# The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005, Regulation 5: Board's duty where application or notification received under section 129

Extent: E+W+S+N.I.

(1) Section 129 of the Act (applications and notifications for the purposes of section 128) shall be modified in its application to a section of a segregated scheme to which regulation 2 applies so that it shall be read as if—
(a) after subsection (1), there were inserted the following subsection—
“(1A) Where the trustees or managers of a section of a segregated scheme make an application to the Board under subsection (1), they must issue a notice to that effect as soon as practicable to the trustees or managers of each section of the scheme (if different) and to all the employers in relation to the scheme.”; and
(b) after subsection (5), there were inserted the following subsection—
“(5A) Where the trustees or managers of a section of a segregated scheme receive a notice from the Board under subsection (5), they must send a copy of that notice as soon as practicable to the trustees or managers of each section of the scheme (if different) and to all the employers in relation to the scheme.”.
(2) Section 130 of the Act (Board's duty where application or notification received under section 129) shall be modified in its application to a section of a segregated scheme to which regulation 2 applies so that it shall be read as if—
(a) after the words “a scheme rescue is not possible” in subsection (2), there were inserted the words “ in relation to the relevant section of a segregated scheme ”;
(b) after the words “a scheme rescue has occurred” in subsection (3), there were inserted the words “ in relation to that section ”;
(c) after subsection (4), there were inserted the following subsection—
“(4A) Where the trustees or managers of a section of a segregated scheme receive a copy of a notice from the Board under subsection (4), they must send a copy of that notice as soon as practicable to the trustees or managers of each section of the scheme (if different) and to all the employers in relation to the scheme.”;
(d) in subsection (5)—
(i) in paragraph (a), for the words “in relation to an occupational pension scheme” there were substituted the words “in relation to a section of a segregated scheme”; and
(ii) in paragraph (b), for the words “in relation to such a scheme” there were substituted the words “in relation to such a section”; and
(e) after subsection (7), there were inserted the following subsection—
“(7A) Where the trustees or managers of a section of a segregated scheme receive a notice from the Board under subsection (7) together with a copy of the binding notice, they must send a copy of the notice and the binding notice as soon as practicable to the trustees or managers of each section of the scheme (if different) and to all the employers in relation to the scheme.”.

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Source: https://www.legislation.gov.uk/uksi/2005/441/regulation/5 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-multi-employer-schemes-modification-regulations-2005/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.