# The Pension Protection Fund (Tax) Regulations 2006, Regulation 36


(1) If the Board of the Pension Protection Fund acquires more than half the ordinary share capital of a company (so that, accordingly, the condition in paragraph (a) of section 769(1) of ICTA is met), there is no change in the ownership of the company for the purposes of sections 767A to 768E of ICTA (change in ownership of company).
(2) This regulation is to be construed as one with sections 767A to 768E of ICTA.

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Source: https://www.legislation.gov.uk/uksi/2006/575/regulation/36 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-tax-regulations-2006/regulation-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.