Draft Regulations laid before Parliament under section 316(2)(d) of the Pensions Act 2004, for approval by resolution of each House of Parliament.
2006 No.
The Pension Protection Fund (Risk-based Pension Protection Levy) Regulations 2006
Made
Coming into force in accordance with regulation 1
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 175(3)(b), 315(2) and (4) and 318(1) of the Pensions Act 20041;
This instrument contains regulations made before the end of the period of six months beginning with the coming into force of the provisions of that Act by virtue of which it is made2.
In accordance with section 316(2)(d) of that Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.
Citation and commencement1
These Regulations may be cited as the Pension Protection Fund (Risk-based Pension Protection Levy) Regulations 2006 and shall come into force on the day after the day on which they are made.
Matters prescribed for the purposes of assessing the risk-based pension protection levy2
For the purposes of section 175(2)(a)(iii) of the Pensions Act 20043 (pension protection levies - other risk factors), the prescribed matters are—
a
the nature of, and
b
any risks associated with,
any arrangements which the Board considers may reduce the risk of compensation being payable from the Pension Protection Fund in the event of an insolvency event occurring in respect of an employer in relation to the scheme.
Signed by authority of the Secretary of State for Work and Pensions.
(This note is not part of the Regulations)