{
  "url": "https://openlegislation.uk/pension-protection-fund-general-and-miscellaneous-amendments-regulations-2006/regulation-12",
  "json_url": "https://openlegislation.uk/pension-protection-fund-general-and-miscellaneous-amendments-regulations-2006/regulation-12.json",
  "legislation": "uksi/2006/580",
  "legislation_title": "The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-general-and-miscellaneous-amendments-regulations-2006",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Method of payment",
  "text": "(1) Subject to paragraphs (2) and (3), PPF compensation shall be paid by way of automated credit transfer into a bank or other account held in the name of the beneficiary.\n(2) Where it is not possible for the Board to pay PPF compensation into an account specified in paragraph (1), the Board may pay PPF compensation by way of automated credit transfer into a bank or other account held in the joint names of the beneficiary and his spouse or civil partner.\n(3) Where it appears to the Board that—\n(a) there has been a failure in the automated credit transfer system in relation to a payment of PPF compensation; or\n(b) the beneficiary does not have a bank or other account held in his own name or in the joint names of him and his spouse or civil partner into which an automated credit transfer could be made,\nPPF compensation may be paid by such other method of payment as appears to the Board to be appropriate to the beneficiary.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/580/regulation/12",
    "retrieved_at": "2026-10-29T04:35:50.366745+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."
}