http://www.legislation.gov.uk/ukpga/2004/35/section/152Pensions Act 2004An Act to make provision relating to pensions and financial planning for retirement and provision relating to entitlement to bereavement payments, and for connected purposes.texttext/xmlenStatute Law Database2024-06-03Expert Participation2024-04-06 Part 2The Board of the Pension Protection FundChapter 3Pension protection<Emphasis>Reconsideration</Emphasis><CommentaryRef Ref="key-a7ed8489e179b987a8f0f27af89fb104"/><CommentaryRef Ref="key-8ae4f61b00045ebee33fee3b22100c82"/>Duty to assume responsibility following reconsideration1521This section applies where an application is made in respect of a scheme in accordance with section 151.1ASubsection (2) applies where the application is accompanied by a protected benefits quotation.2The Board must assume responsibility for the scheme in accordance with this Chapter if it is satisfied that the value of the assets of the scheme at the reconsideration time is less than the aggregate of—athe amount quoted in the protected benefits quotation accompanying the application,bthe amount at that time of the liabilities of the scheme which are not liabilities to, or in respect of, members of the scheme, andcthe estimated costs of winding up the scheme at that time.2ASubsection (2B) applies where—athe application is accompanied by evidence in the prescribed form which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected benefits quotation but were unable to do so, andbthe Board is satisfied that that is the case.2BThe Board must assume responsibility for the scheme in accordance with this Chapter if it is satisfied that the value of the assets of the scheme at the reconsideration time is less than the amount of the protected liabilities at that time.3Where the Board makes a determination for the purposes of subsection (2) or (2B), it must issue a notice to that effect (a “determination notice”) and give a copy of that notice to—athe trustees or managers of the scheme, andbthe Regulator.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5But where the Board is satisfied of the matters mentioned in subsection (2) or (2B), it is not required to assume responsibility for the scheme under that subsection until the determination notice issued under subsection (3) becomes binding.6For the purposes of subsection (5) a determination notice is not binding until—athe period within which the issue of the notice may be reviewed by virtue of Chapter 6 has expired, andbif the issue of the notice is so reviewed—ithe review and any reconsideration,iiany reference to the PPF Ombudsman in respect of the issue of the notice, andiiiany appeal against his determination or directions,has been finally disposed of and the notice has not been revoked, varied or substituted.7Where a determination notice issued under subsection (3) becomes binding, the Board must as soon as reasonably practicable give a notice to that effect together with a copy of the binding notice to—athe trustees or managers of the scheme, andbthe Regulator.8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9The Board may—afor the purposes of subsection (2), obtain its own valuation of the assets of the scheme as at the reconsideration time (within the meaning of section 151), andbfor the purposes of subsection (2)(b), obtain its own valuation of the liabilities of the scheme as at that time;and where it does so, subsections (9)(b), (10) and (11) of section 151 apply in relation to the valuation as they apply in relation to the scheme accounts (within the meaning of that section).10 Where subsection (2) applies, regulations under subsection (4) of section 143, and guidance under subsection (6) of that section, apply for the purposes of this section in relation to the estimated costs within subsection (2)(c) as they apply for the purposes of section 143 in relation to protected liabilities within section 131(1)(c).10AThe Board may, for the purposes of subsection (2B), obtain its own valuation of the assets of the scheme and the protected liabilities of the scheme as at the reconsideration time (within the meaning of section 151).10BA valuation under subsection (10A) must be prepared in accordance with such requirements as may be prescribed.10CSection 143(3) to (6) applies in relation to a determination under subsection (2B) and a valuation under subsection (10A) as it applies in relation to a determination under section 143(2)(a) and an actuarial valuation obtained under section 143(2)(b).10DIn the application of section 143 by virtue of subsection (10C)—areferences to the relevant time are to be read as references to the reconsideration time (within the meaning of section 151), andbreferences to the pre-approval period are to be read as references to the period which begins immediately after the reconsideration time, and ends immediately before the Board first issues a determination notice under this section.11In this section references to the assets of the scheme do not include assets representing the value of any rights in respect of money purchase benefits under the scheme rules.12This section is subject to sections 146 and 147 (refusal to assume responsibility for a scheme).Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72S. 152(1)-(3)(5)-(7)(9)-(12) in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7Pt. 2 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1Pt. 2 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1 (as amended (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 5(2), 13; (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 5, 18; (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 5, 15)S. 152(1A) inserted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(2); S.I. 2012/1681, art. 3(b)(iii)S. 152(10A)-(10D) inserted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(9); S.I. 2012/1681, art. 3(b)(iii)S. 152(2A)(2B) inserted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(3); S.I. 2012/1681, art. 3(b)(iii)Words in s. 152(3) inserted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(4)(a); S.I. 2012/1681, art. 3(b)(iii)Words in s. 152(3) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(4)(b); S.I. 2012/1681, art. 3(b)(iii)S. 152(4) omitted (23.7.2012) by virtue of Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(5); S.I. 2012/1681, art. 3(b)(iii)S. 152(8) omitted (23.7.2012) by virtue of Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(7); S.I. 2012/1681, art. 3(b)(iii)Words in s. 152(5) inserted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(6)(a); S.I. 2012/1681, art. 3(b)(iii)Words in s. 152(5) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(6)(b); S.I. 2012/1681, art. 3(b)(iii)Words in s. 152(10) substituted (23.7.2012) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 15(8); S.I. 2012/1681, art. 3(b)(iii)Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except Ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72 (as amended (23.7.2012) by The Pension Protection Fund (Miscellaneous Amendments) Regulations 2012 (S.I. 2012/1688), regs. 1(2), 2(1)-(19); (24.1.2013) by The Pension Protection Fund (Miscellaneous Amendments) (No. 2) Regulations 2012 (S.I. 2012/3083), regs. 1(2)(b), 2 (with reg. 10))Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11 (as amended (8.3.2010) by The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/196), regs. 1, 2(3)-(5); (30.4.2013) by The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/627), regs. 1(1), 8(4)(5))Pt. 2 applied in part (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c. 19 - see S.I. 2014/1683, art. 2
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<ukm:UnappliedEffect AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2008" AffectingProvisions="Sch. 10 para. 6" RequiresApplied="true" AffectedExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" AffectingNumber="30" Modified="2024-05-22T08:35:15Z" URI="http://www.legislation.gov.uk/id/effect/key-c958e55657761bbee4abf4ee41ecf55f" AffectedYear="2004" AffectedProvisions="s. 188(1)(ba)" AffectingClass="UnitedKingdomPublicGeneralAct" Type="inserted" EffectId="key-c958e55657761bbee4abf4ee41ecf55f" AffectedNumber="35" AppliedModified="2013-12-11T22:01:50.027Z" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Row="47">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-188-1-ba" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/188/1/ba" FoundRef="section-188">s. 188(1)(ba)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10">Sch. 10 </ukm:Section>
