Regulation 6 Amendment of the Pension Protection Fund (Closed Schemes) Regulations 2007

The Pension Protection Fund (Closed Schemes) Regulations 2007^f1 are amended in accordance with this regulation.

In paragraph 1 of Part 1 of the Schedule (valuation of the assets, the full scheme liabilities and the protected liabilities in relation to a closed scheme) in paragraph (b) of the definition of “relevant accounts”, for “true and fair value” substitute “true and fair view”.