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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Pension Protection Fund (PPF Ombudsman) Order 2005 No. 824 URL: http://www.bailii.org/uk/legis/num_reg/2005/20050824.html |
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Made | 15th March 2005 | ||
Coming into force | 6th April 2005 |
Staff of the PPF Ombudsman
3.
- (1) The PPF Ombudsman may, with the approval of the Secretary of State as to numbers, appoint such persons to be members of his staff as the PPF Ombudsman considers appropriate.
(2) Any such appointments are to be made on such terms and conditions as are determined by the PPF Ombudsman with the approval of the Secretary of State.
Additional staff and facilities
4.
- (1) The Secretary of State may make available to the PPF Ombudsman such additional staff and such other facilities as he considers appropriate.
(2) The availability of such staff and facilities may be on such terms as to payment by the PPF Ombudsman as the Secretary of State may determine.
Delegation of functions
5.
- (1) Except as provided by paragraph (2), any function of the PPF Ombudsman may be delegated to and performed by -
(2) The PPF Ombudsman must not delegate -
Power to obtain information
6.
In conducting an investigation in accordance with regulations made under section 213 or 214 of the Act the PPF Ombudsman may require any person who in his opinion is able to furnish information or produce documents necessary for the purposes of the investigation to furnish any such information or produce any such documents.
Restrictions on the disclosure of information
7.
- (1) The PPF Ombudsman must not disclose any information which he obtains for the purposes of an investigation under section 213 or 214 of the Act unless -
(2) The persons specified in this paragraph are -
to conduct an investigation;
(h) an inspector appointed under Part XIV of the Companies Act 1985[6] or under Part XV of the Companies (Northern Ireland) Order 1986[7];
(i) a body designated under section 326(1) of the Financial Services and Markets Act 2000 (designation of professional bodies); and
(j) a recognised investment exchange or recognised clearing house (as defined by section 285 of that Act) (exemption for recognised investment exchanges and clearing houses).
Signed by authority of the Secretary of State for Work and Pensions.
Malcolm Wicks
Minister of State, Department for Work and Pensions
15th March 2005
[2] See section 210 of the Pensions Act 2004, which provides that the Secretary of State may appoint one or more persons to act as a deputy to the PPF Ombudsman.back
[3] See section 78(1) of the Pensions Act 1995 (c. 26) which establishes the Pensions Compensation Board.back
[4] See section 145 of the Pension Schemes Act 1993 (c. 48) which establishes the Pensions Ombudsman.back
[5] See section 1(1) of the Financial Services and Markets Act 2000 (c. 8) which establishes the Financial Services Authority.back
[6] 1985 c.6. Part XIV of the Companies Act 1985 (as amended) provides that the Secretary of State may appoint one or more inspectors to investigate a company and its affairs.back
[7] S.I. 1986/1032 (N.I. 6).back
© Crown copyright 2005