<ukm:Section Ref="schedule-10-paragraph-6" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10/paragraph/6">para. 6</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedYear="2004" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="Sch. 10 para. 7" AffectingYear="2008" AffectingClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-50e8048ba769a3a4a10d27385322c2d0" Row="48" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" AffectedNumber="35" EffectId="key-50e8048ba769a3a4a10d27385322c2d0" AppliedModified="2013-12-11T22:01:50.027Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedExtent="E+W+S" RequiresApplied="true" Modified="2024-05-22T08:35:15Z" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Comments="Confers Power" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 189A" Type="inserted" AffectingNumber="30">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-189A" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/189A" err:Ref="Section missing in legislation" Missing="true">s. 189A</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10">Sch. 10 </ukm:Section>
<ukm:Section Ref="schedule-10-paragraph-7" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10/paragraph/7">para. 7</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" EffectId="key-44e50491cd05da38b994328e245e43b8" AffectedYear="2004" Row="49" AppliedModified="2013-12-11T22:01:50.027Z" AffectingNumber="30" Type="added" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="true" AffectedNumber="35" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Sch. 10 para. 8" AffectedProvisions="s. 209(9)" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingYear="2008" AffectedExtent="E+W+S" AffectingClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-44e50491cd05da38b994328e245e43b8" Modified="2024-05-22T08:35:15Z" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-209-9" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/209/9" FoundRef="section-209">s. 209(9)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10">Sch. 10 </ukm:Section>
<ukm:Section Ref="schedule-10-paragraph-8" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/10/paragraph/8">para. 8</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AppliedModified="2013-12-11T22:01:50.027Z" RequiresApplied="false" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedExtent="E+W+S" AffectedNumber="35" Row="67" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingYear="2008" URI="http://www.legislation.gov.uk/id/effect/key-b059171ebfcf69cc5ab39d50fa427be0" Type="words in Sch. 4 para. 7(5) renumbered as Sch. 4 para. 7(5)(a)" AffectedProvisions="Sch. 4 para. 7(5)(a)" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedYear="2004" AffectingProvisions="s. 44(8)(a)" AffectingNumber="30" Modified="2024-05-22T08:35:15Z" AffectedClass="UnitedKingdomPublicGeneralAct" EffectId="key-b059171ebfcf69cc5ab39d50fa427be0">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4">Sch. 4 </ukm:Section>
<ukm:Section Ref="schedule-4-paragraph-7-5-a" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4/paragraph/7/5/a" FoundRef="schedule-4-paragraph-7">para. 7(5)(a)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-44-8-a" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/44/8/a">s. 44(8)(a)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Prospective="true" Qualification=""/>
<ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2012/1682" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2012-06-30" Qualification="wholly in force" CommencingYear="2012" CommencingNumber="1682">
<ukm:CommencingProvisions>
<ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/article/2">art. 2</ukm:Section>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/schedule/2">Sch. 2</ukm:Section>
</ukm:CommencingProvisions>
</ukm:InForce>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" AppliedModified="2013-12-11T22:01:50.027Z" AffectedProvisions="Sch. 4 para. 7(5)(b)" RequiresApplied="false" AffectedExtent="E+W+S" Row="68" URI="http://www.legislation.gov.uk/id/effect/key-4a3acfd8cfadcff749e772e899fccf31" Modified="2024-05-22T08:35:15Z" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingYear="2008" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" EffectId="key-4a3acfd8cfadcff749e772e899fccf31" AffectingProvisions="s. 44(8)(b)" AffectedNumber="35" AffectedYear="2004" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectingNumber="30" Type="inserted">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4">Sch. 4 </ukm:Section>
<ukm:Section Ref="schedule-4-paragraph-7-5-b" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4/paragraph/7/5/b" FoundRef="schedule-4-paragraph-7">para. 7(5)(b)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-44-8-b" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/44/8/b">s. 44(8)(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Prospective="true" Qualification=""/>
<ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2012/1682" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2012-06-30" Qualification="wholly in force" CommencingYear="2012" CommencingNumber="1682">
<ukm:CommencingProvisions>
<ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/article/2">art. 2</ukm:Section>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/schedule/2">Sch. 2</ukm:Section>
</ukm:CommencingProvisions>
</ukm:InForce>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Modified="2024-05-22T08:35:15Z" AffectedYear="2004" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" Row="70" AffectedProvisions="Sch. 4 para. 13(3)" Type="inserted" AffectingProvisions="s. 44(9)(b)" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" AffectedNumber="35" AppliedModified="2013-12-11T22:01:50.027Z" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" EffectId="key-9d31ad03908125153311aa83ed186887" AffectedExtent="E+W+S" AffectingNumber="30" RequiresApplied="false" AffectingYear="2008" URI="http://www.legislation.gov.uk/id/effect/key-9d31ad03908125153311aa83ed186887">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4">Sch. 4 </ukm:Section>
<ukm:Section Ref="schedule-4-paragraph-13-3" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/4/paragraph/13/3" FoundRef="schedule-4-paragraph-13">para. 13(3)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-44-9-b" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/44/9/b">s. 44(9)(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Prospective="true" Qualification=""/>
<ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2012/1682" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2012-06-30" Qualification="wholly in force" CommencingYear="2012" CommencingNumber="1682">
<ukm:CommencingProvisions>
<ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/article/2">art. 2</ukm:Section>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2012/1682/schedule/2">Sch. 2</ukm:Section>
</ukm:CommencingProvisions>
</ukm:InForce>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="Sch. 8 para. 11" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2008/30" Type="substituted for Sch. 7 para. 21(2)(b)(c)" Row="72" AffectedExtent="E+W+S" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedProvisions="Sch. 7 para. 21(2)(c)-(cc)" AffectingNumber="30" AffectedNumber="35" AffectingYear="2008" EffectId="key-ae08bd307a25c429c10b3cf4b1061f72" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2004" RequiresApplied="false" URI="http://www.legislation.gov.uk/id/effect/key-ae08bd307a25c429c10b3cf4b1061f72" Comments="Repealed without ever being in force" Modified="2024-05-22T08:35:15Z" Notes="This amendment not applied to legislation.gov.uk. Sch. 8 para. 10 (3.1.2012) omitted without ever being in force by virtue of 2011 c. 19, Sch. 4 para. 20; S.I. 2011/3034 art. 3(i)(iv)" AppliedModified="2013-12-11T22:01:50.027Z" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="schedule-7" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/7">Sch. 7 </ukm:Section>
<ukm:SectionRange Start="schedule-7-paragraph-21-2-c" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/7/paragraph/21/2/c" End="schedule-7-paragraph-21-2-cc" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/7/paragraph/21/2/cc" FoundEnd="schedule-7-paragraph-21" MissingEnd="true">
<ukm:Section Ref="schedule-7-paragraph-21-2-c" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/7/paragraph/21/2/c">para. 21(2)(c)</ukm:Section>
-
<ukm:Section Ref="schedule-7-paragraph-21-2-cc" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/schedule/7/paragraph/21/2/cc" FoundRef="schedule-7-paragraph-21">(cc)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2008</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-8" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/8">Sch. 8 </ukm:Section>
