The Pensions (Northern Ireland) Order 2005, Section 128 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
128.—(1 )F1 F2This Article applies where the Board obtains a valuation in respect of a scheme under Article [F3127(2)(b)].
(2) Where the Board is satisfied that the valuation has been prepared in accordance with [F4Article 127], it must—
(a)approve the valuation, and
(b)give a copy of the valuation to—
(i)the Regulator,
(ii)the trustees or managers of the scheme, and
(iii )F2any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.
F2(3) Where the Board is not so satisfied, it must obtain another valuation under that Article.
F1mod. by SR 2005/55
F2mod. by SR 2005/91
F3Word in art. 128(1) substituted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 7(2); S.R. 2012/265, art. 2(4)(a)(ii)
F4Words in art. 128(2) substituted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 7(3); S.R. 2012/265, art. 2(4)(a)(ii)
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