49 Content and effect of a section 47 contribution notice

49  Content and effect of a section 47 contribution notice

(1)     This section applies where a contribution notice is issued to a person under section 47.

(2)     The contribution notice must—

(a)     contain a statement of the matters which it is asserted constitute the non-compliance with the financial support direction in respect of which the notice is issued, and

(b)     specify the sum which the person is stated to be under a liability to pay.

(3)     The sum specified in the notice is to be treated as a debt due from the person to the trustees or managers of the scheme.

(4)     The Regulator may,

Powered by Lexis+®

Popular documents