<ukm:Section Ref="schedule-8-paragraph-11" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/schedule/8/paragraph/11">para. 11</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-149-1" URI="http://www.legislation.gov.uk/id/ukpga/2008/30/section/149/1">s. 149(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingProvisions="s. 104(2)" AffectingYear="2021" AffectedExtent="E+W+S" AffectedProvisions="s. 38(7)(da)" Type="inserted" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="1" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2004" URI="http://www.legislation.gov.uk/id/effect/key-80179df5f0ccd9231a58f5eb2ec8add2" Modified="2024-05-22T08:35:15Z" Row="15" RequiresApplied="true" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedNumber="35" EffectId="key-80179df5f0ccd9231a58f5eb2ec8add2" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/1">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-38-7-da" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/38/7/da" FoundRef="section-38">s. 38(7)(da)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2021</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-104-2" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/104/2">s. 104(2)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-131-1" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/1">s. 131(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingNumber="1" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="true" AffectingYear="2021" EffectId="key-b0c1230a6619b0a1c89c3088d499c2d0" AffectedYear="2004" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/1" AffectingClass="UnitedKingdomPublicGeneralAct" Row="20" Type="inserted" AffectingProvisions="s. 109(3)" AffectedNumber="35" Modified="2024-05-22T08:35:15Z" URI="http://www.legislation.gov.uk/id/effect/key-b0c1230a6619b0a1c89c3088d499c2d0" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 80(1)(a)(iib)" AffectedExtent="E+W+S" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-80-1-a" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/80/1/a">s. 80(1)(a)</ukm:Section>
<ukm:Section Ref="section-80-1-iib" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/80/1/iib" FoundRef="section-80">(iib)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2021</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-109-3" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/109/3">s. 109(3)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-131-1" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/1">s. 131(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect Row="59" URI="http://www.legislation.gov.uk/id/effect/key-d29fa2e87a4be7b6562c98b53c711160" RequiresApplied="false" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2024-05-22T08:35:15Z" AffectingProvisions="Sch. 3 para. 19(b)" AffectedNumber="35" EffectId="key-d29fa2e87a4be7b6562c98b53c711160" AffectingNumber="1" AffectedYear="2004" AffectedExtent="E+W+S" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedProvisions="s. 291(4)(f) and word" AffectingYear="2021" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/1" Type="inserted">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-291-4-f" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/291/4/f" FoundRef="section-291">s. 291(4)(f)</ukm:Section>
and word
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2021</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-3" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3">Sch. 3 </ukm:Section>
<ukm:Section Ref="schedule-3-paragraph-19-b" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/schedule/3/paragraph/19/b">para. 19(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-131-1" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/1">s. 131(1)</ukm:Section>
<ukm:Section Ref="section-131-3-a" URI="http://www.legislation.gov.uk/id/ukpga/2021/1/section/131/3/a">s. 131(3)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Date="2021-02-11" Qualification="for specified purposes"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect EffectId="key-49c9364128c0405f527ad7e63ed90326" AffectedYear="2004" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" URI="http://www.legislation.gov.uk/id/effect/key-49c9364128c0405f527ad7e63ed90326" Type="inserted" AffectedClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectedExtent="E+W+S" Modified="2024-05-22T08:35:15Z" AffectingProvisions="Sch. 2 para. 26(3)" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 23(1A)" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="8" Row="11" AffectingYear="2015" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedNumber="35">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-23-1A" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/23/1A" FoundRef="section-23">s. 23(1A)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-26-3" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/26/3">para. 26(3)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedExtent="E+W+S" RequiresApplied="true" AffectingClass="UnitedKingdomPublicGeneralAct" EffectId="key-a89527790b7e936015462cf2969cdf7b" AffectedNumber="35" AffectingYear="2015" AffectingProvisions="Sch. 2 para. 26(5)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" Modified="2024-05-22T08:35:15Z" AffectedProvisions="s. 23(10A)" AffectedYear="2004" AffectingNumber="8" Row="13" Type="inserted" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" URI="http://www.legislation.gov.uk/id/effect/key-a89527790b7e936015462cf2969cdf7b">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-23-10A" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/23/10A" FoundRef="section-23">s. 23(10A)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-26-5" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/26/5">para. 26(5)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingProvisions="Sch. 2 para. 27" EffectId="key-b81068b7d87411b9e52a05a373639d1a" AffectedNumber="35" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" Row="14" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedExtent="E+W+S" Modified="2024-05-22T08:35:15Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedProvisions="s. 38(1)-(1B)" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="8" Type="substituted for s. 38(1)" URI="http://www.legislation.gov.uk/id/effect/key-b81068b7d87411b9e52a05a373639d1a" AffectedYear="2004" AffectingYear="2015">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-38-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/38/1" End="section-38-1B" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/38/1B" FoundEnd="section-38" MissingEnd="true">
<ukm:Section Ref="section-38-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/38/1">s. 38(1)</ukm:Section>
-
<ukm:Section Ref="section-38-1B" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/38/1B" FoundRef="section-38">(1B)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-27" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/27">para. 27</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingProvisions="Sch. 2 para. 28(2)" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomPublicGeneralAct" Row="16" Modified="2024-05-22T08:35:15Z" AffectedExtent="E+W+S" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" Type="substituted for s. 43(1)" AffectedProvisions="s. 43(1)-(1B)" AffectingNumber="8" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" AffectedYear="2004" AffectedNumber="35" URI="http://www.legislation.gov.uk/id/effect/key-1aa979989ecb84a54831e58f906bdb9c" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="true" AffectingYear="2015" EffectId="key-1aa979989ecb84a54831e58f906bdb9c">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-43-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/43/1" End="section-43-1B" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/43/1B" FoundEnd="section-43" MissingEnd="true">
<ukm:Section Ref="section-43-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/43/1">s. 43(1)</ukm:Section>
-
<ukm:Section Ref="section-43-1B" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/43/1B" FoundRef="section-43">(1B)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-28-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/28/2">para. 28(2)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedYear="2004" Type="substituted for s. 52(1)" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedNumber="35" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" AffectedExtent="E+W+S" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 52(1)-(1B)" AffectingYear="2015" Comments="Contains power" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Row="18" URI="http://www.legislation.gov.uk/id/effect/key-111c865d0f84895a5bfacde0433a18f7" AffectingProvisions="Sch. 2 para. 29" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Modified="2024-05-22T08:35:15Z" RequiresApplied="true" AffectingNumber="8" EffectId="key-111c865d0f84895a5bfacde0433a18f7">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-52-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/52/1" End="section-52-1B" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/52/1B" FoundEnd="section-52" MissingEnd="true">
