The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005

Reconsideration U.K.

8.—(1) Section 151 of the Act (application for reconsideration) applies as if, in subsection (8)—

(a) in the definition of “audited scheme accounts”, for the words “a scheme” there were substituted the words “ an unsecured part ”; and

(b) in the definition of “protected benefits quotation”—

(i) for the words “a scheme” there were substituted the words “ an unsecured part ”;

(ii) for the words “member of the scheme” there were substituted the words “ member of the unsecured part ”; and

(iii) in paragraph (a) of that definition, for the words “responsibility for the scheme” there were substituted the words “ responsibility for the unsecured part ”.

[F1 (2) Section 152 of the Act (duty to assume responsibility following reconsideration) applies as if—

(a) in subsection (2B), for the words “protected liabilities” there were substituted the words “protected liabilities of the unsecured part”; and

(b) in subsection (9)(b), for the words “liabilities of the scheme” there were substituted the words “liabilities of the unsecured part]

Textual Amendments

F1 Reg. 8(2) substituted (30.4.2013) by The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/627), regs. 1(1), 8(4)

Commencement Information

I1 Reg. 8 partly in force; reg. 8 not in force at made date; reg. 8(1)(a) in force at 8.3.2005 for certain purposes and reg. in force at 6.4.2005 in so far as not already in force see reg. 1(1)