Board’s duty where application or notification received under Article 113
49. Article 114 (Board’s duty where application or notification received under Article 113) shall be modified in its application to a segregated part to which regulation 45 applies so that it shall be read as if –
(a)in paragraph (2) after “a scheme rescue is not possible” there were inserted “in relation to a segregated part of a non-segregated scheme”;
(b)in paragraph (3) after “a scheme rescue has occurred” there were inserted “in relation to a segregated part”;
(c)after paragraph (4) there were inserted the following paragraph –
“(4A) Where the trustees or managers of a segregated part of a non-segregated scheme receive a copy of a notice from the Board under paragraph (4), they must send a copy of that notice as soon as practicable to all the employers in relation to the scheme.”;
(d)in paragraph (5) –
(i)in sub-paragraph (a) for “in relation to an occupational pension scheme” there were substituted “in relation to a segregated part of a non-segregated scheme”, and
(ii)in sub-paragraph (b) for “in relation to such a scheme” there were substituted “in relation to such a part”; and
(e)after paragraph (7) there were inserted the following paragraph –
“(7A) Where the trustees or managers of a segregated part of a non-segregated scheme receive a notice from the Board under paragraph (7) together with a copy of the binding notice, they must send a copy of the notice and the binding notice as soon as practicable to all the employers in relation to the scheme.”.