<ukm:Section Ref="section-52-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/52/1">s. 52(1)</ukm:Section>
-
<ukm:Section Ref="section-52-1B" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/52/1B" FoundRef="section-52">(1B)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-29" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/29">para. 29</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect EffectId="key-27cd9a3dbabc9ac96f108d3382bc7d56" AffectingProvisions="Sch. 2 para. 31" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" Row="26" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2024-05-22T08:35:15Z" AffectingNumber="8" RequiresApplied="true" AffectedProvisions="s. 126(1)-(1B)" AffectingYear="2015" AffectedYear="2004" Comments="Contains power" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" URI="http://www.legislation.gov.uk/id/effect/key-27cd9a3dbabc9ac96f108d3382bc7d56" Type="substituted for s. 126(1)" AffectedExtent="E+W+S" AffectedNumber="35">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-126-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/126/1" End="section-126-1B" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/126/1B" FoundEnd="section-126" MissingEnd="true">
<ukm:Section Ref="section-126-1" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/126/1">s. 126(1)</ukm:Section>
-
<ukm:Section Ref="section-126-1B" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/126/1B" FoundRef="section-126">(1B)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-31" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/31">para. 31</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedClass="UnitedKingdomPublicGeneralAct" Type="inserted" AffectingYear="2015" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="8" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectingProvisions="Sch. 2 para. 38(3)(a)" Row="63" Modified="2024-05-22T08:35:15Z" AffectedYear="2004" AffectedExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" RequiresApplied="true" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedNumber="35" EffectId="key-4670a5a61f193eef3304079faecfa90a" AffectingClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-4670a5a61f193eef3304079faecfa90a" AffectedProvisions="s. 318(3)(a)(viii)-(x)">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-318-3-a-viii" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/a/viii" FoundStart="section-318" End="section-318-3-a-x" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/a/x" FoundEnd="section-318" MissingEnd="true">
<ukm:Section Ref="section-318-3-a-viii" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/a/viii" FoundRef="section-318">s. 318(3)(a)(viii)</ukm:Section>
-
<ukm:Section Ref="section-318-3-a-x" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/a/x" FoundRef="section-318">(x)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-38-3-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/38/3/a">para. 38(3)(a)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedNumber="35" Modified="2024-05-22T08:35:15Z" URI="http://www.legislation.gov.uk/id/effect/key-ed9b8850bec208b98813f17afeeba9ce" AffectedExtent="E+W+S+N.I." AffectingProvisions="Sch. 2 para. 38(3)(b)" EffectId="key-ed9b8850bec208b98813f17afeeba9ce" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2015/8" AffectingClass="UnitedKingdomPublicGeneralAct" Type="inserted" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="8" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2015" Row="64" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="true" AffectedProvisions="s. 318(3)(b)(vi)-(viii)" AffectedYear="2004">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:SectionRange Start="section-318-3-b-vi" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/b/vi" FoundStart="section-318" End="section-318-3-b-viii" UpTo="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/b/viii" FoundEnd="section-318" MissingEnd="true">
<ukm:Section Ref="section-318-3-b-vi" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/b/vi" FoundRef="section-318">s. 318(3)(b)(vi)</ukm:Section>
-
<ukm:Section Ref="section-318-3-b-viii" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/318/3/b/viii" FoundRef="section-318">(viii)</ukm:Section>
</ukm:SectionRange>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pension Schemes Act 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2">Sch. 2 </ukm:Section>
<ukm:Section Ref="schedule-2-paragraph-38-3-b" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/2/paragraph/38/3/b">para. 38(3)(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-87" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/87">s. 87</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-89-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/4/a">s. 89(4)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="19" AffectedProvisions="s. 18(5A)" AffectedExtent="E+W+S" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2014/19" URI="http://www.legislation.gov.uk/id/effect/key-1569fa37f6e7ddecd01c2154c13413ec" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Row="7" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2004/35" AffectedNumber="35" Comments="Confers power/s - Amendments to s. 18 should be directed at 2013 c. 25" Modified="2024-05-22T08:35:15Z" AffectingYear="2014" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2004" RequiresApplied="false" Type="inserted" EffectId="key-1569fa37f6e7ddecd01c2154c13413ec" AffectingProvisions="s. 52(2)" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D">
<ukm:AffectedTitle>Pensions Act 2004</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-18-5A" URI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/18/5A" FoundRef="section-18">s. 18(5A)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Pensions Act 2014</ukm:AffectingTitle>
<ukm:AffectingProvisions>
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<Strong>Part 2</Strong>
</Number>
<Title>The Board of the Pension Protection Fund</Title>
<Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/part/2/chapter/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/part/2/chapter/3" NumberOfProvisions="59" id="part-2-chapter-3" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-12-31">
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Chapter 3
</Number>
<Title>Pension protection</Title>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/part/2/chapter/3/crossheading/reconsideration" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/part/2/chapter/3/crossheading/reconsideration" NumberOfProvisions="2" RestrictExtent="E+W+S" id="part-2-chapter-3-crossheading-reconsideration" RestrictStartDate="2012-07-23">
<Title>
<Emphasis>Reconsideration</Emphasis>
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<P1group ConfersPower="true" RestrictExtent="E+W+S" RestrictStartDate="2012-07-23">
<Title>
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Duty to assume responsibility following reconsideration
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152" id="section-152">
<Pnumber PuncAfter="">152</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/1" RestrictStartDate="2005-04-06" id="section-152-1">
<Pnumber>
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1
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<P2para>
<Text>This section applies where an application is made in respect of a scheme in accordance with section 151.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/1A" id="section-152-1A">
<Pnumber>
<Addition ChangeId="key-dd534ece0dcdbd6fafeecc307edf23d8-1594839853369" CommentaryRef="key-dd534ece0dcdbd6fafeecc307edf23d8">1A</Addition>
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<Text>
<Addition ChangeId="key-dd534ece0dcdbd6fafeecc307edf23d8-1594839853369" CommentaryRef="key-dd534ece0dcdbd6fafeecc307edf23d8">Subsection (2) applies where the application is accompanied by a protected benefits quotation.</Addition>
</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2" RestrictStartDate="2005-04-06" id="section-152-2">
<Pnumber>
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2
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<P2para>
