44 Pause orders
Pension Schemes Act 2021 (2021 c 1) | Legislation

44  Pause orders

(1)     This section applies during a triggering event period for a collective money purchase scheme.

(2)     The Pensions Regulator may make a pause order in relation to the scheme if either of the following two conditions is met.

(3)     Condition 1 is that the Pensions Regulator is satisfied that making a pause order will help the trustees to carry out the implementation strategy.

(4)     Condition 2 is that the Pensions Regulator is satisfied that—

(a)     there is, or is likely to be if a pause order is not made, an immediate risk to the interests of members of the scheme or the assets of the scheme, and

(b)     it is necessary to make a pause order to protect the interests of the generality of the members of the scheme.

(5)     A pause order is an order that during the period for which it has effect one or more of the following directions has effect—

(a)     a direction that no new members

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