Section 44 Regulations about consolidation of non-scale default arrangementsI1

requiring the provider of a pension scheme, subject to any exemptions specified in the regulations, to consolidate a non-scale default arrangement operated by it into an approved main scale default arrangement operated by it;

requiring the provider of a pension scheme to prepare, and provide the appropriate regulator with, an action plan about how and when a non-scale default arrangement operated by it is to be so consolidated;

conferring functions on the appropriate regulator, including functions involving the exercise of a discretion;

for ensuring compliance with the regulations, including provision for the imposition of civil penalties not exceeding £100,000;

for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of a decision made under the regulations.

may not be made until the review under section 43 has been completed and the report on it published, and

must take account of the review’s conclusions.