SCHEDULES
SCHEDULE 4THE BOARD OF THE PENSION PROTECTION FUND
3
1
Where the Board makes arrangements under paragraph 2(1) for any of its functions to be exercised by a person on its behalf, those arrangements may also provide for that person to exercise on behalf of the Board any delegable review function.
2
Where the Regulator is required to or may exercise any function on behalf of the Board by virtue of—
a
Article 164(4) or 171(8) (administrative functions relating to levies),
b
Article 164(7)(b) or 171(10)(b) (recovery of levies), or
c
regulations under Article 164(8) or 171(11) (collection, recovery and waiver of levies),
the Board may also require the Regulator to exercise on behalf of the Board any delegable review function.
3
In this paragraph, “delegable review function”, in relation to a delegated function, means—
a
any function, by virtue of Article 189(1)(a) or (3)(a), to give a review decision in respect of any reviewable matter arising from the exercise of the delegated function;
b
in relation to any function exercisable by virtue of paragraph (a), any other function under regulations under Article 189(1) in connection with the giving of a review decision;
c
any function conferred by paragraph (2) of Article 101 (supplementary powers), so far as that paragraph relates to any function mentioned in paragraph (a) or (b).
4
In this paragraph—
“delegated function” means a function which is exercisable on behalf of the Board as mentioned in sub-paragraph (1) or (2);
“executive member” has the meaning given by section 108(7)(a) of the Pensions Act 2004 (c. 35);
“review decision” has the meaning given by Article 189(1).