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The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005

S.R. 2005/126 · Made 16 March 2005 · Extends to Northern Ireland

Up to date with all changes known to legislation.gov.uk, revised to 4 January 2024.

PENSIONS

Made 16th March 2005

Coming into operation in accordance with regulation 1(1)

The Department for Social Development, in exercise of the powers conferred on it by Articles 2(5)(a), 104(3) and (4), 105(5), 106(3), (5) and (8), 107(5), 110(1)(b), (3) and (5), 113(1)(b), (3) and (8), 114(5) and (8), 117(3), 118(3)(a), 119(4), 122(10)(b) and (12), 123(6), 130(1) and (5), 131(1)(a) and (5), 132(8), 134(5) and (6)(a) to (c), 135(4), (6), (8) and (9)(b) and 287(2) and (3) of the Pensions (Northern Ireland) Order 2005f1 and of all other powers enabling it in that behalf, hereby makes the following Regulations:C1C2

Annotations to the whole text

Modifications

C1

Rules applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 6 Pt. 1 (with reg. 27(a))

C2

Rules applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 3 paras. 2, 3 (as amended by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 21(3)(h)(4))

Footnotes

f1

S.I. 2005/255 (N.I. 1); Articles 106(3) and (5), 110(1), 113(1), 114(5), 118(3), 130(1) and 131(1) are modified in their application to multi-employer schemes by S.R. 2005 No. 91 which also modifies other provisions of Part III; Articles 113(1), 122(12), 130(1), 131(1) and 135(8) are modified in their application to partially guaranteed schemes by S.R. 2005 No. 55 which also modifies other provisions of Part III; see also paragraph (iii) of the definition of “relevant person” in Article 118(3)(a) and paragraph (b) of the definition of “audited scheme accounts” in Article 135(8)

Contents

  1. 1Citation, commencement and interpretation
  2. 2Schemes which are not eligible schemes
  3. 3Schemes which cease to be eligible schemes
  4. 4Notification of insolvency events in respect of employers
  5. 5Prescribed insolvency events
  6. 5AEuropean insolvency event
  7. 6Circumstances in which insolvency proceedings in relation to the employer are stayed or come to an end
  8. 7Applications and notifications to the Board
  9. 7AApplications and notifications to the Board – multi-employer schemes
  10. 8Applications and notifications to the Board – further provision
  11. 8AApplications and notifications to the Board – further provision for multi-employer schemes
  12. 9Confirmation of scheme status by insolvency practitioner
  13. 10Confirmation of scheme status by Board
  14. 11Confirmation of scheme status by insolvency practitioner – multi-employer schemes
  15. 12Confirmation of scheme status by Board – multi-employer schemes
  16. 13Confirmation of scheme status – binding notices
  17. 14Contributions to schemes
  18. 15Directions
  19. 16Restrictions on winding up, discharge of liabilities etc.
  20. 17Payment of scheme benefits
  21. 17AException to Article 122(2A)
  22. 18Loans to pay scheme benefits
  23. 19Withdrawal following issue of Article 106(4) notice
  24. 20Consequences of the Board ceasing to be involved with a scheme
  25. 21Refusal to assume responsibility – schemes which become eligible schemes
  26. 22Refusal to assume responsibility – new schemes created to replace existing schemes
  27. 23Form and content of withdrawal notices issued under Article 130 or 131
  28. 24Applications for reconsideration
  29. 25Form and content of audited scheme accounts
  30. Signature
  31. Schedule: CONTENTS OF ACCOUNTS AUDITED BY THE AUDITOR OF THE SCHEME
  32. 1Paragraph 1
  33. 2Paragraph 2
  34. 3Paragraph 3
  35. 4Paragraph 4
  36. 5Paragraph 5
  37. 6Paragraph 6
  38. 7Paragraph 7
  39. 8Paragraph 8
  40. Explanatory note