The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005

Reconsideration

8.—(1) Article 135 (application for reconsideration) applies as if, in paragraph (8) –

(a) in the definition of “audited scheme accounts”, for “a scheme” there were substituted “an unsecured part”, and

(b) in the definition of “protected benefits quotation” –

(i) for “a scheme” there were substituted “an unsecured part”;

(ii) for “member of the scheme” there were substituted “member of the unsecured part”; and

(iii) in paragraph (a) of that definition, for “responsibility for the scheme” there were substituted “responsibility for the unsecured part”.

(2) Article 136 (duty to assume responsibility following reconsideration) applies as if, in paragraph (9)(b), for “liabilities of the scheme” there were substituted “liabilities of the unsecured part”.