Regulation 1 Citation, commencement and interpretationI1

These Regulations may be cited as the Pensions Regulator (Notifiable Events) Regulations (Northern Ireland) 2005 and shall come into operation on 6th April 2005.

In these Regulations –

• “the Order” means the Pensions (Northern Ireland) Order 2005;

• “business” includes trade or profession;

• “control” has the meaning ascribed to it in Article 4(10) of the Insolvency Order (“associate”), and “controlling company” is to be construed accordingly;

• “debt” includes a contingent debt;

• “director” has the meaning given to it in Article 9 of the Companies Order^f1 (“director” and “shadow director”);

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• “scheme assets” means the value of the assets according to the most recent actuarial valuation carried out under Article 203 of the Order (actuarial valuations and reports) or, if no such valuation has been carried out, the most recent valuation carried out under Article 56 of the 1995 Order (minimum funding requirement) and regulations made thereunder.