345. Pause orders in relation to master trust scheme.

During a triggering event period1 for a master trust scheme2, the Pensions Regulator3 may make a pause order in relation to the scheme4 if:

  1.  

    (1)     the Pensions Regulator is satisfied that making a pause order will help the trustees5 to carry out the implementation strategy6; or

  2.  

    (2)     the Pensions Regulator is satisfied that: (a) there is, or is likely to be if a pause order is not made, an immediate risk to the interests of members7 under the scheme or the assets of the scheme; and (b) it is necessary to make a pause order to protect the interests

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