Applications for payments
80.—(1) Compensation may be paid under Article 81 only on an application to which Article 79 applies made within the qualifying period by a prescribed person.
(2) An application under this Article must be made in the manner, and give the information, required by the Compensation Board.
(3) For the purposes of this Article the “qualifying period”, subject to paragraph (5), is the period expiring with the period of twelve months mentioned in paragraph (4).
(4) The period of twelve months referred to in paragraph (3) is that beginning with the later of the following times—
(a)the insolvency date,
(b)when the auditor or actuary of the scheme, or the trustees, knew or ought reasonably to have known that a reduction of value falling within Article 79(1)(c) had occurred,
being, in each case, a time after the appointed day.
(5) The Compensation Board may extend, or further extend, the qualifying period.