Part XIU.K. Miscellaneous and General Provisions

The London Pensions Fund AuthorityE+W+S

403 Membership, reports and information.E+W+S

(1)The functions conferred or imposed on the Secretary of State under or by virtue of the provisions of Schedule 1 to the M1London Government Reorganisation (Pensions etc.) Order 1989 (“the 1989 Order”) specified in subsection (2) below are transferred to the Mayor by this subsection.

(2)Those provisions are—

(a)paragraph 1 (appointment of members etc);

(b)paragraph 2(b) (which makes provision about tenure of office by applying paragraph 2 of Schedule 13 to the M2Local Government Act 1985);

(c)paragraph 2(c) (which makes provision about determinations relating to remuneration etc by applying paragraph 3 of that Schedule);

(d)paragraph 2(f) (which makes provision about reports and information by applying paragraph 10 of that Schedule).

(3)In the application of paragraph 3 of Schedule 13 to the M3Local Government Act 1985 (determinations relating to remuneration etc) by virtue of subsections (1) and (2)(c) above, sub-paragraph (5) (which requires the consent of the Treasury to any determination) shall be omitted.

(4)In the application of paragraph 10 of that Schedule (reports and information) by virtue of subsections (1) and (2)(d) above, in sub-paragraph (2) (which requires the authority to send a copy of its annual report to the Secretary of State, and the Secretary of State to lay copies of it before Parliament) the words from “and the Secretary of State” to the end of the sub-paragraph shall be omitted.

(5)Any appointment—

(a)made by the Secretary of State under sub-paragraph (1) or (2) of paragraph 1 of Schedule 1 to the 1989 Order, and

(b)in force immediately before the coming into force of subsection (1) above, so far as relating to subsection (2)(a) above,

shall have effect as from the coming into force of subsection (1) above, so far as so relating, as an appointment made by the Mayor under and in accordance with that sub-paragraph (and subject accordingly to the provisions of paragraphs 2 and 3 of Schedule 13 to the M4Local Government Act 1985 as they have effect by virtue of subsections (1) and (2)(b) or (c) above).