Regulation 17 Interpretation

In this Part—

• “approved withdrawal arrangement”, “flexible apportionment arrangement”, “multi-employer scheme”, “regulated apportionment arrangement”, “scheme apportionment arrangement” and “withdrawal arrangement” have the same meanings as in regulation 2(1) M1 of the Employer Debt Regulations;

• “the effective date” is the date by reference to which the assets of a scheme are valued and the amount of the scheme liabilities is calculated;

• “employer” has the same meaning as in Article 75 M2 of the 1995 Order (deficiencies in the assets) and regulations 6 M3 (multi-employer schemes: general) and 9 M4 (frozen schemes and former employers) of the Employer Debt Regulations;

• “the Employer Debt Regulations” means the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 M5;

• “share of the difference”, in relation to an employer participating in a multi-employer scheme, has the meaning given by regulation 2(1) M6 of the Employer Debt Regulations and includes in particular an employer's share under—

  1. (a)

     a scheme apportionment arrangement;

  2. (b)

     a withdrawal arrangement;

  3. (c)

     a flexible apportionment arrangement;

  4. (d)

     an approved withdrawal arrangement, and

  5. (e)

     a regulated apportionment arrangement.