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The Pensions Act 2004 (Commencement No. 3, Transitional Provisions and Amendment) Order 2005
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There are currently no known outstanding effects for The Pensions Act 2004 (Commencement No. 3, Transitional Provisions and Amendment) Order 2005, Section 3.
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Transfer of property, rights and liabilities
3.—(1) Subject to paragraph (2), all property, rights and liabilities to which the Authority is entitled or subject immediately before the appointed day shall, on that day, become the property, rights and liabilities of the Regulator.
(2) All property held by the Authority in relation to the carrying out of its function (as Registrar M1) under regulation 6(1)(a) of the Register of Occupational and Personal Pension Schemes Regulations 1997 M2 (availability of information held on the register) immediately before the appointed day shall, on that day, become the property of the Secretary of State.
Marginal Citations
M1Section 6(1)(b) of the Pension Schemes Act 1993 provides for the appointment of a Registrar of Occupational and Personal Pension Schemes (“the Registrar”). Regulation 2(2) of the Register of Occupational and Personal Pension Schemes Regulations 1997 (S.I. 1997/371) appoints the Occupational Pensions Regulatory Authority (“the Authority”) as the Registrar. The function referred to under regulation 6(1)(a) of those Regulations is conferred on the Registrar.
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