# Pension Schemes Act 2026, Paragraph 21

Extent: E+W+S
Status: prospective

(1) Schedule 2 (the reserved regulatory functions) is amended as follows.
(2) 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)”.
(3) Parts 4A and 4B are moved to after Part 5 and are renumbered as (respectively) Parts 6 and 7.
(4) Accordingly, paragraphs 44A to 44O are renumbered as (respectively) paragraphs 46 to 60.
(5) 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.”

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Source: https://www.legislation.gov.uk/ukpga/2026/22/schedule/paragraph/21 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2026/schedule/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.