OpenLegislation

Regulation P2 Apportionment of the fund

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Upon the establishment of a further fund the fund shall be apportioned and the provisions of Schedule 19 shall apply in all cases for the purposes of such apportionment and for the transfer of assets from the fund to the further fund as those provisions apply where such a change of employment occurs as is mentioned in regulation Q2(6); and as if—

(a)

references to the previous fund to be apportioned under that Schedule were references to the fund, and references to the fund of the new fund authority were references to the further fund; and

(b)

paragraph 7 of that Schedule and, in paragraph 8, the words “Subject to paragraph 7” were omitted.

(2)

The administering authority shall bear the costs of the apportionment required by this regulation.