534.This section inserts new section 72B which allows Opra to direct that specific information should be provided, or action taken within a prescribed timescale, where a scheme has begun winding-up. It also inserts new section 72C which imposes sanctions on those not complying with Opra’s directions.
Part II: Pensions. Commentary on Sections Winding-up of schemes Section 50: Directions for facilitating winding-up