# The Pension Protection Fund (Closed Schemes) Regulations 2007, Paragraph 4


Subject to paragraphs 2 and 6, in determining the value of the assets of a closed scheme for the purposes of a section 156 valuation, the appropriate person shall adopt the value given of the assets of the scheme stated in the relevant accounts and that value shall be taken to be the value of those assets at the effective date.

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Source: https://www.legislation.gov.uk/uksi/2007/865/schedule/part/1/paragraph/4 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-closed-schemes-regulations-2007/schedule/part-1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.