Amendment of the Pensions Regulator (Financial Support Directions etc.) Regulations 2005

20.  In regulation 15(2) of the Pensions Regulator (Financial Support Directions etc.) Regulations 2005 (former employers)(1)—

(a) for “A, AA, AB, B, C or D”, substitute “condition A, AA, AB, B, C, D or E”, and

(b) after sub-paragraph (d), insert—

“(e) condition E is that—

(i) as a result of a restructuring occurring within regulation 6ZB or 6ZC of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (employment-cessation events: exemptions), no section 75 debt became due; and

(ii) regulation 6ZA(3) or (4) of those Regulations (employment-cessation events: general) does not apply in relation to that restructuring.”.

(1)

S.I. 2005/2188. Regulation 15(2) was amended by S.I.s 2005/2224 and 2008/731.