778. Power of Regulator to require ring-fencing of assets.

The following provisions have effect until 31 December 2020. Where the trustees or managers1 of an occupational pension scheme2 receive contributions to the scheme from a European employer3, the Pensions Regulator4 may in prescribed5 circumstances issue a notice ('a ring-fencing notice') to the trustees or managers of the scheme directing them to take, or refrain from taking, such steps of a prescribed description as are specified in the notice for the purpose of ring-fencing