PART IIOccupational Pensions

F1Supervision of winding-up

Annotations:
Amendments (Textual)

F1Duty to comply with directions under Article 72B72C

1

It shall be the duty of any person to whom a direction is given under Article 72B to comply with it.

Para. (2) rep. by 2005 NI 1

3

Article 10 applies to any trustee or manager of a scheme who fails, without reasonable excuse, to take all such steps as are reasonable to secure compliance by the trustees or managers of that scheme with any direction given to them under Article 72B.

4

Article 10 applies to any person who—

a

is a person to whom a direction under Article 72B is given otherwise than in the capacity of a trustee or manager, and

b

without reasonable excuse, fails to comply with that direction.

5

For the purposes of this Article it shall not be a reasonable excuse in relation to any failure to provide information in pursuance of a direction under Article 72B that the provision of that information would (but for the duty imposed by paragraph (1) of this Article) involve a breach by any person of a duty owed to another not to disclose that information.