243. Powers of the Regulator: voidable modifications.

243.     Powers of the Regulator: voidable modifications.

The Pensions Regulator1 may make an order declaring that the provision below2 applies in relation to the regulated modification3. Where the Regulator makes an order declaring that this provision applies in relation to a modification of a scheme, or the grant of any rights under the scheme, the modification or grant is void to the extent specified in the order, and in respect of the specified persons, as from the time when it would, disregarding the order, have taken effect4.