# Insolvency Act 1986, Section A45: Challenge brought by Board of the Pension Protection Fund


(1) This section applies where—
(a) a moratorium—
(i) is in force in relation to a company that is an employer in respect of an eligible scheme, or
(ii) is or has been in force in relation to a company that has been an employer in respect of an eligible scheme at any time during the moratorium, and
(b) the trustees or managers of the scheme are a creditor of the company.
(2) The Board of the Pension Protection Fund may make any application under section A42(1) or A44(1) that could be made by the trustees or managers as a creditor.
(3) For the purposes of such an application, any reference in section A42(1) or A44(1) to the interests of the applicant is to be read as a reference to the interests of the trustees or managers as a creditor.
(4) In this section “eligible scheme” has the meaning given by section 126 of the Pensions Act 2004.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/A45 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-A45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.