PART 5 Pension protection levy

19 Collection of the pension protection levy by instalments
The Board may collect amounts payable by way of a pension protection levy in instalments where—
(a) the trustees or managers who are liable to pay the levy in respect of an eligible scheme make an application to the Board to pay the amount in respect of the levy by instalments, and
(b) the Board considers that it is appropriate to do so, having taken into consideration any exceptional circumstances that may exist in relation to that scheme.