The Pension Protection Fund (Review and Reconsideration of Reviewable Matters) Regulations (Northern Ireland) 2005

Time for giving a reconsideration decision

22.—(1) Subject to paragraph (2), the Reconsideration Committee must give a reconsideration decision under regulation 14(1) before the end of a period of 28 days beginning with the date on which –

(a)it receives an application to reconsider a reviewable matter and give a reconsideration decision in accordance with regulation 14(1); or

(b)the last date by which any documents or information that the Reconsideration Committee has required a person to provide in accordance with a notice given under Article 173 (notices requiring provision of information) are to have been provided,

whichever is the later.

(2) If the Reconsideration Committee is not able to give a reconsideration decision before the end of the period specified in paragraph (1) it must send an interim reply to –

(a)the interested person who made the application;

(b)any person notified of the application in accordance with regulation 17,

setting out the reasons for the delay and the expected date for issuing the review decision.

(3) Subject to paragraph (4), the Reconsideration Committee must give a reconsideration decision in respect of a reviewable matter under regulation 18(1) before the end of a period of 28 days beginning with –

(a)the date on which the Board notified any interested person under regulation 19(1) that it had decided to give a review decision in respect of a reviewable matter otherwise than on an application; or

(b)the last date by which any documents or information that the Board has required a person to provide in accordance with a notice given under Article 173 (notices requiring provision of information) are to have been provided,

whichever is the later.

(4) If the Reconsideration Committee is not able to give a reconsideration decision under regulation 18(1) before the end of the period specified in paragraph (3) it must send an interim reply to any person notified of the decision to reconsider the reviewable matter and give a reconsideration decision setting out the reasons for the delay and the expected date for issuing the review decision.