491. Appointment of trustees.

Where a trustee of a trust scheme1 is removed by a prohibition order2, or by reason of his disqualification, the Pensions Regulator3 may by order appoint another trustee in his place4. Where a trustee so appointed is appointed to replace an independent trustee5, the provisions relating to independent trustees6 apply to the replacement trustee as they apply to an independent trustee7. The Regulator may also by order appoint a trustee of a trust scheme where it is satisfied that it is reasonable to do so in order:

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    (1)     to secure that the trustees as a whole have, or exercise,