{
  "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996.json",
  "id": "uksi/1996/1976",
  "title": "The Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996",
  "short_title": "Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) 1996",
  "long_title": "The Pensions Compensation Board is established under section 78 of the Pensions Act 1995. Section 78(5) enables the Board to borrow such sums as they may require for exercising any of their functions. Section 78(6) provides that the aggregate amount outstanding in respect of the principal of any money borrowed must not exceed the prescribed amount. These Regulations provide that the prescribed amount shall be £15 million.",
  "citation": "S.I. 1996/1976",
  "type": "uksi",
  "year": "1996",
  "number": "1976",
  "version": "current",
  "date": "1996-07-25",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Limit on borrowing",
      "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/1995/26",
      "title": "Pensions Act 1995",
      "url": "https://openlegislation.uk/pensions-act-1995",
      "provisions": [
        "section/78",
        "section/124"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1976",
    "retrieved_at": "2026-10-29T12:37:51.769988+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."
}