Let $G$ be a compact, connected Lie group and $S$ a torus in $G$ not assumed maximal. Then conjugation in $G$ induces a faithful representation of $N = N_G(S)/Z_G(S)$ in the Lie algebra $\mathfrak s$ of $S$.
In all the instances I know where the image of $N \to \mathrm{GL}(\mathfrak s)$ is a reflection group, it is because there is a closed, connected subgroup $K$ of $G$ such that $S$ is its maximal torus, and $N$ is isomorphic to the Weyl group of $K$.
For instance, it happens
If $S$ is a maximal torus,
If $S$ is a circle (edit: this memory of mine is untrue; I had shown this only in a few cases, so the answer is negative),
If $S$ is the maximal torus in some $K$ such that $H^*(G;\mathbb Q) \to H^*(K;\mathbb Q)$ is surjective,
If $S$ is the maximal torus in the fixed-point set of some finite-order Lie group automorphism of $G$.
Does it always happen? If $N$ is a reflection group, is it always a $W_K$?
A less concise version of this question has already appeared on MSE.