Article 104 Duty to notify insolvency events in respect of employers
This Article applies where, in the case of an occupational pension scheme, an insolvency event occurs in relation to the employer.
The insolvency practitioner in relation to the employer must give a notice to that effect within the notification period to—
the Board,
the Regulator, and
the trustees or managers of the scheme.
For the purposes of paragraph (2) the “notification period” is the prescribed period beginning with the later of—
the insolvency date, and
the date the insolvency practitioner becomes aware of the existence of the scheme.
A notice under this Article must be in such form and contain such information as may be prescribed.
Annotations
Textual amendments
- F1
mod. by SR 2005/91
Notes on Part III
Modifications
- C1
Pt. III (arts. 101-199) applied by S.R. 2005/55, reg. 2A (as inserted (8.3.2010) by Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2010 (S.R. 2010/32), reg. 2(4))
- C2
Pt. III amendment to earlier affecting provision S.R. 2005/91 (23.7.2012) by The Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/270), regs. 1, 2
- C3
Pt. III modified by S.R. 2005/55 (as amended) (30.4.2013) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/95), regs. 1(2), 3