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The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005

S.R. 2005/91 · Made 11 March 2005 · Extends to Northern Ireland

Not fully up to date. 71 changes made by later legislation have not yet been written into this text, which is revised to 6 April 2005.

See the changes not yet applied
ProvisionChangeMade by
reg. 25(2)(a)words substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(3)
reg. 29(2)(d)(ii)word insertedPension Protection Fund and Pensions Regulator 2005 reg. 2(4)
reg. 32(d)(ii)word insertedPension Protection Fund and Pensions Regulator 2005 reg. 2(4)
reg. 49(d)(ii)word insertedPension Protection Fund and Pensions Regulator 2005 reg. 2(4)
reg. 46(2)(d)(ii)word insertedPension Protection Fund and Pensions Regulator 2005 reg. 2(4)
reg. 41 headingwords substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(5)
reg. 40(2)(b)words substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(3)
reg. 1(3)(a)(b)words omittedPension Protection Fund and Pensions Regulator 2005 reg. 2(2)
reg, 10(2)(a)words substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(3)
reg. 62(3)(c)substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(7)
reg. 57 headingwords substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(6)
reg. 56(2)(b)words substitutedPension Protection Fund and Pensions Regulator 2005 reg. 2(3)
reg. 1(3)substitutedOccupational Pension Schemes 2005 reg. 3(2)(b)
Pt. 3substitutedOccupational Pension Schemes 2005 reg. 3(3)
Pt. 6substitutedOccupational Pension Schemes 2005 reg. 3(4)
reg. 1(2)words insertedOccupational Pension Schemes 2005 reg. 3(2)(a)
reg. 74(2)coming into forcePension Protection Fund (Multi-employer Schemes) (Modification) 2005 reg. 1(1)(b)
reg. 29(1)(2)(a)-(c)(e)(3)-(5)coming into forcePension Protection Fund (Multi-employer Schemes) (Modification) 2005 reg. 1(1)(c)
reg. 74excludedOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 75excludedOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 75coming into forceOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 73(2)excludedOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 73(2)coming into forceOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 74coming into forceOccupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) 2006 reg. 6
reg. 15(3)(a)omittedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2008 reg. 17(a)
reg. 62(3)(a)omittedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2008 reg. 17(b)
reg. 1(3)(a)(b)words substitutedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010 reg. 2(a)
reg. 1(3)(b)(v)addedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010 reg. 2(c)
reg. 1(3)(a)(v)addedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010 reg. 2(b)
reg. 1(3)(b)(vi)addedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) 2012 reg. 2(c)
reg. 1(3)(a)(vi)addedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) 2012 reg. 2(b)
reg. 1(3)(a)(b)words substitutedOccupational Pension Schemes (Employer Debt and Miscellaneous Amendments) 2012 reg. 2(a)
reg. 68words insertedPension Protection Fund 2012 reg. 2(20)
reg. 54(1)(b)substitutedPension Protection Fund 2012 reg. 2(16)(a)(i)
reg. 54(1)(ba)-(bd)insertedPension Protection Fund 2012 reg. 2(16)(a)(ii)
reg. 54(1)(c)word omittedPension Protection Fund 2012 reg. 2(16)(a)(iii)
reg. 58(1)(ba)(bb)insertedPension Protection Fund 2012 reg. 2(19)
reg. 42(1(ba)(bb)insertedPension Protection Fund 2012 reg. 2(13)
reg. 6(1)words substitutedPension Protection Fund 2012 reg. 2(2)
reg. 8(1)substitutedPension Protection Fund 2012 reg. 2(3)(a)
reg. 8(1A)insertedPension Protection Fund 2012 reg. 2(3)(b)
reg. 10(2)(a)words substitutedPension Protection Fund 2012 reg. 2(4)
reg. 11(5)addedPension Protection Fund 2012 reg. 2(5)
reg. 23(1)substitutedPension Protection Fund 2012 reg. 2(6)(a)
reg. 23(1A)insertedPension Protection Fund 2012 reg. 2(6)(b)
reg. 25(7)addedPension Protection Fund 2012 reg. 2(7)
reg. 28(4)(a)word omittedPension Protection Fund 2012 reg. 2(8)(a)
reg. 28(4)(c) & preceding wordaddedPension Protection Fund 2012 reg. 2(8)(b)
reg. 37AinsertedPension Protection Fund 2012 reg. 2(9)
reg. 38(1)(b)substitutedPension Protection Fund 2012 reg. 2(10)(a)(i)
reg. 38(1)(ba)-(bd)insertedPension Protection Fund 2012 reg. 2(10)(a)(ii)
reg. 38(1)(c)word omittedPension Protection Fund 2012 reg. 2(10)(a)(iii)
reg. 38(1)(ca)(cb)insertedPension Protection Fund 2012 reg. 2(10)(a)(iv)
reg. 38(1)(d)(ia)words insertedPension Protection Fund 2012 reg. 2(10)(a)(v)
reg. 38(2)(a)substitutedPension Protection Fund 2012 reg. 2(10)(b)
reg. 38(3)(a)substitutedPension Protection Fund 2012 reg. 2(10)(c)
reg. 40(1)substitutedPension Protection Fund 2012 reg. 2(11)
reg. 41(2)(aa)insertedPension Protection Fund 2012 reg. 2(12)(a)
reg. 41(6)addedPension Protection Fund 2012 reg. 2(12)(b)
reg. 45(4)(a)word omittedPension Protection Fund 2012 reg. 2(14)(a)
reg. 45(4)(c) & preceding wordaddedPension Protection Fund 2012 reg. 2(14)(b)
reg. 53AinsertedPension Protection Fund 2012 reg. 2(15)
reg. 54(1)(ca)(cb)insertedPension Protection Fund 2012 reg. 2(16)(a)(iv)
reg. 54(1)(d)(ia)insertedPension Protection Fund 2012 reg. 2(16)(a)(v)
reg. 54(2)(a)substitutedPension Protection Fund 2012 reg. 2(16)(b)
reg. 54(3)(a)substitutedPension Protection Fund 2012 reg. 2(16)(c)
reg. 56(1)substitutedPension Protection Fund 2012 reg. 2(17)
reg. 57(2)(aa)insertedPension Protection Fund 2012 reg. 2(18)(a)
reg. 57(6)addedPension Protection Fund 2012 reg. 2(18)(b)
reg. 1(2)words substitutedPension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations (Northern Ireland) 2018 reg. 3
reg. 1(2)amendment to earlier affecting provision S.R. 2018/165, reg. 3Pension Schemes Act 2021 Sch. 11 para. 14(2)

