The Pensions Regulator1 must keep a register of stakeholder pension schemes2. The Regulator must register a pension scheme if the trustees of the scheme, or any person or persons prescribed3 in relation to the scheme: (1) make an application for the purpose and pay such fee as the Regulator may determine; and (2) declare that each of the applicable conditions4 is fulfilled in relation to the scheme5. However, where the Regulator is satisfied on reasonable grounds that any of those conditions is not fulfilled in relation to a pension scheme, the Regulator may by direction refuse to register the
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