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Regulation 5 Prescribed periodF1

(1)

Subject to paragraph (2), the period prescribed for the purposes of section 43(9) (financial support directions – prescription of relevant time) is 24 months.

(2)

Until 6th April 2010 (the “Transition Date”), the period at paragraph (1) is reduced by a period equal to the number of complete months then remaining until the Transition Date.

(3)

For the purposes of paragraph (2), a complete month means a period from and including the sixth day of a month to and including the fifth day of the following month.

Annotations

Textual amendments

F1

Reg. 5 substituted (6.4.2009) by Pensions Regulator (Miscellaneous Amendment) Regulations 2009 (S.I. 2009/617), regs. 1, 2(2)