Paragraph 10 I1

In section 53 (supervision: former contracted-out schemes), after subsection (1B) insert—

“(1C)

But where a direction under subsection (1) conflicts with a freezing order made by the Regulatory Authority under section 23 of the Pensions Act 2004 in relation to the scheme then, during the period for which the freezing order has effect, the direction to the extent that it conflicts with the freezing order—

(a)

is not binding as described in subsection (1), and

(b)

is not enforceable as described in subsection (1B).”