The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005

Applications for reconsideration

24.—(1) An application for reconsideration under Article 135 (application for reconsideration) shall be made in writing and shall be accompanied by –

(a)a protected benefits quotation in relation to the scheme, and

(b)audited scheme accounts in relation to the scheme for the period which –

(i)begins with the date of the last audited scheme accounts in relation to the scheme, and

(ii)ends on any day within the period of 6 months preceding the date on which the application is made.

(2) An application for reconsideration shall contain the following information –

(a)a description of the type or purpose of the application;

(b)the name, address and pension scheme registration number of the scheme in respect of which the application is made;

(c)the name and address of the employer in relation to the scheme;

(d)the name and address of the trustees or managers of the scheme in respect of which the application is made;

(e)the date on which the trustees or managers of the scheme received a binding scheme failure notice issued by the Board in respect of the scheme;

(f)the date on which the trustees or managers of the scheme received a binding valuation notice issued by the Board in respect of the scheme;

(g)the date on which the application was sent to the Board by the trustees or managers of the scheme;

(h)the cost quoted in the protected benefits quotation which accompanies the application;

(i)the value of the assets of the scheme adjusted to take into account any outstanding liabilities of the scheme which are not covered by the protected benefits quotation which accompanies the application, and

(j)the estimated cost of winding the scheme up.

(3) The prescribed period referred to in Article 135(6) as “the authorised period” for making an application for reconsideration is the period of 6 months.