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Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
249
Clause 65, page 41, line 35, leave out paragraph (b).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
236
Clause 65, page 41, line 35, at end insert 'and—
| (c) | in such a manner that provides a minimum period of 12 weeks for the submission of responses.'. |
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
250
Clause 65, page 42, line 23, leave out subsection (10).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
251
Page 42, line 28, leave out Clause 66.
Malcolm Wicks
46
Clause 67, page 43, line 4, after 'power' insert 'by direction'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
252
Clause 68, page 43, line 31, leave out subsection (2).
Mr Malcolm Wicks
198
Clause 70, page 44, line 39, leave out 'was' and insert 'is'.
Malcolm Wicks
47
Clause 70, page 45, line 6, leave out '3' and insert '3(1)'.
Malcolm Wicks
48
Clause 70, page 45, line 10, leave out '4' and insert '4(1)'.
Malcolm Wicks
49
Clause 70, page 45, line 11, at end insert—
| '( ) | the power to make an order under section 4(2) of that Act extending the period for which an order under section 4(1) of that Act has effect;'. |
Malcolm Wicks
50
Clause 70, page 45, line 12, leave out 'such an order' and insert 'an order under section 4(1) of that Act suspending a trustee'.
Malcolm Wicks
51
Clause 70, page 45, line 15, at end insert—
| '( ) | the power under section 9 of that Act to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, trustees in consequence of the appointment or removal of a trustee;'. |
Malcolm Wicks
52
Clause 70, page 45, line 17, at end insert—
| '( ) | the power under section 30(2) of that Act to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, the trustees where a trustee becomes disqualified under section 29 of that Act;'. |
Malcolm Wicks
53
Clause 70, page 45, line 20, after 'power', insert 'by direction'.
Malcolm Wicks
54
Clause 70, page 45, line 23, after 'power', insert 'by direction'.
Malcolm Wicks
55
Clause 70, page 45, line 28, leave out '(a) to (c), (e) and (g) to (l)' and insert '(a) to (l) other than those mentioned in paragraph (d) or (f)'.
Mr Malcolm Wicks
199
Clause 71, page 45, line 32, leave out 'and'.
Mr Malcolm Wicks
200
Clause 71, page 45, line 33, at end insert ', and
| ( ) | a case falling within subsection (3A)'. |
Mr Malcolm Wicks
201
Clause 71, page 46, line 15, at end insert—
'(3A) A case falls within this subsection if the Regulator—
| (a) | gives a warning notice as described in section 70(2)(a) in relation to a determination whether to exercise a regulatory function which— |
| (i) | is listed in subsection (4), and |
| (ii) | is not a function listed in section 70(5) (functions which may be exercised immediately under the standard procedure), |
| (b) | considers the representations of those persons to whom the warning notice is given, and |
| (c) | determines to exercise the function immediately on the basis that it is necessary to do so because there is, or the Regulator considers it likely that if the function were not exercised immediately there would be, an immediate risk to— |
| (i) | the interests of members under an occupational or personal pension scheme, or |
| (ii) | the assets of such a scheme.'. |
Mr Malcolm Wicks
202
Clause 71, page 46, line 16, leave out 'and (3)' and insert ', (3) and (3A)'.
Malcolm Wicks
56
Clause 71, page 46, line 30, leave out '3' and insert '3(1)'.
Malcolm Wicks
57
Clause 71, page 46, line 34, leave out '4' and insert '4(1)'.
Malcolm Wicks
58
Clause 71, page 46, line 39, at end insert—
| '( ) | the power under section 9 of that Act to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, trustees in consequence of the appointment or removal of a trustee;'. |
Malcolm Wicks
59
Clause 71, page 46, line 43, at end insert—
| '( ) | the power under section 30(2) of that Act to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, the trustees where a trustee becomes disqualified under section 29 of that Act;'. |
Malcolm Wicks
60
Clause 71, page 46, line 45, leave out ', notice or direction made, issued' and insert 'or notice made'.
Malcolm Wicks
61
Clause 71, page 46, line 47, leave out '(a) to (h), (j), or (l) to (o)' and insert '(a) to (o) other than those mentioned in paragraph (i) or (k)'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
253
Clause 73, page 47, line 27, leave out 'as soon as resonably practicable' and insert 'within seven days'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
237
Clause 73, page 47, line 32, leave out paragraph (c).
Mr Malcolm Wicks
203
Clause 73, page 48, line 14, at end insert—
'(7A) Where that determination is a determination to exercise a different regulatory function to the function which was the subject-matter of the determination notice, the Regulator must not exercise the regulatory function—
| (a) | during the period within which the determination may be referred to the Tribunal (see section 77(1)), and |
| (b) | if the determination is so referred, until the reference, and any appeal against the Tribunal's determination, has been finally disposed of. |
(7B) Subsection (7A) does not apply where—
| (a) | the regulatory function in question is a function listed in section 70(5) (functions which may be exercised immediately under the standard procedure), or |
| (b) | the regulatory function in question is a function listed in section 71(4) (functions which may be exercised immediately under the special procedure) and the Regulator determines to exercise it immediately on the basis described in subsection (6).'. |
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
238
Clause 73, page 48, line 15, after 'are' insert 'only'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
239
Clause 74, page 48, line 35, at end insert 'including sponsoring employers of any such schemes.'.
Malcolm Wicks
62
Clause 75, page 48, line 44, leave out 'or'.
Malcolm Wicks
63
Clause 75, page 49, line 2, at end insert ', or
| ( ) | a direction under section 2(3) of the Welfare Reform and Pensions Act 1999 (c.30) refusing to register a scheme under section 2 of that Act or removing a scheme from the register of stakeholder pension schemes.'. |
Mr Harry Barnes
166
Clause 76, page 49, line 17, leave out 'or any provision in force in Northern Ireland corresponding to this Act'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
240
Clause 76, page 49, line 19, leave out subsection (3).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
241
Clause 76, page 49, line 24, leave out subsection (5).
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