Section 4 — Pensions Act 2004: Regulator’s functions

Regulator’s functions 4 1 The Regulator has—

a the functions transferred to it from the Occupational Pensions Regulatory Authority by virtue of this Act or any provisions in force in Northern Ireland corresponding to this Act, and b any other functions conferred by, or by virtue of, this or any other enactment.

2 As regards the exercise of the Regulator’s functions—

a the non-executive functions listed in subsection (4) of section 8 must, by virtue of subsection (2) of that section, be discharged by the committee established under that section, b the functions mentioned in the following provisions are exercisable only by the Determinations Panel—

i section 10(1) (the power in certain circumstances to determine whether to exercise the functions listed in Schedule 2 and to exercise them),

and ii section 99(10) (the functions concerning the compulsory review of certain determinations),

and c the exercise of other functions of the Regulator may be delegated by the Regulator under paragraph 20 of Schedule 1.

3 Subsection (2) is subject to any regulations made by the Secretary of State under paragraph 21 of Schedule 1 (power to limit or permit delegation of functions).