{
  "url": "https://openlegislation.uk/pension-protection-fund-risk-based-pension-protection-levy-regulations-northern-ireland-2006/note",
  "json_url": "https://openlegislation.uk/pension-protection-fund-risk-based-pension-protection-levy-regulations-northern-ireland-2006/note.json",
  "legislation": "nisr/2006/92",
  "legislation_title": "The Pension Protection Fund (Risk-based Pension Protection Levy) Regulations (Northern Ireland) 2006",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-risk-based-pension-protection-levy-regulations-northern-ireland-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations make provision in relation to the imposition by the Board of the Pension Protection Fund (“the Board”) of a risk-based pension protection levy, which is a levy assessed by reference to (amongst other things) risk factors prescribed by the Board.\nRegulation 2 provides that, when assessing the amount of the risk-based pension protection levy payable by an eligible scheme in accordance with Article 158 of the Pensions (Northern Ireland) Order 2005 (“the Order”), the Board may take into account the nature of, and any risks associated with, any arrangements which may reduce the risk of compensation being payable from the Pension Protection Fund in the event of an insolvency event occurring in respect of an employer in relation to the scheme.\nThe Pensions (2005 Order) (Commencement No. 7) Order (Northern Ireland) 2005 (S.R. 2005 No. 543 (C. 37)) provides for the coming into operation of Article 158(3)(b), one of the enabling provisions under which these Regulations are made, on 9th December 2005.\nAs these Regulations are made before the end of the period of six months beginning with the coming into operation of the provisions of the Order by virtue of which they are made, the requirement to consult under Article 289(1) of the Order does not apply by virtue of paragraph (2)(c) of that Article.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2006/92/note",
    "retrieved_at": "2026-10-29T01:47:59.685416+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."
}