Amendment of regulation 2 of the Employer Debt Regulations

4.—(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”(1), insert—

““flexible apportionment arrangement” means an arrangement that takes effect in accordance with regulation 6E;”,

(b) in the definition of “liability proportion”(2), for ““K/L”” substitute “K divided by L”, and

(c) in the definition of “liability share”(3), for “of the total” substitute “multiplied by the total”.

(3) In paragraph (4A)(4)—

(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”.

(1)

The definition of “employment-cessation event” was substituted by S.I. 2010/725.

(2)

The definition of “liability proportion” was inserted by S.I. 2008/731.

(3)

The definition of “liability share” was inserted by S.I. 2008/731.

(4)

Paragraphs (4A) and (4B) were inserted by S.I. 2008/731.