558. Non-executive functions.

Specified functions1 (in Part 2 of the Pensions Act 2004 referred to as 'the non-executive functions') are functions of the Board of the Pension Protection Fund2. The Board must establish a committee to discharge the non-executive functions on its behalf3. Only non-executive members of the Board may be members of that committee4. The committee established under these provisions must prepare a report on the discharge of the non-executive functions for inclusion in the Board's annual report to the Secretary of State