# The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005, Regulation 8: Reconsideration

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

(1) Section 151 of the Act (application for reconsideration) applies as if, in subsection (8)—
(a) in the definition of “audited scheme accounts”, for the words “a scheme” there were substituted the words “ an unsecured part ”; and
(b) in the definition of “protected benefits quotation”—
(i) for the words “a scheme” there were substituted the words “ an unsecured part ”;
(ii) for the words “member of the scheme” there were substituted the words “ member of the unsecured part ”; and
(iii) in paragraph (a) of that definition, for the words “responsibility for the scheme” there were substituted the words “ responsibility for the unsecured part ”.
(2) Section 152 of the Act (duty to assume responsibility following reconsideration) applies as if—
(a) in subsection (2B), for the words “protected liabilities” there were substituted the words “protected liabilities of the unsecured part”; and
(b) in subsection (9)(b), for the words “liabilities of the scheme” there were substituted the words “liabilities of the unsecured part

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Source: https://www.legislation.gov.uk/uksi/2005/277/regulation/8 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-partially-guaranteed-schemes-modification-regulations-2005/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.