Section 243 — Pensions Act 2004: Member-nominated trustees and directors: supplementary

Member-nominated trustees and directors: supplementary 243 1 The Secretary of State may, by order, amend sections 241(1)(a) and (4) and 242(1)(a) and (4) by substituting, in each of those provisions, “one-half” for “one-third”.

2 Regulations may modify sections 241 and 242 (including any of the provisions mentioned in subsection (1)) in their application to prescribed cases.

3 In sections 241 and 242— “ company ” means a company as defined in section 1(1) of the Companies Act 2006 or a company which may be wound up under Part 5 of the Insolvency Act 1986 (c. 45) (unregistered companies); “ occupational trust scheme ” means an occupational pension scheme established under a trust.