The Pension Protection Fund and Pensions Regulator (Amendment) Regulations (Northern Ireland) 2005

Amendment of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations

2.—(1) The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) to (7).

(2) In regulation 1(3)(a) and (b) (citation, commencement and interpretation) the words “or category” shall be omitted.

(3) In regulations 10(2)(a) (reconsideration and duty to assume responsibility for a scheme following reconsideration), 25(2)(a) (reconsideration, closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities), 40(2)(b) (reconsideration) and 56(2)(b) (reconsideration) in the substituted paragraph (2)(b) for “paragraph (2) of Article 135” there shall be substituted “paragraph (2) or (3) of Article 135”.

(4) In regulations 29(2)(d)(ii) (notification of insolvency events, confirmation of scheme status etc.), 32(d)(ii) (Board’s duty where application or notification received under Article 113), 46(2)(d)(ii) (notification of insolvency events, confirmation of scheme status etc.) and 49(d)(ii) (Board’s duty where application or notification received under Article 113) before “part” there shall be inserted “segregated”.

(5) In regulation 41 (closed schemes and requirements to wind up schemes with sufficient assets) for the heading there shall be substituted “Closed schemes, requirement to wind up schemes with sufficient assets and applications and notifications where closed schemes have insufficient assets”.

(6) In regulation 57 (closed schemes and requirement to wind up schemes with sufficient assets) for the heading there shall be substituted “Closed schemes, requirement to wind up schemes with sufficient assets and applications and notifications where closed schemes have insufficient assets”.

(7) In regulation 62(3) for sub-paragraph (c) there shall be substituted –

“(c)in paragraph (4)(e) for “in relation to the employer, the employer” there were substituted “in relation to an employer, that employer”; and”.