67G.—(1) Paragraph (2) applies in relation to a regulated modification made in exercise of a power to which the subsisting rights provisions apply which is voidable by virtue of—
(a)Article 67(2), or
(b)Article 67H(3).
(2) The Authority may make an order declaring that paragraph (6) applies in relation to the regulated modification.
(3) An order under paragraph (2) relating to a regulated modification may also declare that paragraph (6) applies in relation to—
(a)any other modification of the scheme made by the exercise of the power mentioned in paragraph (1), or
(b)the grant of any rights under the scheme (whether by virtue of the attribution of notional periods as pensionable service or otherwise) in connection with the regulated modification.
(4) An order under paragraph (2) relating to a regulated modification must specify the affected member or affected members or description of affected members in respect of whom paragraph (6) applies ( “the specified persons”).
(5) An order under paragraph (2) relating to a regulated modification may also—
(a)require the trustees to take, within the time specified in the order, such steps as are so specified for the purpose of giving effect to the order;
(b)declare that paragraph (7) applies in relation to anything done by the trustees after the time at which the modification would, disregarding the order, have taken effect which—
(i)would not have contravened any provision of the scheme rules if the modification had taken effect at that time, but
(ii)as a result of the modification being void to any extent by virtue of the order, would (but for that paragraph) contravene such a provision.
This is without prejudice to Article 166(3).
(6) Where the Authority make an order declaring that this paragraph applies in relation to a modification of a scheme, or the grant of any rights under the scheme, the modification or grant is void to the extent specified in the order, and in respect of the specified persons, as from the time when it would, disregarding the order, have taken effect.
(7) Where, by virtue of paragraph (5)(b), the Authority make an order under paragraph (2) declaring that this paragraph applies in relation to anything done by the trustees, that thing is to be taken, for such purposes as are specified in the order, not to have contravened any provision of the trust deed or scheme rules.
(8) An order under paragraph (2) relating to a regulated modification, or other modification, of a scheme or the grant of any rights under the scheme may be made before or after the time at which the modification or grant would, disregarding the order, have taken effect.]
F1Arts. 67, 67A-67I substituted (1.11.2005 for certain purposes, otherwise 6.4.2006) for art. 67 by Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 239; S.R. 2005/411, art. 2(5), Sch. Pt. 2