<Text>The Board must assume responsibility for the scheme in accordance with this Chapter if it is satisfied that the value of the assets of the scheme at the reconsideration time is less than the aggregate of—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2/a" id="section-152-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the amount quoted in the protected benefits quotation accompanying the application,</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2/b" id="section-152-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the amount at that time of the liabilities of the scheme which are not liabilities to, or in respect of, members of the scheme, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2/c" id="section-152-2-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the estimated costs of winding up the scheme at that time.</Text>
</P3para>
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</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2A" id="section-152-2A">
<Pnumber>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">2A</Addition>
</Pnumber>
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<Text>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">Subsection (2B) applies where—</Addition>
</Text>
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<Pnumber>
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<Text>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">the application is accompanied by evidence in the prescribed form which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected benefits quotation but were unable to do so, and</Addition>
</Text>
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<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2A/b" id="section-152-2A-b">
<Pnumber>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">the Board is satisfied that that is the case.</Addition>
</Text>
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</P3>
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</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/2B" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/2B" id="section-152-2B">
<Pnumber>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">2B</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-c6c639c7846a4009517eb5079f2f8326-1594839968047" CommentaryRef="key-c6c639c7846a4009517eb5079f2f8326">The Board must assume responsibility for the scheme in accordance with this Chapter if it is satisfied that the value of the assets of the scheme at the reconsideration time is less than the amount of the protected liabilities at that time.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/3" RestrictStartDate="2005-04-06" id="section-152-3">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
3
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<P2para>
<Text>
Where the Board makes a determination for the purposes of subsection (2)
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, it must issue
<Substitution ChangeId="key-cf0f83bed6e56575cfad464aa9255d2f-1594840133061" CommentaryRef="key-cf0f83bed6e56575cfad464aa9255d2f">a notice to that effect (a “determination notice”)</Substitution>
and give a copy of that notice to—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/3/a" id="section-152-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the trustees or managers of the scheme, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/3/b" id="section-152-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the Regulator.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/4" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/4" RestrictStartDate="2005-04-06" id="section-152-4">
<Pnumber>
<CommentaryRef Ref="key-6e7aea88f26d0f185f8046ffac6b515b"/>
4
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/5" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/5" RestrictStartDate="2005-04-06" id="section-152-5">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
5
</Pnumber>
<P2para>
<Text>
But where the Board is satisfied of the matters mentioned in subsection (2)
<Addition ChangeId="key-a9821ad2b27534ff631250239396d9c1-1594840311776" CommentaryRef="key-a9821ad2b27534ff631250239396d9c1">or (2B)</Addition>
, it is not required to assume responsibility for the scheme
<Substitution ChangeId="key-47f3004c86e93c2a44ae37603006600c-1594840365353" CommentaryRef="key-47f3004c86e93c2a44ae37603006600c">under that subsection</Substitution>
until the determination notice issued under subsection (3) becomes binding.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6" RestrictStartDate="2005-04-06" id="section-152-6">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
6
</Pnumber>
<P2para>
<Text>For the purposes of subsection (5) a determination notice is not binding until—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6/a" id="section-152-6-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the period within which the issue of the notice may be reviewed by virtue of Chapter 6 has expired, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6/b" id="section-152-6-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>if the issue of the notice is so reviewed—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6/b/i" id="section-152-6-b-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>the review and any reconsideration,</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6/b/ii" id="section-152-6-b-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>
any reference to the
<Acronym Expansion="Pension Protection Fund">PPF</Acronym>
Ombudsman in respect of the issue of the notice, and
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/6/b/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/6/b/iii" id="section-152-6-b-iii">
<Pnumber>iii</Pnumber>
<P4para>
<Text>any appeal against his determination or directions,</Text>
</P4para>
</P4>
<Text>has been finally disposed of and the notice has not been revoked, varied or substituted.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/7" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/7" RestrictStartDate="2005-04-06" id="section-152-7">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
7
</Pnumber>
<P2para>
<Text>Where a determination notice issued under subsection (3) becomes binding, the Board must as soon as reasonably practicable give a notice to that effect together with a copy of the binding notice to—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/7/a" id="section-152-7-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the trustees or managers of the scheme, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/7/b" id="section-152-7-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the Regulator.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/8" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/8" RestrictStartDate="2005-04-06" id="section-152-8">
<Pnumber>
<CommentaryRef Ref="key-8da6b17e064dcf074927bcfd55439834"/>
8
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/9" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/9" RestrictStartDate="2005-04-06" id="section-152-9">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
9
</Pnumber>
<P2para>
<Text>The Board may—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/9/a" id="section-152-9-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>for the purposes of subsection (2), obtain its own valuation of the assets of the scheme as at the reconsideration time (within the meaning of section 151), and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/9/b" id="section-152-9-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>for the purposes of subsection (2)(b), obtain its own valuation of the liabilities of the scheme as at that time;</Text>
</P3para>
</P3>
<Text>and where it does so, subsections (9)(b), (10) and (11) of section 151 apply in relation to the valuation as they apply in relation to the scheme accounts (within the meaning of that section).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10" RestrictStartDate="2005-04-06" id="section-152-10">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
10
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-a0cc9f102b0ae763a838af7e68e589f8-1594840409180" CommentaryRef="key-a0cc9f102b0ae763a838af7e68e589f8">Where subsection (2) applies, regulations</Substitution>
under subsection (4) of section 143, and guidance under subsection (6) of that section, apply for the purposes of this section in relation to the estimated costs within subsection (2)(c) as they apply for the purposes of section 143 in relation to protected liabilities within section 131(1)(c).
