{
  "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005",
  "json_url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005.json",
  "id": "uksi/2005/1986",
  "title": "The Financial Assistance Scheme Regulations 2005",
  "short_title": "Financial Assistance Scheme 2005",
  "long_title": "These Regulations establish a financial assistance scheme, allowing for payments to be made to, or in respect of, certain members or former members of certain occupational pension schemes where the liabilities of the scheme to those members are unlikely to be satisfied in full.",
  "citation": "S.I. 2005/1986",
  "type": "uksi",
  "year": "2005",
  "number": "1986",
  "version": "current",
  "date": "2005-07-19",
  "revised": true,
  "valid_from": "2026-06-29",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 17,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "GENERAL",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation, commencement and extent",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Commencement of winding up",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Application of Parts 1 and 2 of the Act",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "ESTABLISHMENT OF THE FINANCIAL ASSISTANCE SCHEME",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Scheme manager",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/5A",
      "kind": "regulation",
      "number": "5A",
      "heading": "Functions of the Board of the Pension Protection Fund in relation to the financial assistance scheme",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-5A",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Financial and other arrangements to enable or assist the Board of the Pension Protection Fund to carry out its functions in relation to the financial assistance scheme",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-6",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6A",
      "kind": "regulation",
      "number": "6A",
      "heading": "Use of information",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-6A",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Annual reports",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/2"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Delegation",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-8",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "QUALIFYING PENSION SCHEMES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Qualifying pension schemes",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Other schemes which are not qualifying pension schemes",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Condition to be satisfied by employer",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Condition to be satisfied: multi-employer schemes",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/12A",
      "kind": "regulation",
      "number": "12A",
      "heading": "Employer-related condition",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-12A",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/12B",
      "kind": "regulation",
      "number": "12B",
      "heading": "Employer-related condition: multi-employer schemes",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-12B",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Insolvency events",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Notification of details",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/14A",
      "kind": "regulation",
      "number": "14A",
      "heading": "Working with qualifying pension schemes",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-14A",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/14B",
      "kind": "regulation",
      "number": "14B",
      "heading": "Payments in relation to administration or other costs",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-14B",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "part/4",
      "kind": "part",
      "number": "4",
      "heading": "QUALIFYING MEMBERS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Qualifying members",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/15A",
      "kind": "regulation",
      "number": "15A",
      "heading": "Qualifying members for the purposes of section 286A",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-15A",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/4"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Insufficient assets",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/4"
    },
    {
      "path": "regulation/16A",
      "kind": "regulation",
      "number": "16A",
      "heading": "Survivors",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-16A",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/16B",
      "kind": "regulation",
      "number": "16B",
      "heading": "Surviving dependants",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-16B",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "part/5",
      "kind": "part",
      "number": "5",
      "heading": "ANNUAL AND INITIAL PAYMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Annual payments",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17A",
      "kind": "regulation",
      "number": "17A",
      "heading": "Ill health payments",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17A",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17AA",
      "kind": "regulation",
      "number": "17AA",
      "heading": "Meaning of “the FAS cap”",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17AA",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17B",
      "kind": "regulation",
      "number": "17B",
      "heading": "Interim ill health payments",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17B",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17C",
      "kind": "regulation",
      "number": "17C",
      "heading": "Annual payments for certain applications in cases of severe ill health",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17C",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17D",
      "kind": "regulation",
      "number": "17D",
      "heading": "Lump sum payments",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17D",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17E",
      "kind": "regulation",
      "number": "17E",
      "heading": "Redetermination of an annual payment previously determined in accordance with Schedule 4",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17E",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17F",
      "kind": "regulation",
      "number": "17F",
      "heading": "Redetermination of an ill health payment previously determined in accordance with Schedule 6",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17F",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17G",
      "kind": "regulation",
      "number": "17G",
      "heading": "Payments to beneficiaries other than qualifying members, survivors and surviving dependants",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17G",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17H",
      "kind": "regulation",
      "number": "17H",
      "heading": "Payments to qualifying members receiving a pension from the qualifying pension scheme before entitlement to an annual payment or ill health payment",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-17H",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Initial payments",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/18A",
      "kind": "regulation",
      "number": "18A",
      "heading": "Death benefit guarantees",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-18A",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "part/6",
      "kind": "part",
      "number": "6",
      "heading": "ADMINISTRATION OF PAYMENTS",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Time and manner of payment: general provisions",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Direct credit transfer",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "part/7",
      "kind": "part",
      "number": "7",
      "heading": "Valuation of assets and liabilities",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Application of this Part",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-21",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Scheme manager to obtain a valuation of assets and liabilities",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-22",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Valuation of assets",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-23",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Power of the scheme manager to determine the value of an asset",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-24",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Approval of valuation",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-25",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Binding valuation",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-26",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "part/8",
      "kind": "part",
      "number": "8",
      "heading": "Scheme manager functions after a valuation",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Scheme manager calculations after a valuation",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-27",
      "extent": null,
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Determination of certain asset shares, notional pensions and survivor notional pensions",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-28",
      "extent": null,
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Transfer notice",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-29",
      "extent": null,
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/30",
      "kind": "regulation",
      "number": "30",
      "heading": "Terms and conditions of contracts",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-30",
      "extent": null,
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "part/9",
      "kind": "part",
      "number": "9",
      "heading": "Miscellaneous payments and residual assets",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/31",
      "kind": "regulation",
      "number": "31",
      "heading": "Payments where amounts relating to money purchase benefits are transferred to the Secretary of State",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-31",
      "extent": null,
      "status": null,
      "parent": "part/9"
    },
    {
      "path": "regulation/32",
      "kind": "regulation",
      "number": "32",
      "heading": "Payments to estates where a person in receipt of a payment from a scheme dies prior to entitlement and prior to transfer of assets",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-32",
      "extent": null,
      "status": null,
      "parent": "part/9"
    },
    {
      "path": "regulation/33",
      "kind": "regulation",
      "number": "33",
      "heading": "Transfer of residual assets to the Secretary of State where Part 7 does not apply",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-33",
      "extent": null,
      "status": null,
      "parent": "part/9"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "MODIFICATION OF CERTAIN PROVISIONS OF PARTS 1 AND 2 OF THE ACT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/2",
      "kind": "paragraph",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-3",
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/3ZA",
      "kind": "paragraph",
      "number": "3ZA",
      "heading": null,
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-3ZA",
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/3ZB",
      "kind": "paragraph",
      "number": "3ZB",
      "heading": null,
      "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-3ZB",
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