Part 2The Board of the Pension Protection Fund
Chapter 2Information relating to employer’s insolvency etc
Insolvency events
120Duty to notify insolvency events in respect of employers
1
This section applies where, in the case of an occupational pension scheme, an insolvency event occurs in relation to the employer.
2
The insolvency practitioner in relation to the employer must give a notice to that effect within the notification period to—
a
the Board,
b
the Regulator, and
c
the trustees or managers of the scheme.
3
For the purposes of subsection (2) the “notification period” is the prescribed period beginning with the later of—
a
the insolvency date, and
b
the date the insolvency practitioner becomes aware of the existence of the scheme.
4
A notice under this section must be in such form and contain such information as may be prescribed.