Amendment of the Employer Debt Regulations
This section has no associated Explanatory Memorandum
12. In regulation 10 of the Employer Debt Regulations (money purchase schemes: fraud and levy deficiencies etc)—
(a)in paragraph (2) after “general levy” insert “ or fraud compensation levy ”;
(b)in paragraph (4)—
(i)for “In this section” substitute “ In this regulation ”;
(ii)insert in the appropriate alphabetical place—
““the fraud compensation levy” means the levy imposed in accordance with section 189 of the 2004 Act;”.