C1C3C4Part I Occupational pensions

Annotations:
Modifications etc. (not altering text)
C4

Pt. I: Pensions Act 2004 (c.35), Pt. 3 construed as one with Pt. I of this Act (4.12.2005 for specified purposes, 30.12.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 233, 322(1) (with s. 313); S.I. 2005/3331, art. 2(1)(a)(b), Sch. Pt. 1

Supervision by the Authority

C2I16 Removal or suspension of trustees: consequences.

1

A person who purports to act as trustee of a trust scheme while prohibited from being a trustee of the scheme under section 3 F1or 3A or suspended in relation to the scheme under section 4 is guilty of an offence and liable—

a

on summary conviction, to a fine not exceeding the statutory maximum, and

b

on conviction on indictment, to a fine or imprisonment or both.

2

An offence under subsection (1) may be charged by reference to any day or longer period of time; and a person may be convicted of a second or subsequent offence under that subsection by reference to any period of time following the preceding conviction of the offence.

3

Things done by a person purporting to act as trustee of a trust scheme while prohibited from being a trustee of the scheme under section 3 F2or 3A or suspended in relation to the scheme under section 4 are not invalid merely because of that prohibition or suspension.

4

Nothing in section 3 F3, 3A or 4 or this section affects the liability of any person for things done, or omitted to be done, by him while purporting to act as trustee of a trust scheme.