Regulation 3 Amendment of the Pension Protection Fund (Entry Rules) Regulations 2005

(1)

Regulation 24 of the Pension Protection Fund (Entry Rules) Regulations 2005^f1 is amended as follows.

(2)

For paragraph (1)(a) substitute—

“(a)
either–

(i)
a protected benefits quotation in relation to the scheme, or

(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”.

(3)

In paragraph (2)—

(a)

in sub-paragraph (f), after “binding valuation notice” insert “under section 145(3) or a binding determination notice under section 143A(4)”; and

(b)

in sub-paragraphs (h) and (i), insert at the beginning “where the application is accompanied by a protected benefits quotation,”.

Annotations

Footnotes

f1: S.I. 2005/590, amended by S.I. 2005/993; there are other amending instruments but none is relevant.