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10A" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10A" id="section-152-10A">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">10A</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">The Board may, for the purposes of subsection (2B), obtain its own valuation of the assets of the scheme and the protected liabilities of the scheme as at the reconsideration time (within the meaning of section 151).</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10B" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10B" id="section-152-10B">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">10B</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">A valuation under subsection (10A) must be prepared in accordance with such requirements as may be prescribed.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10C" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10C" id="section-152-10C">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">10C</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">Section 143(3) to (6) applies in relation to a determination under subsection (2B) and a valuation under subsection (10A) as it applies in relation to a determination under section 143(2)(a) and an actuarial valuation obtained under section 143(2)(b).</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10D" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10D" id="section-152-10D">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">10D</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">In the application of section 143 by virtue of subsection (10C)—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10D/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10D/a" id="section-152-10D-a">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">references to the relevant time are to be read as references to the reconsideration time (within the meaning of section 151), and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/10D/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/10D/b" id="section-152-10D-b">
<Pnumber>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-693978ee6635db937b8e25d4e15dbb9f-1594839919486" CommentaryRef="key-693978ee6635db937b8e25d4e15dbb9f">references to the pre-approval period are to be read as references to the period which begins immediately after the reconsideration time, and ends immediately before the Board first issues a determination notice under this section.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/11" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/11" RestrictStartDate="2005-04-06" id="section-152-11">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
11
</Pnumber>
<P2para>
<Text>In this section references to the assets of the scheme do not include assets representing the value of any rights in respect of money purchase benefits under the scheme rules.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2004/35/section/152/12" IdURI="http://www.legislation.gov.uk/id/ukpga/2004/35/section/152/12" RestrictStartDate="2005-04-06" id="section-152-12">
<Pnumber>
<CommentaryRef Ref="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840"/>
12
</Pnumber>
<P2para>
<Text>This section is subject to sections 146 and 147 (refusal to assume responsibility for a scheme).</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Pblock>
</Chapter>
</Part>
</Body>
</Primary>
<Commentaries>
<Commentary id="key-a7ed8489e179b987a8f0f27af89fb104" Type="C">
<Para>
<Text>
Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/277" id="c8sipu0q3-00150" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="277" Title="The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005">The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277)</Citation>
,
<CitationSubRef CitationRef="c8sipu0q3-00150" id="c8sipu0q3-00151" URI="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="c8sipu0q3-00150" id="c8sipu0q3-00152" URI="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/2" UpTo="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/11" StartSectionRef="regulation-2" EndSectionRef="regulation-11" Operative="true">2-11</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-8ae4f61b00045ebee33fee3b22100c82" Type="C">
<Para>
<Text>
Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/441" id="c8sipu0q3-00161" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="441" Title="The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005">The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441)</Citation>
,
<CitationSubRef CitationRef="c8sipu0q3-00161" id="c8sipu0q3-00162" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>
,
<CitationSubRef CitationRef="c8sipu0q3-00161" id="c8sipu0q3-00163" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/2" UpTo="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/60" StartSectionRef="regulation-2" EndSectionRef="regulation-60" Operative="true">2-60</CitationSubRef>
,
<CitationSubRef CitationRef="c8sipu0q3-00161" id="c8sipu0q3-00164" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/71" SectionRef="regulation-71">71</CitationSubRef>
,
<CitationSubRef CitationRef="c8sipu0q3-00161" id="c8sipu0q3-00165" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/72" SectionRef="regulation-72">72</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-1c3a1d3e5ef5f5c8e8ee95614a2e6840" Type="I">
<Para>
<Text>
S. 152(1)-(3)(5)-(7)(9)-(12) in force at 6.4.2005 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/275" id="c8sipu0q3-02651" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="275" Title="The Pensions Act 2004 (Commencement No. 2, Transitional Provisions and Consequential Amendments) Order 2005">S.I. 2005/275</Citation>
,
<CitationSubRef id="c8sipu0q3-02652" CitationRef="c8sipu0q3-02651" URI="http://www.legislation.gov.uk/id/uksi/2005/275/article/2/7" SectionRef="article-2-7">art. 2(7)</CitationSubRef>
,
<CitationSubRef id="c8sipu0q3-02653" CitationRef="c8sipu0q3-02651" URI="http://www.legislation.gov.uk/id/uksi/2005/275/schedule/part/7" SectionRef="schedule-part-7" Operative="true">Sch. Pt. 7</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-9f7630100fb0bee3a3dbda1545f54369" Type="C">
<Para>
<Text>
Pt. 2 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/1986" id="cexz0nrl3-00030" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="1986" Title="The Financial Assistance Scheme Regulations 2005">The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986)</Citation>
,
<CitationSubRef CitationRef="cexz0nrl3-00030" id="cexz0nrl3-00031" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cexz0nrl3-00030" id="cexz0nrl3-00032" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/regulation/4" SectionRef="regulation-4">4</CitationSubRef>
,
<CitationSubRef CitationRef="cexz0nrl3-00030" id="cexz0nrl3-00033" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/schedule/1" SectionRef="schedule-1" Operative="true">Sch. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="M_C_5055b213-8be6-481c-c832-455a7658859e" Type="C">
<Para>
<Text>
Pt. 2 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/1986" id="cexz0nrl3-00030n1" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="1986" Title="The Financial Assistance Scheme Regulations 2005">The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986)</Citation>
,
<CitationSubRef id="cc186426260847" CitationRef="cexz0nrl3-00030" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>
,
<CitationSubRef id="cc187365758084" CitationRef="cexz0nrl3-00030" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/regulation/4" SectionRef="regulation-4">4</CitationSubRef>
,
<CitationSubRef id="cc172119336024" CitationRef="cexz0nrl3-00030" URI="http://www.legislation.gov.uk/id/uksi/2005/1986/schedule/1" SectionRef="schedule-1" Operative="true">Sch. 1</CitationSubRef>
