Part 3: The Pensions Regulator Provision of false or misleading information Section 113: Provision of false or misleading information to Regulator 80A Financial penalty for providing false or misleading information to the Regulator
Subsection (1) of newly inserted section 80A provides that a person may be issued with a financial penalty under section 88A of the Pensions Act 2004 if the Regulator is satisfied that a person has knowingly or recklessly provided the Regulator with information that is false or misleading in a material particular, and the information was provided in specified circumstances.
	Subsection (2) sets out the circumstances in which the Regulator can exercise the power to issue the new financial penalty. Subsection (2)(a) details the provisions under which the information was provided in purported compliance. Subsection (2)(b) of section 80A states that an additional condition is that the information is provided in applying for registration of a pension scheme under section 2 of the Welfare Reform and Pensions Act 1999 (registration of stakeholder pension schemes).
	Subsection (2)(c) details additional circumstances where information is provided otherwise than as mentioned in subsections 2(a) or 2(b), but in circumstances in which the person providing the information intends, or could reasonably be expected to know, that it would be used by the Regulator for the purpose of exercising its functions under the Pensions Act 1995, the Pensions Act 2004, the Pensions Act 2008, Schedule 18 to the Pensions Act 2014, the Pension Schemes Act 2017, or Part 1 of the Pension Schemes Act 2021.