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The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005

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69.—(1) Section 146 of the Act (schemes which become eligible schemes) shall be modified in its application to a non-segregated scheme to which paragraph (1) or (2) of regulation 61 applies so that it shall be read as if—

(a)for the words “in relation to the employer or, if there is no such insolvency practitioner, the employer” in paragraph (b)(iii) of subsection (2), there were substituted the words “in relation to an employer or, if there is no such insolvency practitioner, that employer”; and

(b)for the words “in relation to the employer or, if there is no such insolvency practitioner, the employer” in paragraph (c) of subsection (4), there were substituted the words “in relation to an employer or, if there is no such insolvency practitioner, that employer”.

(2) Section 147 of the Act (new schemes created to replace existing schemes) shall be modified in its application to a non-segregated scheme to which paragraph (1) or (2) of regulation 61 applies so that it shall be read as if—

(a)for the words “in relation to the employer or, if there is no such insolvency practitioner, the employer” in paragraph (b)(iii) of subsection (2), there were substituted the words “in relation to an employer or, if there is no such insolvency practitioner, that employer”; and

(b)for the words “in relation to the employer or, if there is no such insolvency practitioner, the employer” in paragraph (c) of subsection (4), there were substituted the words “in relation to an employer or, if there is no such insolvency practitioner, that employer”.

(3) Section 148 of the Act (withdrawal following issue of section 122(4) notice) shall be modified in its application to a non-segregated scheme to which paragraph (1) or (2) of regulation 61 applies so that it shall be read as if—

(a)for the words “the employer” in paragraph (c) of subsection (5), there were substituted the words “any employer”; and

(b)for the words “the employer” in paragraph (c) of subsection (7), there were substituted the words “any employer”.

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