The Occupational Pension Schemes (Employer Debt) Regulations 2005

Disregard of staying of voluntary winding up of employer for purposes of section 75 of the 1995 ActU.K.

This adran has no associated Memorandwm Esboniadol

17.—(1) This regulation applies for the purposes of [F1section 75(6D)(b)(i)] of the 1995 Act (by virtue of which where a members' voluntary winding up of an employer is stayed section 75 of the 1995 Act has effect as if the resolution for the winding up had never been passed and any debt which arose under that section by virtue of the passing of the resolution had never arisen, except where the winding up is stayed in prescribed circumstances).

(2) The circumstances that are prescribed are where the stay is granted for a limited period.

Textual Amendments