Regulation 72 Application and interpretation

This Part applies for the purposes of the Financial Assistance Scheme established by regulations made under section 286 of the 2004 Act (financial assistance scheme for members of certain pension schemes)^f1.

In this Part—

• “the Financial Assistance Scheme Regulations” means the Financial Assistance Scheme Regulations 2005^f2;

• “notional pension” has the meaning given by regulation 27(1) of the Financial Assistance Scheme Regulations (scheme manager calculations after a valuation)^f3;

• “qualifying pension scheme” has the meaning given by regulation 9(1) of those Regulations (qualifying pension schemes)^f4; and

• “scheme manager” has the meaning given by regulation 5(2) of those Regulations (scheme manager)^f5.

Where, by virtue of regulation 9(2) of the Financial Assistance Scheme Regulations, a section of a scheme is required to be treated as a separate scheme for the purposes of those Regulations (or would have been so required to be treated, but for this Part) this Part applies in relation to the section of the scheme as if that section were a separate scheme.