488. Prohibition orders.

The Pensions Regulator1 may by order prohibit a person from being a trustee of a particular trust scheme2, a particular description of trust schemes or trust schemes in general if it is satisfied that he is not a fit and proper person to be a trustee of the scheme or schemes to which the order relates3. Where such a prohibition order is made against a person in respect of one or more schemes of which he is a trustee, the order has the effect of removing him4. A company or Scottish partnership is prohibited from being a trustee of