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;