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(1)The Board must hold, manage and apply, in accordance with this Part and any provision in force in Northern Ireland corresponding to it—
(a)a fund to be known as the Pension Protection Fund, and
(b)a fund to be known as the Fraud Compensation Fund.
(2)Sections 175 and 189 make provision for contributions to those funds to be levied by the Board.
(3)The Board also has such other functions as are conferred on it by, or by virtue of, this or any other enactment.
Modifications etc. (not altering text)
C1Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11
C2Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72
C3Pt. 2 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1
Commencement Information
I1S. 110(1)(a) in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7
I2S. 110(1)(b) in force at 1.9.2005 by S.I. 2005/1720, art. 2(16), Sch. Pt. 3
I3S. 110(2) in force at 9.12.2005 by S.I. 2005/3331, art. 2(2), Sch. Pt. 2
I4S. 110(3) in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.
The Board may do anything which—
(a)is calculated to facilitate the exercise of its functions, or
(b)is incidental or conducive to their exercise.
Commencement Information
I5S. 111 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.
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