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The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2010
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- Northern Ireland Statutory Rules
- 2010 No. 32
- Regulation 8
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Amendment of the Pension Protection Fund (General and Miscellaneous Amendments) Regulations
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8. In regulation 20 of the Pension Protection Fund (General and Miscellaneous Amendments) Regulations (Northern Ireland) 2006(1) (schemes that are eligible schemes for part of a financial year)—
(a)the provisions of the regulation shall become paragraph (1) of the regulation;
(b)after paragraph (1) add—
“(2) Where a scheme—
(a)is not an eligible scheme on the first day of a financial year, and
(b)becomes an eligible scheme during that financial year by virtue of—
(i)regulation 2(1A) of the Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005 (schemes which are not eligible schemes), or
(ii)regulation 2A of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005 (schemes to which regulation 2(1) does not apply),
Article 164(5) of the Order does not apply to that scheme and the full amount of the levy is payable.”.
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