Schedule 3 - Restricted information held by the Regulator: certain permitted disclosures to facilitate exercise of functions.
Pensions Bill
9:45 am
Mr Chris Pond (Parliamentary Under-Secretary, Department for Work and Pensions; Gravesham, Labour)
I rather suspected that that question would be raised. Currently, in relation to the Gaming Board for Great Britain, a trustee suspected of theft from pension funds who also holds a gaming licence—an example of this did occur—would not be within the reach of the tentacles of the Occupational Pensions Regulatory Authority because the authority would be unable to disclose that fact to the Gaming Board. Unless a criminal offence is clearly being committed, OPRA with its current powers cannot disclose information, even though there is a clear irregularity. It is because of that example that the Gaming Board is listed in schedule 3.
Question put and agreed to.
Schedule 3 agreed to.