[73B Sections 73 and 73A: supplementary]
Pensions Act 1995 (1995 c 26) | Legislation

[73B  Sections 73 and 73A: supplementary]

[(1)     Any action taken in contravention of section 73A(3) [or (6A)] is void.

(2)     If any provision made by or by virtue of the winding up provisions is not complied with in relation to a scheme to which section 73 applies, section 10 applies to any trustee or manager of the scheme who has failed to take all reasonable steps to secure compliance.

(3)     For the purposes of subsection (2), when determining whether section 73A(3) [or (6A)] has been complied with subsection (1) of this section is to be disregarded.

(4)     Regulations may—

(a)     prescribe how, for the purposes of the winding up provisions—

(i)     the assets and liabilities of a scheme to which section 73 applies, and

(ii)     their value or amount,

are to be determined, calculated and verified;

(b)     modify any of the winding up provisions as it applies—

(i)     to prescribed schemes or prescribed descriptions

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