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The Pension Protection Fund (Waiver of Pension Protection Levy and Consequential Amendments) Regulations (Northern Ireland) 2007
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Application for waiver of pension protection levy
5.—(1) The trustees or managers of a scheme may apply to the Board for it to grant a waiver under regulation 3 of the amount payable by way of any pension protection levy in respect of the scheme.
(2) An application under this regulation must be made—
(a)before the end of the period of 28 days commencing with the notification date specified in paragraph (3), and
(b)in such manner as the Board may direct.
(3) The notification date specified in this paragraph is—
(a)the date on which the person liable to pay the levy is notified under Article 164(3)(c) of the Order (notification of amount of levy and date or dates on which it becomes payable), or
(b)if more than one date is notified for payment to be made in instalments, the earliest such date.
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