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14. For regulation 16 of the 2005 Regulations (modification of schemes: apportionment of section 75 debts)(1), substitute—
16.—(1) This regulation prescribes a purpose for which the trustees of a trust scheme (whether or not a money purchase scheme) may by resolution modify the scheme under section 68 of the 1995 Act (power of trustees to modify schemes by resolution).
(2) The purpose is to enable—
(a)a scheme apportionment arrangement, or
(b)a regulated apportionment arrangement,
to be entered into.
(3) No modification may be made for the purpose in paragraph (2) unless the trustees have consulted such employers in relation to the scheme as they think appropriate.”.
Regulation 16 was substituted by S.I. 2008/731 and amended by S.I. 2008/1068.
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