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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Pension Protection Fund (Entry Rules) Regulations 2005 (S.I. 2005/590) (“the 2005 Regulations”).

Regulation 2 inserts a new regulation 5A into the 2005 Regulations so that certain employers that have the centre of their main interests in a Member State of the European Economic Area, other than the United Kingdom, can, in certain limited circumstances, undergo an insolvency event for the purposes of Part 2 of the Pensions Act 2004 (c.35). Regulation 2 also makes a consequential amendment to regulation 6 of the 2005 Regulations so that it does not apply in relation to an insolvency event under the new regulation 5A.

These Regulations cease to have effect on 21st July 2017.

A full impact assessment has not been prepared in relation to this Instrument as it has no impact on business, civil society organisations or the public sector.