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GLOSSARY

Suspension order definition

Published by a LexisNexis Pensions expert

What does Suspension order mean?

Order made by the Pensions Regulator suspending a named person from exercising any powers or carrying out any duties as a trustee of an occupational pension scheme covered by the order.

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Suspension, prohibition and disqualification of pension trustees

STOP PRESS: On 28 March 2024, the Pensions Regulator (TPR)’s new General Code of Practice came into force, through the Pensions Act 2004 (General Code of Practice) (Appointed Day, Amendment and Revocations) Order 2024, SI 2024/431. The General Code merges and updates ten of TPR’s existing codes of practice into a single code made of ‘51 shorter, topic-based modules’. TPR say this new format will make it easier for governing bodies to find TPR’s expectations and certify whether they meet them. The ten codes of practice affected are those relating to reporting breaches of the law, early leavers, late payment of contributions, trustee knowledge and understanding, MNTs/MNDs, internal controls, dispute resolution—reasonable periods, DC governance and public sector governance.Among other things, the General Code of Practice includes a module on trustee remuneration and sets out TPR's expectations on administration and maintaining an effective system of governance (ESOG), as required by the Occupational Pension Schemes (Governance) (Amendment) Regulations 2018, SI 2018/1103 (which implement IORP II). Scheme governing bodies will be expected to...

Fire safety law and offences in Scotland

Fire safety law and offences in Scotland Fire and building safety are devolved matters. The fire safety regime in Scotland for non-domestic premises is contained primarily within Part 3 of the Fire (Scotland) Act 2005 (F(S)A 2005) and the Fire Safety (Scotland) Regulations 2006, SSI 2006/456, which govern the safe use of non-domestic premises. Non-domestic premises include: • all workplaces and commercial premises • all premises to which the public have access • all types of houses in multiple occupation The common parts of non-domestic premises are not within the scope of fire safety legislation in Scotland. This is a key difference from England where equivalent legislation, the Regulatory Reform (Fire Safety) Order 2005, applies to the common parts of residential buildings. Building regulations impose fire safety standards for new buildings. Building regulations requirements in relation to fire safety are outside the scope of this Practice Note. Fire safety in Scotland following the Grenfell Tower fire Neither the Building Safety Act 2022 (BSA 2022), which received Royal...

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Regulation D-Rule 506(d)-bad actor disqualification questionnaire (US IPO)

Regulation D-Rule 506(d)-bad actor disqualification questionnaire (US IPO) This Questionnaire is being furnished to you in connection with an offering (the Offering) of securities by [insert company name] (the Company), under the Securities Act 1933, Rule 506 (the Securities Act). Important Note: Please answer every question. If your answer to a question is ‘Yes’, please provide details in the explanation. Unless otherwise stated, your answers should be given as of the date you sign the Questionnaire. Some questions reference the 'date of the sale' of the securities, which is currently expected to be on or about [insert date]. If your answers to these questions change after the date you return the Questionnaire, you must notify the Company immediately. Please note that certain questions are necessarily broad in scope, so if you have doubts regarding whether something should be included in your response please err on the side of over-inclusion. The Company may have additional follow-up questions for you in connection with the Offering. Once you have...

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