Regulation 4 Amendment of regulation 2 of the Employer Debt Regulations

after the definition of “employment-cessation event”^f1, insert—

• ““flexible apportionment arrangement” means an arrangement that takes effect in accordance with regulation 6E;”,

in the definition of “liability proportion”^f2, for ““K/L”” substitute “K divided by L”, and

in the definition of “liability share”^f3, for “of the total” substitute “multiplied by the total”.

after “regulations 6B, 6C” insert “, 6E”,

in sub-paragraph (a), after “the applicable time” insert “(or, in the case of a flexible apportionment arrangement, after the time that arrangement takes effect)”, and

in sub-paragraph (b), after “under regulation 6B” insert “or a flexible apportionment arrangement under regulation 6E”.

after “the applicable time”, insert “(or, in the case of a flexible apportionment arrangement, at the time that arrangement takes effect)”, and

in the substituted paragraph (4A), after “regulations 6B, 6C” insert “, 6E”.