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Pensions Bill

moved Amendment No. 97F: 97F: Clause 43, page 20, line 10, leave out ““of this Part, or this Chapter”” and insert ““or 2 of this Part”” The noble Lord said: These drafting amendments all flow from government Amendment No. 106A, which introduces a prohibition on employers inducing opt-out. The regulator will enforce that prohibition with the powers to investigate matters and, where necessary, to issue compliance and eventually penalty notices. There are a number of consequential amendments to provide for those enforcement powers. This group of amendments covers two areas. First, Amendment No. 103C updates the regulator’s new objective to reflect its additional roles in maximising compliance with the measure and with the prohibition at Clause 49 on certain forms of recruitment conduct. Secondly, the remaining amendments change the structure of the chapters of Part 1, so that Chapter 2 focuses on the central enforcement powers of the regulator and a new Chapter 4 is created that covers supplementary provisions about compliance and information sharing. I beg to move.