Amendment of the Pension Protection Fund (Valuation) Regulations 2005
This
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Memorandwm Esboniadol
4.—(1) The Pension Protection Fund (Valuation) Regulations 2005(1) are amended in accordance with this regulation.
(2) In regulation 1(2) (interpretation) in paragraph (b) of the definition of “relevant accounts”, for “true and fair value” substitute “true and fair view”.
(1)
S.I. 2005/672. Relevant amending instruments are S.I.s 2005/2113 and 2007/782.