5. Section 151 of FA 2004 (meaning of “member”) applies as if, in Part 4, “member” in relation to the Pension Protection Fund, meant—
(a)an individual in receipt of compensation from the Pension Protection Fund, F1...
(b)an individual who expects to receive such compensation following the assumption of responsibility, by the Board of the Pension Protection Fund, for a scheme of which that individual was a member,[F2 or
(c)an individual who receives a PPF money purchase lump sum.]
Textual Amendments
F1Word in reg. 5(a) omitted (31.5.2013) by virtue of The Pension Protection Fund (Tax) (Amendment) Regulations 2013 (S.I. 2013/1117), regs. 1, 4
F2Reg. 5(c) inserted (31.5.2013) by The Pension Protection Fund (Tax) (Amendment) Regulations 2013 (S.I. 2013/1117), regs. 1, 4