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The Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005

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Disregard of staying of voluntary winding up of employer for purposes of Article 75N.I.

17.—(1) This regulation shall apply for the purposes of Article 75(6D)(i) (by virtue of which where a members' voluntary winding up of an employer is stayed, Article 75 has effect as if the resolution for the winding up had never been passed and any debt which arose under that Article 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.

Commencement Information

I1Reg. 17 in operation at 6.4.2005, see reg.1(1)

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