{
  "url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005/regulation-19",
  "json_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005/regulation-19.json",
  "legislation": "uksi/2005/670",
  "legislation_title": "The Pension Protection Fund (Compensation) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Commutation of periodic compensation",
  "text": "(1) The prescribed circumstances for the purposes of paragraph 24(1) of Schedule 7 to the Act (commutation of periodic compensation) are the circumstances specified in paragraph (2) .\n(2) The circumstances are that a person entitled to periodic compensation under paragraph 5, 8, 11 or 15 of Schedule 7 (pension compensation provisions)—\n(a) must not have exercised an option to commute for a lump sum a portion of the pension in respect of which that person is entitled to periodic compensation; and\n(b) must exercise the option to commute under paragraph 24(1) of Schedule 7 within six months beginning with the date on which—\n(i) the Board gives the trustees or managers of the scheme a transfer notice under section 160(2) of the Act (transfer notice); or\n(ii) payment of periodic compensation commences,\nwhichever is the later.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 19(1) substituted (6.4.2006) by The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006 (S.I. 2006/580), regs. 1(1)(b), 22(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 19(1) substituted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 4(4)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Reg. 19(2)(b)(ii) substituted (30.4.2013) by The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/627), regs. 1(1), 3(8)(a)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Reg. 19(3) omitted (6.4.2016) by virtue of The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 4(4)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/670/regulation/19",
    "retrieved_at": "2026-10-29T05:04:17.207561+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."
}