# The Pension Protection Fund (Tax) (2005-06) Regulations 2005, Regulation 11: Application of the 1992 Act: further provisions


(1) For the purposes of the 1992 Act, any gain accruing to the Board of the Pension Protection Fund from its disposal of investments shall not be a chargeable gain if, or to the extent that, at the time of the disposal, those investments were held by the Board, or on its behalf, for the purposes of one of the Pensions Act Funds.
(2) In paragraph (1) “investments” includes futures contracts and options contracts.
(3) This regulation is to be construed as one with the 1992 Act.

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Source: https://www.legislation.gov.uk/uksi/2005/1907/regulation/11 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-tax-2005-06-regulations-2005/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.