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Statutory Rules of Northern Ireland


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STATUTORY RULES OF NORTHERN IRELAND


2006 No. 444

PENSIONS

The Pensions (2005 Order) (Disclosure of Restricted Information) (Amendment of Specified Persons) Order (Northern Ireland) 2006

  Made 9th November 2006 
  Coming into operation 7th December 2006 

The Department for Social Development makes the following Order in exercise of the powers conferred by Articles 81(2)(a) and 182(2)(a) of the Pensions (Northern Ireland) Order 2005[1].

     In accordance with Articles 81(2) and 182(2) of the Pensions (Northern Ireland) Order 2005, the Department has consulted with the Pensions Regulator and the Board of the Pension Protection Fund respectively.

Citation and commencement
     1. This Order may be cited as the Pensions (2005 Order) (Disclosure of Restricted Information) (Amendment of Specified Persons) Order (Northern Ireland) 2006 and shall come into operation on 7th December 2006.

Amendment of the Pensions (Northern Ireland) Order 2005
    
2. —(1) The Pensions (Northern Ireland) Order 2005 shall be amended in accordance with paragraphs (2) and (3).

    (2) In Schedule 3 (restricted information held by the Regulator: certain permitted disclosures to facilitate exercise of functions)—


    (3) In Schedule 7 (restricted information held by the Board: certain permitted disclosures to facilitate exercise of functions)—




Sealed with the Official Seal of the Department for Social Development on


9th November 2006

L.S.


John O'Neill
A senior officer of the Department for Social Development


EXPLANATORY NOTE

(This note is not part of the Order)


This Order amends Schedules 3 and 7 to the Pensions (Northern Ireland) Order 2005 (the "2005 Order") to enable the Pensions Regulator and the Board of the Pension Protection Fund respectively to disclose restricted information to certain persons to facilitate the exercise of certain regulatory functions by those persons. It also adds to the functions of "the Commissioners of Inland Revenue or their officers" (now called "the Commissioners for Her Majesty's Revenue and Customs") in those Schedules to bring them into line with corresponding functions contained in Schedules 3 and 8 of the Pensions Act 2004 (c. 35).

The persons added to Schedule 3 to the 2005 Order by this Order are any bodies carrying on activities concerned with any of the matters set out in section 16(2) of the Companies (Audit, Investigations and Community Enterprise) Act 2004 or in Article 16(2) of the Companies (Audit, Investigations and Community Enterprise) (Northern Ireland) Order 2005, any subsidiaries of such bodies and any bodies established under the constitution of any such bodies or subsidiaries.

The functions specified for this purpose are those relating to such bodies' investigatory, disciplinary, supervisory, oversight, direction, standard-setting and enforcement activities in connection with actuarial bodies, their members and actuarial work, the funding of such activities, and functions in connection with any levy payable under section 17 of Companies (Audit, Investigations and Community Enterprise) Act 2004.

Additionally this Order adds the members of the panel of Financial Ombudsmen, the functions specified for this purpose being those relating to Parts 3, 3A and 4 of Schedule 17 to the Financial Services Act 2000 and the Gambling Commission, for the functions specified in the Gambling Act 2005 to both Schedules 3 and 7 to the 2005 Order, and omits a superseded reference to the Gaming Board for Great Britain.


Notes:

[1] S.I. 2005/255 (N.I. 1)back

[2] Article 4 was substituted by Article 62 of the Companies (No. 2) (Northern Ireland) Order 1990 (S.I. 1990/1504 (N.I. 10)) and modified by Part 1 of Schedule 2 to the Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004 No. 307)back

[3] Part 3A was inserted by section 59 of, and Schedule 2 to, the Consumer Credit Act 2006 (c. 14)back



ISBN 0 337 96704 0


 © Crown copyright 2006

Prepared 15 November 2006


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