(as amended (17.7.2008) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1903" id="cp5n6ic43-00019" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1903" Title="The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008">The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903)</Citation>
,
<CitationSubRef id="cc179525508737" CitationRef="cp5n6ic43-00019" URI="http://www.legislation.gov.uk/id/uksi/2008/1903/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>
,
<CitationSubRef id="cc195960942848" CitationRef="cp5n6ic43-00019" URI="http://www.legislation.gov.uk/id/uksi/2008/1903/regulation/5/2" SectionRef="regulation-5-2" Operative="true">5(2)</CitationSubRef>
,
<CitationSubRef id="cc180158804939" CitationRef="cp5n6ic43-00019" URI="http://www.legislation.gov.uk/id/uksi/2008/1903/regulation/13" SectionRef="regulation-13">13</CitationSubRef>
; (10.7.2009) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1851" id="cthk607x3-00019" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1851" Title="The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009">The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851)</Citation>
,
<CitationSubRef id="cc191845564859" CitationRef="cthk607x3-00019" URI="http://www.legislation.gov.uk/id/uksi/2009/1851/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>
,
<CitationSubRef id="cc144940806397" CitationRef="cthk607x3-00019" URI="http://www.legislation.gov.uk/id/uksi/2009/1851/regulation/5" SectionRef="regulation-5" Operative="true">5</CitationSubRef>
,
<CitationSubRef id="cc104468094020" CitationRef="cthk607x3-00019" URI="http://www.legislation.gov.uk/id/uksi/2009/1851/regulation/18" SectionRef="regulation-18">18</CitationSubRef>
; (2.4.2010) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2010/1149" id="ctn556fi3-00019" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="1149" Title="The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010">The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149)</Citation>
,
<CitationSubRef CitationRef="ctn556fi3-00019" id="ctn556fi3-00020" URI="http://www.legislation.gov.uk/id/uksi/2010/1149/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>
,
<CitationSubRef CitationRef="ctn556fi3-00019" id="ctn556fi3-00021" URI="http://www.legislation.gov.uk/id/uksi/2010/1149/regulation/5" SectionRef="regulation-5" Operative="true">5</CitationSubRef>
,
<CitationSubRef CitationRef="ctn556fi3-00019" id="ctn556fi3-00022" URI="http://www.legislation.gov.uk/id/uksi/2010/1149/regulation/15" SectionRef="regulation-15">15</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-dd534ece0dcdbd6fafeecc307edf23d8" Type="F">
<Para>
<Text>
S. 152(1A) inserted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00008" CitationRef="cua1mnbv3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00009" CitationRef="cua1mnbv3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/2" SectionRef="schedule-4-paragraph-15-2" Operative="true">Sch. 4 para. 15(2)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00010" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00011" CitationRef="cua1mnbv3-00010" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-693978ee6635db937b8e25d4e15dbb9f" Type="F">
<Para>
<Text>
S. 152(10A)-(10D) inserted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00018" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00019" CitationRef="cua1mnbv3-00018" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00020" CitationRef="cua1mnbv3-00018" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/9" SectionRef="schedule-4-paragraph-15-9" Operative="true">Sch. 4 para. 15(9)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00021" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00022" CitationRef="cua1mnbv3-00021" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-c6c639c7846a4009517eb5079f2f8326" Type="F">
<Para>
<Text>
S. 152(2A)(2B) inserted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00030" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00031" CitationRef="cua1mnbv3-00030" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00032" CitationRef="cua1mnbv3-00030" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/3" SectionRef="schedule-4-paragraph-15-3" Operative="true">Sch. 4 para. 15(3)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00033" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00034" CitationRef="cua1mnbv3-00033" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-b75ef9c509045589a95f9a8968c735ac" Type="F">
<Para>
<Text>
Words in s. 152(3) inserted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00041" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00042" CitationRef="cua1mnbv3-00041" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00043" CitationRef="cua1mnbv3-00041" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/4/a" SectionRef="schedule-4-paragraph-15-4-a" Operative="true">Sch. 4 para. 15(4)(a)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00044" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00045" CitationRef="cua1mnbv3-00044" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-cf0f83bed6e56575cfad464aa9255d2f" Type="F">
<Para>
<Text>
Words in s. 152(3) substituted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00052" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00053" CitationRef="cua1mnbv3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00054" CitationRef="cua1mnbv3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/4/b" SectionRef="schedule-4-paragraph-15-4-b" Operative="true">Sch. 4 para. 15(4)(b)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00055" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00056" CitationRef="cua1mnbv3-00055" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-6e7aea88f26d0f185f8046ffac6b515b" Type="F">
<Para>
<Text>
S. 152(4) omitted (23.7.2012) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00061" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00062" CitationRef="cua1mnbv3-00061" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00063" CitationRef="cua1mnbv3-00061" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/5" SectionRef="schedule-4-paragraph-15-5" Operative="true">Sch. 4 para. 15(5)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00064" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00065" CitationRef="cua1mnbv3-00064" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-8da6b17e064dcf074927bcfd55439834" Type="F">
<Para>
<Text>
S. 152(8) omitted (23.7.2012) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00092" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00093" CitationRef="cua1mnbv3-00092" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00094" CitationRef="cua1mnbv3-00092" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/7" SectionRef="schedule-4-paragraph-15-7" Operative="true">Sch. 4 para. 15(7)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00095" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00096" CitationRef="cua1mnbv3-00095" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-a9821ad2b27534ff631250239396d9c1" Type="F">
<Para>
<Text>
Words in s. 152(5) inserted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00072" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00073" CitationRef="cua1mnbv3-00072" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00074" CitationRef="cua1mnbv3-00072" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/6/a" SectionRef="schedule-4-paragraph-15-6-a" Operative="true">Sch. 4 para. 15(6)(a)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00075" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00076" CitationRef="cua1mnbv3-00075" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-47f3004c86e93c2a44ae37603006600c" Type="F">
<Para>
<Text>
Words in s. 152(5) substituted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00083" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00084" CitationRef="cua1mnbv3-00083" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00085" CitationRef="cua1mnbv3-00083" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/6/b" SectionRef="schedule-4-paragraph-15-6-b" Operative="true">Sch. 4 para. 15(6)(b)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00086" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00087" CitationRef="cua1mnbv3-00086" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-a0cc9f102b0ae763a838af7e68e589f8" Type="F">
