Amendment of regulation 2 of the Employer Debt Regulations4
1
Regulation 2 of the Employer Debt Regulations (interpretation) is amended as follows.
2
In paragraph (1)—
a
after the definition of “employment-cessation event”9, insert—
“flexible apportionment arrangement” means an arrangement that takes effect in accordance with regulation 6E;
b
in the definition of “liability proportion”10, for ““K/L”” substitute “K divided by L”, and
c
in the definition of “liability share”11, for “of the total” substitute “multiplied by the total”.
3
In paragraph (4A)12—
a
after “regulations 6B, 6C” insert “, 6E”,
b
in sub-paragraph (a), after “the applicable time” insert “(or, in the case of a flexible apportionment arrangement, after the time that arrangement takes effect)”, and
c
in sub-paragraph (b), after “under regulation 6B” insert “or a flexible apportionment arrangement under regulation 6E”.
4
In paragraph (4B)—
a
after “the applicable time”, insert “(or, in the case of a flexible apportionment arrangement, at the time that arrangement takes effect)”, and
b
in the substituted paragraph (4A), after “regulations 6B, 6C” insert “, 6E”.