Regulation 2 Amendment of the Pension Protection Fund (Entry Rules) Regulations

In regulation 3 of the Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005^f1 (schemes which cease to be eligible schemes)—

(a)

in paragraph (1)—

(i)

at the end of sub-paragraph (a) omit “or”;

(ii)

at the end of sub-paragraph (b) insert—

“or

(c)
the employer in relation to the scheme, or the last remaining employer in relation to a multi-employer scheme, is dissolved,”;

(b)

after paragraph (2) add—

“(3)
In its application to a segregated scheme, paragraph (1) shall have effect as if each section of the scheme were a separate scheme.”.

Annotations

f1: S.R. 2005 No. 126; regulation 3 was amended by regulation 21(4) of S.R. 2006 No. 155