4.—(1) The Pension Protection Fund (Review and Reconsideration of Reviewable Matters) Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) to (4).
(2) For regulation 19 there shall be substituted the following regulation –
19.—(1) Where the Board decides that the Reconsideration Committee should reconsider a reviewable matter and give a reconsideration decision under regulation 18(1) it must notify the Reconsideration Committee.
(2) Where the Reconsideration Committee decides to reconsider a reviewable matter otherwise than on an application it must notify the Board and any interested person.
(3) For the purposes of paragraph (2) an interested person means a person who, in the opinion of the Board, may be materially affected by the reconsideration decision or, as the case may be, a representative of that person appointed under regulation 27.”.
(3) In regulations 20(1)(b) (provision of written representation) and 25(3) (notice of a reconsideration decision) for “regulation 19(1)” there shall be substituted “regulation 19(2)”.
(4) In regulation 22(3)(a) (time for giving a reconsideration decision) –
(a)for “the Board” there shall be substituted “the Reconsideration Committee”;
(b)for “regulation 19(1)” there shall be substituted “regulation 19(2)”; and
(c)for “review decision” there shall be substituted “reconsideration decision”.