Part 5: Further provision relating to pension schemes Climate change risk Section 124: Climate change risk 41C Sections 41A and 41B: compliance
Subsection (1) enables the Secretary of State to make regulations with a view to ensuring that trustees and managers comply with requirements in regulations made under new sections 41A and 41B. References to "the Authority" are to the Pensions Regulator – see section 124(1) of the Pensions Act 1995.
	Subsection (2) sets out various provisions that may, in particular, be included in the regulations such as provisions enabling the Pensions Regulator to issue compliance notices and penalty notices. Subsection (2)(d) enables provision to be made in regulations for references to the First-tier Tribunal or Upper Tribunal in respect of disputes about a penalty notice or the amount of a penalty.
	Subsection (3) enables provisions for determining the amount, or maximum amount, of a penalty issued by the Pensions Regulator to be made in regulations. This is subject to the limit, set out in subsection (4), of £5,000 in the case of an individual, and £50,000 in any other case.