Part 2The Board of the Pension Protection Fund
Chapter 1The Board
General provision about functions
110Board’s functions
1
The Board must hold, manage and apply, in accordance with this Part and any provision in force in Northern Ireland corresponding to it—
a
a fund to be known as the Pension Protection Fund, and
b
a fund to be known as the Fraud Compensation Fund.
2
Sections 175 and 189 make provision for contributions to those funds to be levied by the Board.
3
The Board also has such other functions as are conferred on it by, or by virtue of, this or any other enactment.
111Supplementary powers
The Board may do anything which—
a
is calculated to facilitate the exercise of its functions, or
b
is incidental or conducive to their exercise.