{
  "url": "https://openlegislation.uk/pension-protection-fund-entry-rules-regulations-northern-ireland-2005/regulation-24",
  "json_url": "https://openlegislation.uk/pension-protection-fund-entry-rules-regulations-northern-ireland-2005/regulation-24.json",
  "legislation": "nisr/2005/126",
  "legislation_title": "The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-entry-rules-regulations-northern-ireland-2005",
  "path": "regulation/24",
  "kind": "regulation",
  "number": "24",
  "heading": "Applications for reconsideration",
  "text": "(1) An application for reconsideration under Article 135 (application for reconsideration) shall be made in writing and shall be accompanied by –\n(a) either—\n(i) a protected benefits quotation in relation to the scheme, or\n(ii) written evidence which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected benefits quotation but were unable to do so, and\n(b) audited scheme accounts in relation to the scheme for the period which –\n(i) begins with the date of the last audited scheme accounts in relation to the scheme, and\n(ii) ends with any day within the period of 6 months preceding the date on which the application is made.\n(2) An application for reconsideration shall contain the following information –\n(a) a description of the type or purpose of the application;\n(b) the name, address and pension scheme registration number of the scheme in respect of which the application is made;\n(c) the name and address of the employer in relation to the scheme;\n(d) the name and address of the trustees or managers of the scheme in respect of which the application is made;\n(e) the date on which the trustees or managers of the scheme received a binding scheme failure notice issued by the Board in respect of the scheme;\n(f) the date on which the trustees or managers of the scheme received a binding valuation notice under Article 129(3) (binding valuations) or a binding determination notice under Article 127A(4) (determinations under Article 127) issued by the Board in respect of the scheme;\n(g) the date on which the application was sent to the Board by the trustees or managers of the scheme;\n(h) where the application is accompanied by a protected benefits quotation, the cost quoted in the protected benefits quotation which accompanies the application;\n(i) where the application is accompanied by a protected benefits quotation, the value of the assets of the scheme adjusted to take into account any outstanding liabilities of the scheme which are not covered by the protected benefits quotation which accompanies the application, and\n(j) the estimated cost of winding the scheme up.\n(3) The prescribed period referred to in Article 135(6) as “the authorised period” for making an application for reconsideration is the period of 6 months.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 24(1)(a) substituted (23.7.2012) by The Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/270), regs. 1, 3(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 24(1)(b)(ii) substituted (6.4.2005) by The Pension Protection Fund and Pensions Regulator (Amendment) Regulations (Northern Ireland) 2005 (S.R. 2005/194), regs. 1, 3(7)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 24(2)(f) inserted (23.7.2012) by The Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/270), regs. 1, 3(b)(i)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 24(2)(h)(i) inserted (23.7.2012) by The Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/270), regs. 1, 3(b)(ii)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 24 in operation at 6.4.2005, see reg. 1(1)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2005/126/regulation/24",
    "retrieved_at": "2026-10-29T01:53:28.757539+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."
}