528. Clearance statements.

An application may be made to the Pensions Regulator1 under the following provisions2 for the issue of a clearance statement3 in relation to circumstances described in the application and relating to an occupational pension scheme4. A clearance statement is a statement, made by the Regulator, that in its opinion in the circumstances described in the application: (1) the employer5 in relation to the scheme would not be a service company6 for the purposes of issuing financial support directions7; (2) the employer in relation to the scheme would not be insufficiently resourced8; or (3) it would not be reasonable to