Section 86 Winding up of the Authority

(1)

Section 23 of the Pensions Act 2007 (c. 22) (winding up of the Authority) is amended as follows.

(2)

For subsection (1) substitute—

“(1)
The Secretary of State may by order provide for the winding up and dissolution of the Authority.”

(3)

Subsections (2) to (4) are omitted.

(4)

In subsection (5)(a), after “Secretary of State” insert “ or any other person ”.

(5)

In subsection (7)—

(a)

the words after “ provision of ” become paragraph (a) of that subsection; and

(b)

at the end of that paragraph insert —

“;
(b)
sections 79 to 85 of the Pensions Act 2008.”

Notes on Part 1

C1: Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)