[3A Prohibition orders: directors of corporate trustees etc]
Pensions Act 1995 (1995 c 26) | Legislation

[3A  Prohibition orders: directors of corporate trustees etc]

[(1)     A company or Scottish partnership is prohibited from being a trustee of a trust scheme at any time when an individual who is a director of the company or a partner in the partnership is prohibited from being a trustee of the scheme by an order under section 3.

(2)     Where a company or partnership which is a trustee of a trust scheme becomes prohibited under subsection (1) in relation to the scheme, that subsection has the effect of removing the company or partnership as a trustee.

(3)

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