{
  "url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-26",
  "json_url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005/regulation-26.json",
  "legislation": "uksi/2005/1986",
  "legislation_title": "The Financial Assistance Scheme Regulations 2005",
  "legislation_url": "https://openlegislation.uk/financial-assistance-scheme-regulations-2005",
  "path": "regulation/26",
  "kind": "regulation",
  "number": "26",
  "heading": "Binding valuation",
  "text": "(1) A valuation obtained under regulation 22 is not binding until—\n(a) it is approved under regulation 25;\n(b) the period within which an application for a review of the approval of the valuation may be made under regulation 5 of the Financial Assistance Scheme (Internal Review) Regulations 2005 (time for making an application for a review of a reviewable determination) has expired; and\n(c) where an application referred to in sub-paragraph (b) is made—\n(i) the internal review;\n(ii) any appeal to the Ombudsman in respect of the approval; and\n(iii) any appeal against any determinations or directions given or made by the Ombudsman in respect of such an appeal,\nhas been finally disposed of.\n(2) Where a valuation becomes binding under this regulation the scheme manager must as soon as reasonably practicable give a notice to that effect together with a copy of the binding valuation to—\n(a) the trustees or managers of the qualifying pension scheme; and\n(b) the Regulator.\n(3) The notice given by the scheme manager under paragraph (2) shall contain—\n(a) a statement that it is a notice under regulation 26 of the Financial Assistance Scheme Regulations 2005;\n(b) the date on which the notice is given;\n(c) the name, address and pension scheme registration number of the qualifying pension scheme in respect of which the notice is given;\n(d) a statement that the valuation under Part 7 has become binding;\n(e) the date on which the notice was given;\n(f) the name of the employer in relation to the qualifying pension scheme in respect of which the notice is given; and\n(g) whether the notice given by the scheme manager contains any restricted information and, if so, the nature of the restriction.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pts. 7, 8, 9 inserted (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 14, Sch. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1986/regulation/26",
    "retrieved_at": "2026-10-29T04:55:48.068452+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}