SCHEDULE 7 The Pensions Regulator: Minor and Consequential Amendments
Pension Schemes Act 2021 (2021 c 1) | Legislation

SCHEDULE 7 The Pensions Regulator: Minor and Consequential Amendments

Section 116

Pensions Act 1995 (c 26)

1

In section 10 of the Pensions Act 1995 (civil penalties), after subsection (9) insert—

“(10)     The Authority may not require a person to pay a penalty under this section in respect of an act or omission if the Authority have issued a notice to the person under section 88A of the Pensions Act 2004 (financial penalties) in respect of the same act or omission.â€

Pensions Act 2004 (c 35)

2

The Pensions Act 2004 is amended as follows.

3

In section 38B (section 38 contribution notice issued by reference to material detriment test: defence), in subsection (12), for paragraph (b) substitute—

“(b)     a reference to a party to an act or failure to act includes a reference to a person who knowingly assists in the act or failure;â€.

4

In section 75 (inspection of premises: powers of inspectors), in subsection (1)—

(a)     after “subsection (1),†insert “(2A),â€;

(b)     for “(3) or (4)†substitute “(3), (4) or (5A)â€.

5

(1)     Section 76 (inspection of premises: supplementary) is amended as follows.

(2)     In subsection (3)(a)—

(a)

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