Section 70

INTRODUCTION

1  Part 4 of FA 2004 (pension schemes etc) is amended as follows.

PERSONS BY WHOM REGISTERED PENSION SCHEMES MAY BE ESTABLISHED

2(1)  Section 154 (persons by whom registered pension scheme may be established) is amended as follows.

2(2)  [Substitutes FA 2004, s. 154(1).]

2(3)  [Inserts FA 2004, s. 154(2A).]

2(4)  [Omits FA 2004, s. 154(3).]

2(5)  [Amends FA 2004, s. 154(4).]

3  [Omits FA 2004, s. 155.]

4  [Amends FA 2004, s. 273(5)(a), (7).]

UNAUTHORISED PAYMENTS REDUCED BY AMOUNT OF SCHEME SANCTION CHARGE

5  [Inserts FA 2004, s. 160(4A), (4B).]

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