Consequential amendments of the Pensions Regulator (Financial Support Directions etc.) Regulations 20055
In regulation 15(2) of the Pensions Regulator (Financial Support Directions etc.) Regulations 20058 (former employers)—
a
for “condition A, B” substitute “condition A, AA, B”; and
b
after sub-paragraph (a) insert—
aa
condition AA is that—
i
such a debt became due;
ii
the modification in regulation 7(3) of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (multi-employer schemes: employment-cessation events and withdrawal arrangements) applied, and
iii
the amount treated as becoming due from him under regulation 7(3)(a) of those Regulations has been paid;