<Para>
<Text>
Words in s. 152(10) substituted (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2011/19" id="cua1mnbv3-00103" Class="UnitedKingdomPublicGeneralAct" Year="2011" Number="19" Title="Pensions Act 2011">Pensions Act 2011 (c. 19)</Citation>
,
<CitationSubRef id="cua1mnbv3-00104" CitationRef="cua1mnbv3-00103" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/section/38/4" SectionRef="section-38-4">s. 38(4)</CitationSubRef>
,
<CitationSubRef id="cua1mnbv3-00105" CitationRef="cua1mnbv3-00103" URI="http://www.legislation.gov.uk/id/ukpga/2011/19/schedule/4/paragraph/15/8" SectionRef="schedule-4-paragraph-15-8" Operative="true">Sch. 4 para. 15(8)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1681" id="cua1mnbv3-00106" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1681" Title="The Pensions Act 2011 (Commencement No. 3) Order 2012">S.I. 2012/1681</Citation>
,
<CitationSubRef id="cua1mnbv3-00107" CitationRef="cua1mnbv3-00106" URI="http://www.legislation.gov.uk/id/uksi/2012/1681/article/3/b/iii" SectionRef="article-3-b-iii">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="M_C_ccf587bb-6136-4e57-bc24-b44b42367394" Type="C">
<Para>
<Text>
Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except Ch. 4)) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/441" id="c8sipu0q3-00161n1" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="441" Title="The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005">The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441)</Citation>
,
<CitationSubRef id="cc131530045473" CitationRef="c8sipu0q3-00161" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>
,
<CitationSubRef id="cc181755863709" CitationRef="c8sipu0q3-00161" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/2" UpTo="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/60" StartSectionRef="regulation-2" EndSectionRef="regulation-60" Operative="true">2-60</CitationSubRef>
,
<CitationSubRef id="cc136883903683" CitationRef="c8sipu0q3-00161" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/71" SectionRef="regulation-71">71</CitationSubRef>
,
<CitationSubRef id="cc109426791810" CitationRef="c8sipu0q3-00161" URI="http://www.legislation.gov.uk/id/uksi/2005/441/regulation/72" SectionRef="regulation-72">72</CitationSubRef>
(as amended (23.7.2012) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1688" id="cuazs1ze3-00042" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1688" Title="The Pension Protection Fund (Miscellaneous Amendments) Regulations 2012">The Pension Protection Fund (Miscellaneous Amendments) Regulations 2012 (S.I. 2012/1688)</Citation>
,
<CitationSubRef id="cc122403284432" CitationRef="cuazs1ze3-00042" URI="http://www.legislation.gov.uk/id/uksi/2012/1688/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>
,
<CitationSubRef id="cc156640433770" CitationRef="cuazs1ze3-00042" URI="http://www.legislation.gov.uk/id/uksi/2012/1688/regulation/2/1" UpTo="http://www.legislation.gov.uk/id/uksi/2012/1688/regulation/2/19" StartSectionRef="regulation-2-1" EndSectionRef="regulation-2-19" Operative="true">2(1)-(19)</CitationSubRef>
; (24.1.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/3083" id="cub9rxlg3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="3083" Title="The Pension Protection Fund (Miscellaneous Amendments) (No. 2) Regulations 2012">The Pension Protection Fund (Miscellaneous Amendments) (No. 2) Regulations 2012 (S.I. 2012/3083)</Citation>
,
<CitationSubRef CitationRef="cub9rxlg3-00007" id="cub9rxlg3-00008" URI="http://www.legislation.gov.uk/id/uksi/2012/3083/regulation/1/2/b" SectionRef="regulation-1-2-b">regs. 1(2)(b)</CitationSubRef>
,
<CitationSubRef CitationRef="cub9rxlg3-00007" id="cub9rxlg3-00009" URI="http://www.legislation.gov.uk/id/uksi/2012/3083/regulation/2" SectionRef="regulation-2" Operative="true">2</CitationSubRef>
(with
<CitationSubRef CitationRef="cub9rxlg3-00007" id="cub9rxlg3-00010" URI="http://www.legislation.gov.uk/id/uksi/2012/3083/regulation/10" SectionRef="regulation-10">reg. 10</CitationSubRef>
))
</Text>
</Para>
</Commentary>
<Commentary id="M_C_89250d8d-2e97-42ed-8b0c-f03c2fbee42a" Type="C">
<Para>
<Text>
Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2005/277" id="c8sipu0q3-00150n1n1n1" Class="UnitedKingdomStatutoryInstrument" Year="2005" Number="277" Title="The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005">The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277)</Citation>
,
<CitationSubRef CitationRef="c8sipu0q3-00150" id="c8sipu0q3-00151n1n1n1" URI="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="c8sipu0q3-00150" id="c8sipu0q3-00152n1n1n1" URI="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/2" UpTo="http://www.legislation.gov.uk/id/uksi/2005/277/regulation/11" StartSectionRef="regulation-2" EndSectionRef="regulation-11" Operative="true">2-11</CitationSubRef>
(as amended (8.3.2010) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2010/196" id="ctmyjxsl3-00007n1" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="196" Title="The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2010">The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/196)</Citation>
, regs. 1, 2(3)-(5); (30.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/627" id="cuecgapi3-00019n1" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="627" Title="The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013">The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/627)</Citation>
, regs. 1(1), 8(4)(5))
</Text>
</Para>
</Commentary>
<Commentary id="key-483d3a59fcd96500e50be37af78ac6ce" Type="C">
<Para>
<Text>
Pt. 2 applied in part (24.7.2014) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/1711" id="cuilczf33-00052" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="1711" Title="The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</Citation>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00053" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1" SectionRef="regulation-1-1">regs. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00054" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/42/1" SectionRef="regulation-42-1" Operative="true">42(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00055" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/53" SectionRef="regulation-53">53</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00056" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/57" SectionRef="regulation-57">57</CitationSubRef>
(with
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00057" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6" SectionRef="regulation-6">regs. 6</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00058" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41" SectionRef="regulation-41">41</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00059" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1" SectionRef="regulation-44-1">44(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00060" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1" SectionRef="regulation-47-1">47(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00061" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2" SectionRef="regulation-69-2">69(2)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00062" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1" SectionRef="regulation-72-1">72(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuilczf33-00052" id="cuilczf33-00063" URI="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1" SectionRef="regulation-76-1">76(1)</CitationSubRef>
); coming into force immediately after s. 29 of 2011 c. 19 - see S.I. 2014/1683, art. 2
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>