10 Functions exercisable by the Determinations Panel
Pensions Act 2004 (2004 c 35) | Legislation

10  Functions exercisable by the Determinations Panel

(1)     The Determinations Panel is to exercise on behalf of the Regulator—

(a)     the power to determine, in the circumstances described in subsection (2), whether to exercise a reserved regulatory function, and

(b)     where it so determines to exercise a reserved regulatory function, the power to exercise the function in question.

(2)     Those circumstances are—

(a)     where the Regulator considers that the exercise of the reserved regulatory function may be appropriate, or

(b)     where an application is made under, or by virtue of, any of the provisions listed in subsection (6) for the Regulator to exercise the reserved regulatory function.

(3)     Where subsection (1) applies, the powers mentioned in that subsection are not otherwise exercisable by or on behalf of the Regulator.

(4)     For the purposes of this Part, a function of the Regulator is a “reserved

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