{
  "url": "https://openlegislation.uk/pension-protection-fund-pension-sharing-regulations-2006/note",
  "json_url": "https://openlegislation.uk/pension-protection-fund-pension-sharing-regulations-2006/note.json",
  "legislation": "uksi/2006/1690",
  "legislation_title": "The Pension Protection Fund (Pension Sharing) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-pension-sharing-regulations-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations make provision for the Board of the Pension Protection Fund (“the Board”) to discharge liability in respect of a pension sharing order or provision which has been made prior to the date the trustees or managers of a scheme receive a transfer notice under section 160 of the Pensions Act 2004 (c. 35) (“the 2004 Act”) or article 144 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I.1)), but which has either not come into effect by that date or in relation to which the liabilities of the trustees or managers have not been discharged by that date.\nRegulation 2 modifies sections 27 (scope of mechanism), 30 (cash equivalents) and 46 (interpretation) of, and Schedule 5 (pension credits: mode of discharge) to, the Welfare Reform and Pensions Act 1999 (c. 30) (“the 1999 Act”) to allow the Board to give effect to an order or provision which remains unimplemented.\nRegulation 3 modifies Schedule 7 to the 2004 Act (pension compensation provisions) to provide that where a person’s shareable rights under a pension arrangement are subject to a pension debit, any compensation shall be subject to reduction in accordance with the provisions of section 31 of the 1999 Act.\nAs these Regulations are made before the expiry of the period of six months beginning with the coming into force of the provisions of the 2004 Act by virtue of which they are made, the requirement for the Secretary of State to consult such persons as he considers appropriate does not apply.\nA full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/1690/note",
    "retrieved_at": "2026-10-29T04:26:50.025160+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."
}