Article 6 Removal or suspension of trustees: consequences
Northern Ireland
A person who purports to act as trustee of a trust scheme while prohibited from being a trustee of the scheme under Article 3 F1or 3A or suspended in relation to the scheme under Article 4 is guilty of an offence and liable—
on summary conviction, to a fine not exceeding the statutory maximum, and
on conviction on indictment, to a fine or imprisonment or both.
An offence under paragraph (1) may be charged by reference to any day or longer period of time; and a person may be convicted of a second or subsequent offence under that paragraph by reference to any period of time following the preceding conviction of the offence.
Things done by a person purporting to act as trustee of a trust scheme while prohibited from being a trustee of the scheme under Article 3 F2or 3A or suspended in relation to the scheme under Article 4 are not invalid merely because of that prohibition or suspension.
Nothing in Article 3 F3, 3A or 4 or this Article affects the liability of any person for things done, or omitted to be done, by him while purporting to act as trustee of a trust scheme.
Annotations
Textual amendments
- F1
Words in art. 6(1) inserted (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(1), Sch. 19 para. 2(a); S.R. 2015/307, art. 2(1)(o)
- F2
Words in art. 6(3) inserted (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(1), Sch. 19 para. 2(a); S.R. 2015/307, art. 2(1)(o)
- F3
Word in art. 6(4) inserted (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(1), Sch. 19 para. 2(b); S.R. 2015/307, art. 2(1)(o)
Notes on the whole Order
Textual amendments
- F1
functions transf. by SR 1999/481
- F2
functions transf. by 2005 NI 1