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Changes over time for: Section 123


Timeline of Changes
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Status:
Point in time view as at 06/04/2017.
Changes to legislation:
Pensions Act 2004, Section 123 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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123Approval of notices issued under section 122E+W+S
This section has no associated Explanatory Notes
(1)This section applies where the Board receives a notice under section 122(6) (“the section 122 notice”).
(2)The Board must determine whether to approve the section 122 notice.
(3)The Board must approve the section 122 notice if, and only if, it is satisfied—
(a)that the insolvency practitioner or former insolvency practitioner who issued the notice was required to issue it under that section, and
(b)that the notice complies with any requirements imposed by virtue of subsection (8) of that section.
(4)Where the Board makes a determination for the purposes of subsection (2), it must issue a determination notice and give a copy of that notice to—
(a)the Regulator,
(b)the trustees or managers of the scheme,
(c)the insolvency practitioner or the former insolvency practitioner who issued the section 122 notice,
(d)any insolvency practitioner in relation to the employer (who does not fall within paragraph (c)), and
(e)if there is no insolvency practitioner in relation to the employer, the employer.
(5)In subsection (4) “determination notice” means a notice which is in the prescribed form and contains such information about the determination as may be prescribed.
Modifications etc. (not altering text)
Commencement Information
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