The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2012

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 1(4)(2) (interpretation)—

(a) in sub-paragraphs (a) and (b) for “C, D or E” substitute “C, D, E or F”;

(b) in sub-paragraph (a) after head (v) add—

“(vi) condition F is that a flexible apportionment arrangement has taken effect in accordance with regulation 6E of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 where the employer was the leaving employer within the meaning given in paragraph (7) of that regulation;”;

(c) in sub-paragraph (b) after head (v) add—

“(vi) condition F is that a flexible apportionment arrangement has taken effect in accordance with regulation 6E of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 where the employer was the leaving employer within the meaning given in paragraph (7) of that regulation.”.

(3) In regulation 2(4)(3) (schemes which are not eligible schemes) after sub-paragraph (e) add—

“(f) a flexible apportionment arrangement within regulation 6E of those Regulations.”.

(1)

S.R. 2005 No. 126; relevant amending Regulations are S.R. 2005 No. 357, S.R. 2008 No. 132 and S.R. 2010 No. 111

(2)

Regulation 1(4) was substituted by regulation 4(b) of S.R. 2005 No. 357 and amended by regulation 3(2) of S.R. 2010 No. 111

(3)

Regulation 2(4) was substituted by regulation 18 of S.R. 2008 No. 132 and amended by regulation 3(3) of S.R. 2010 No. 111