Section 100 — Pensions Act 2004: Duty to have regard to the interests of members etc

Duty to have regard to the interests of members etc 100 1 The Regulator must have regard to the matters mentioned in subsection (2)—

a when determining whether to exercise a regulatory function—

i in a case where the requirements of the standard or special procedure apply, or ii on a review under section 99, and b when exercising the regulatory function in question.

2 Those matters are—

a the interests of the generality of the members of the scheme to which the exercise of the function relates, and b the interests of such persons as appear to the Regulator to be directly affected by the exercise.