PART IIITHE BOARD OF THE PENSION PROTECTION FUND
CHAPTER 3PENSION PROTECTION
Valuation of assets and liabilities
Approval of valuation128
1
This Article applies where the Board obtains a valuation in respect of a scheme under Article 127.
2
Where the Board is satisfied that the valuation has been prepared in accordance with that Article, 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
any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.
3
Where the Board is not so satisfied, it must obtain another valuation under that Article.