I would have thought you could pause/record. Pretty sure you can with all their other PPV stuff. Never tried though.

Pausing and recording is possible for Sky Arena events. 
Recordings will remain available for 2 days past recording start date and become unavailable for playback past two days from event start.

Movies cannot be recorded.  Pretty sure trickplay (pause/rewind) is also not available for Pay per view movies.

ZollyMonsta:

 

Pausing and recording is possible for Sky Arena events. 
Recordings will remain available for 2 days past recording start date and become unavailable for playback past two days from event start.

 

Movies cannot be recorded.  Pretty sure trickplay (pause/rewind) is also not available for Pay per view movies.

 

Mostly correct, Movies not from ondemand can be recorded and expire after 3 days and also pause and rewind (assuming you have mysky. If not then only the ones from on demand or the ones on the box can be paused.