Pensions Regulator Clause Samples

The 'Pensions Regulator' clause defines the rights and obligations of the parties in relation to the oversight and intervention powers of the Pensions Regulator, a UK statutory body responsible for regulating workplace pension schemes. This clause typically outlines the parties' duties to comply with any requirements, notices, or investigations initiated by the Regulator, and may require prompt notification if the Regulator becomes involved or issues any formal communications. Its core function is to ensure that all parties are aware of and prepared to respond to regulatory scrutiny, thereby reducing the risk of non-compliance and potential penalties related to pension scheme management.
Pensions Regulator. No Target Company has been issued with a contribution notice or financial support direction by the Pensions Regulator in accordance with its powers under sections 38 to 51 of the Pensions ▇▇▇ ▇▇▇▇. No circumstances exist which could result in a Target Company being issued with a contribution notice or a financial support direction under sections 38 to 51 (inclusive) of the Pensions ▇▇▇ ▇▇▇▇.
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Pensions Regulator. The Pensions Regulator issues a Financial Support Direction or a Contribution Notice to any Credit Party or Borrower Subsidiary unless the aggregate liability of the Credit Parties and Borrower Subsidiaries under all Financial Support Directions and Contribution Notices is less than €1,000,000.
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Pensions Regulator. Biwater considers the position of the Main Section and Water Company Section creditors to be significantly improved as a result of the IPO, and the related payments to BRASS and the Water Section Guarantee are expected to see both sections being fully funded, or close to being fully funded on a scheme-specific funding basis. Biwater will keep the Pensions Regulator informed, to the extent necessary, of the putting in place of the Water Section Guarantee and the consequent termination of its obligations under clause 2 of the 2006 Agreement.
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Pensions Regulator. Any Credit Party or Borrower Subsidiary fails to comply with the terms of any Financial Support Direction or Contribution Notice issued to it by the Pensions Regulator.
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Related to Pensions Regulator

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