{
  "url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-northern-ireland-2005/regulation-17",
  "json_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-northern-ireland-2005/regulation-17.json",
  "legislation": "nisr/2005/149",
  "legislation_title": "The Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-northern-ireland-2005",
  "path": "regulation/17",
  "kind": "regulation",
  "number": "17",
  "heading": "Commutation of periodic compensation",
  "text": "(1) The prescribed circumstances for the purposes of paragraph 24(1) of Schedule 6 (commutation of periodic compensation) are the circumstances specified in 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 6 (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 6 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 Article 144(2) (transfer notice); or\n(ii) payment of periodic compensation commences,\nwhichever is the later.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "words in reg. 17 substituted (6.4.2006) byThe Pension Protection Fund (General and Miscellaneous Amendments) Regulations (Northern Ireland) 2006 (S.R. 2006/155), regs. 1(1)(b), 22(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 17(1) substituted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2016 (S.R. 2016/165), regs. 1, 4(4)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 17(2)(b)(ii) substituted (30.4.2013) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/95), regs. 1(2), 7(7)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Reg. 17(3) omitted (6.4.2016) by virtue of The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2016 (S.R. 2016/165), regs. 1, 4(4)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 17 in operation at 6.4.2005, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2005/149/regulation/17",
    "retrieved_at": "2026-10-29T01:53:12.910409+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."
}