PENSIONS

Made 11th March 2005

Coming into operation in accordance with regulation 1(1)

The Department for Social Development, in exercise of the powers conferred on it by Articles 2(5)(a), 280(1)(b) and (2)(b) and 287(2) and (3) of the Pensions (Northern Ireland) Order 2005f1 and of all other powers enabling it in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

S.I. 2005/255 (N.I. 1)

Contents

  1. Part I: PRELIMINARY
  2. 1Citation, commencement and interpretation
  3. Part II: SEGREGATED SCHEMES: SINGLE EMPLOYER SECTIONS
  4. 2Application and effect
  5. 3Notification of insolvency events, confirmation of scheme status etc.
  6. 4Eligible schemes
  7. 5Board’s duty where application or notification received under Article 113
  8. 6Protected liabilities and assessment periods
  9. 7Directions and power to validate contraventions of Article 119
  10. 8Valuation of assets
  11. 9Refusal to assume responsibility for a scheme
  12. 10Reconsideration and duty to assume responsibility for a scheme following reconsideration
  13. 11Closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities
  14. 12Transfer notices and assumption of responsibility
  15. 13The pension compensation provisions
  16. Part III: SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS WITHOUT REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER
  17. 14Application and effect
  18. 15Notification of insolvency events, confirmation of scheme status etc.
  19. 16Eligible schemes
  20. 17Duty to assume responsibility for schemes
  21. 18Board’s duty where application or notification received under Article 113
  22. 19Protected liabilities
  23. 20Assessment periods
  24. 21Directions
  25. 22Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119
  26. 23Valuation of assets
  27. 24Refusal to assume responsibility for a scheme
  28. 25Reconsideration, closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities
  29. 26Transfer notices and assumption of responsibility for a scheme
  30. 27The pension compensation provisions
  31. Part IV: SEGREGATED SCHEMES: NON-SEGREGATED MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER
  32. 28Application and effect
  33. 29Notification of insolvency events, confirmation of scheme status etc.
  34. 30Eligible schemes
  35. 31Duty to assume responsibility for schemes
  36. 32Board’s duty where application or notification received under Article 113
  37. 33Protected liabilities
  38. 34Assessment periods
  39. 35Directions
  40. 36Restrictions on winding up, discharge of liabilities etc., and power to validate contraventions of Article 119
  41. 37Board to act as creditor of the employer
  42. 38Valuation of assets
  43. 39Refusal to assume responsibility for a scheme
  44. 40Reconsideration
  45. 41Closed schemes and requirements to wind up schemes with sufficient assets
  46. 42Transfer notices and assumption of responsibility for a scheme
  47. 43Further actuarial valuation of segregated parts
  48. 44The pension compensation provisions
  49. Part V: NON-SEGREGATED SCHEMES: SCHEMES WITH A REQUIREMENT FOR PARTIAL WIND UP ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER
  50. 45Application and effect
  51. 46Notification of insolvency events, confirmation of scheme status etc.
  52. 47Eligible schemes
  53. 48Duty to assume responsibility for schemes
  54. 49Board’s duty where application or notification received under Article 113
  55. 50Protected liabilities and assessment period
  56. 51Directions
  57. 52Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119
  58. 53Board to act as creditor of the employer
  59. 54Valuation of assets
  60. 55Refusal to assume responsibility for a scheme
  61. 56Reconsideration
  62. 57Closed schemes and requirement to wind up schemes with sufficient assets
  63. 58Transfer notices and assumption of responsibility for a scheme
  64. 59Further actuarial valuation of segregated parts
  65. 60The pension compensation provisions
  66. Part VI: NON-SEGREGATED SCHEMES: SCHEMES WITHOUT PROVISION FOR PARTIAL WIND UP ON WITHDRAWAL OF A PARTICIPATING EMPLOYER
  67. 61Application and effect
  68. 62Notification of insolvency events, confirmation of scheme status etc.
  69. 63Eligible schemes
  70. 64Duty to assume responsibility for schemes
  71. 65Applications and notifications
  72. 66Assessment periods
  73. 67Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119
  74. 68Valuation of assets
  75. 69Refusal to assume responsibility
  76. 70Transfer notices and the pension compensation provisions
  77. Part VII: NON-SEGREGATED SCHEME WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER
  78. 71Application and effect
  79. Part VIII: SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER
  80. 72Application and effect
  81. Part IX: MULTI-EMPLOYER SCHEMES: THE PENSION PROTECTION LEVIES
  82. 73Modification of Articles 158 to 164: segregated schemes
  83. 74Modification of Articles 158 to 164: non-segregated schemes
  84. 75Modification of Articles 158 to 164: multi-employer sections of segregated schemes
  85. Signature
  86. Explanatory note