Paragraph 14 Pension Protection Fund (Entry Rules) Regulations 2005

In regulation 5 of the Pension Protection Fund (Entry Rules) Regulations 2005^f1 (prescribed insolvency events)—

(a)

in paragraph (1) for sub-paragraph (e) substitute—

“(e)
in relation to a co-operative or community benefit society, where there is dissolution by consent of the members under section 119 of the Co-operative and Community Benefit Societies Act 2014 (dissolution of society by an instrument of dissolution).”; and

(b)

in paragraph (2)—

(i)

after the definition of “administration order” insert—

““co-operative or community benefit society” means a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014 (meaning of “registered society”), other than a society registered as a credit union;”;

(ii)

in the definition of “relevant body” for sub-paragraph (g) substitute—

“(g)
a co-operative or community benefit society.”.

Annotations

Footnotes

f1: S.I. 2005/590.There are amending instruments but none is relevant.