549. Standard procedure: warning notices etc.

The procedure determined by the Pensions Regulator1 must make provision for the standard procedure2.

The 'standard procedure' is a procedure which provides for: (1) the giving of notice to such persons as it appears to the Regulator would be directly affected by the regulatory action under consideration (a 'warning notice'); (2) those persons to have an opportunity to make representations; (3) the consideration of any such representations and the determination whether to take the regulatory action under consideration3; (4) the giving of notice of the determination to such persons as appear to the Regulator to be directly affected by it