{
  "url": "https://openlegislation.uk/pension-protection-fund-multi-employer-schemes-modification-regulations-2005/regulation-21",
  "json_url": "https://openlegislation.uk/pension-protection-fund-multi-employer-schemes-modification-regulations-2005/regulation-21.json",
  "legislation": "uksi/2005/441",
  "legislation_title": "The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-multi-employer-schemes-modification-regulations-2005",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Directions",
  "text": "Section 134 of the Act (directions) shall be modified in its application to a section of a scheme to which regulation 14 applies so that it shall be read as if—\n(a) in subsection (2)—\n(i) for the words “the scheme’s protected liabilities do not exceed its assets”, there were substituted the words “the protected liabilities of the section do not exceed its assets”; and\n(ii) for the words “in relation to the scheme”, there were substituted the words “in relation to the segregated scheme in question”; and\n(b) in paragraph (a)(i) of subsection (3), for the words “the trustees or managers” there were substituted the words “any trustees or managers”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 3 substituted (1.8.2005) by The Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/2113), regs. 1(2), 10(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/441/regulation/21",
    "retrieved_at": "2026-10-29T05:08:43.629788+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."
}