Refusal of Registration

(1) Subject to the provisions of this Act relating to hearings and appeals, the Supervisor may– (a) refuse to register a pension plan that is not in compliance with this Act and the regulations; (b) cancel the registration of a pension plan if at any time after registration, the plan is not in compliance with or is not administered in accordance with this Act and the regulations; or (c) refuse to register an amendment to a pension plan if the amendment or the pension plan as sought to be amended would result in the pension plan ceasing to comply with this Act and the regulations. 24 (2) Where the Supervisor refuses to register a pension plan or revokes the registration of a plan, the administrator shall wind up the pension plan in accordance with this Act and the