Amendment of the Pension Protection Fund (Entry Rules) Regulations
3.—(1) The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005(1) are amended in accordance with paragraphs (2) and (3).
(2) In regulation 2 (schemes which are not eligible schemes) after paragraph (1) insert—
“(1A) Paragraph (1)(d) shall not apply where it would give rise to State aid that is incompatible with the internal market within the meaning of Article 107 of the Treaty on the Functioning of the European Union.”.
(3) In regulation 21 (refusal to assume responsibility – schemes which become eligible schemes) after paragraph (2) add—
“(3) This regulation shall not apply where either—
(a)regulation 2(1A) of these Regulations, or
(b)regulation 2A of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005 (schemes to which regulation 2(1) does not apply),
applies to a scheme.”.
S.R. 2005 No. 126 to which there are amendments not relevant to these Regulations