489. Suspension orders.

489.     Suspension orders.

The Pensions Regulator1 may by order suspend a trustee of a trust scheme2:

  1.  

    (1)     pending consideration being given to the making of a prohibition order3 against him4;

  2.  

    (2)     pending consideration being given to the institution of proceedings against him for an offence involving dishonesty or deception5;

  3.  

    (3)     where proceedings have been instituted against him for an offence involving dishonesty or deception and have not been concluded6;

  4.  

    (4)     where an application has been made7 for an order making him bankrupt and the application has not been determined8;

  5.  

    (5)     where a petition has been presented to