval to be a trustee of a superfund scheme.

68

The power under section 94 to withdraw authorisation from an operating superfund.”