26 Securing of liability for protected rights.N.I.
(1)The [F1Inland Revenue] must be satisfied that the scheme complies with any such requirements as may be prescribed for meeting the whole or a prescribed part of any liability in respect of protected rights under the scheme which the scheme is unable to meet from its own resources—
(a)by reason of the commission by any person of a criminal offence;
(b)in such other circumstances as may be prescribed.
(2)Subsection (1) does not apply to a public service pension scheme.
Textual Amendments
F1Words in s. 26(1) substituted (24.3.1999 for certain purposes and otherwise 1.4.1999) by S.I. 1999/671, arts. 1(2)(b), 3(1), Sch. 1 para. 45; S.R. 1999/149, art. 2(c), Sch. 2