{
  "url": "https://openlegislation.uk/pension-protection-fund-valuation-regulations-northern-ireland-2005/regulation-5",
  "json_url": "https://openlegislation.uk/pension-protection-fund-valuation-regulations-northern-ireland-2005/regulation-5.json",
  "legislation": "nisr/2005/131",
  "legislation_title": "The Pension Protection Fund (Valuation) Regulations (Northern Ireland) 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-valuation-regulations-northern-ireland-2005",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Valuation of assets",
  "text": "Subject to regulations 3 and 7, in determining the value of the assets of a scheme for the purposes of obtaining an Article 127 valuation or an Article 162 valuation, the appropriate person shall adopt the value given of the assets of the scheme stated in the relevant accounts, less the amount of the external liabilities, and that value shall be taken to be the value of those assets at the relevant time.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 5 in operation at 6.4.2005, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words omitted",
      "affecting": "nisr/2006/155",
      "affecting_title": "The Pension Protection Fund (General and Miscellaneous Amendments) Regulations (Northern Ireland) 2006"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2005/131/regulation/5",
    "retrieved_at": "2026-10-29T01:53:24.511649+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."
}