Amendment of Schedule 1 to the 2005 Regulations16
1
Schedule 1 to the 2005 Regulations (actuary’s certificate of total difference between scheme assets and liabilities)21 is amended as follows.
2
In the first paragraph in the certificate22, for “assets in scheme” substitute “assets of the scheme”.
3
Omit the third paragraph in the Notes23.
4
In the fifth paragraph in the Notes, for “updated actuarial assessment” substitute “updated liabilities assessment”.
5
After the sixth paragraph in the Notes, insert—
The total amount of the employer’s debt will be the amount stated in paragraph 2 of the certificate plus any cessation expenses (as defined in regulation 2(1) of the Employer Debt Regulations). See regulation 6(1)(e)(ii) of the Employer Debt Regulations.