The Pensions Regulator (Contribution Notices and Restoration Orders) Regulations 2005
These Regulations make further provision relating to the “moral hazard” provisions in sections 38 and 52 of the Pensions Act 2004 (c. 35) (“the Act”). These sections provide for two of the powers of the Pensions Regulator known as the “moral hazard” provisions, that is, the Regulator's power to issue contribution notices and to make restoration orders.