The following provision1 applies where the Pensions Regulator2 has reasonable grounds to believe that a power to which the subsisting rights provisions3 apply: (1) will be exercised; or (2) has been exercised, to make a regulated modification4 in circumstances where the modification will be voidable5. The Regulator may by order: (a) in a case within head (1), direct the person on whom the power is conferred not to exercise the power to make the regulated modification; (b) require the trustees to take, within the time specified in the order, such steps as are so specified for the purpose of
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