Commentary on Sections Reports by skilled persons Section 71: Reports by skilled persons
246.This section enables the Regulator to require those listed in subsection (1)(a) to (c) to provide it with a report on a matter relevant to the exercise of its functions.
247.The report has to be provided to the Regulator by the date and in the form specified by the notice. The person to whom the notice is issued has to meet the costs of providing the report unless the notice states the costs should be met by someone else. Failure by a person to comply with a notice issued to him can result in him being subject to a civil penalty under section 10 of the Pensions Act 1995 (civil penalties).