Part 6 Status and Liability etc

Part 6 Status and Liability etc

Status

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(1)     The Regulator is not to be regarded—

(a)     as the servant or agent of the Crown, or

(b)     as enjoying any status, privilege or immunity of the Crown.

(2)     Accordingly, the Regulator's property is not to be regarded as property of, or held on behalf of, the Crown.

Validity

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The validity of any proceedings of the Regulator (including any proceedings of any of its committees) is not to be affected by—

(a)     any vacancy among the members of the Regulator or of any of its committees,

(b)     any defect in the appointment of any member of the Regulator or of any of its committees, or

(c)     any defect in the appointment of the Chief Executive.

Disqualification

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Schedule 1 to the House of Commons Disqualification Act 1975 (c 24) is amended as follows—

(a)     in Part 2 (bodies whose members are disqualified) at the appropriate place insert—

“The Pensions Regulator.â€,

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