The Occupational Pension Schemes (Fraud Compensation Levy) Regulations (Northern Ireland) 2006

Partially guaranteed schemes

9.—(1) This regulation applies if a relevant public authority has—

(a) given a guarantee in relation to any part of a scheme, any benefits payable under the scheme, or any member of the scheme, or

(b) made any other arrangements for the purpose of securing that the assets of the scheme are sufficient to meet any part of its liabilities.

(2) The provisions of these Regulations (apart from this regulation) apply as if the scheme did not include any part of the scheme—

(a) in relation to which the guarantee has been given;

(b) which relates to benefits payable under the scheme in relation to which the guarantee has been given, or

(c) which relates to benefits payable under the scheme in relation to the liabilities for which those other arrangements have been made.