# The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006, Regulation 14: Fractional amounts in the calculation of periodic compensation payments


Where periodic compensation paid by the Board in accordance with regulation 13 would, but for this regulation, include a fraction of a penny, that fraction shall be rounded—
(a) up to the nearest penny if the fractional amount is 0.5 or more; or
(b) down to the nearest penny if the fractional amount is less than 0.5.

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Source: https://www.legislation.gov.uk/uksi/2006/580/regulation/14 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-general-and-miscellaneous-amendments-regulations-2006/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.