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20. In regulation 15(2) of the Pensions Regulator (Financial Support Directions etc.) Regulations 2005 (former employers)(1)—
(a)for “A, AA, AB, B, C or D”, substitute “condition A, AA, AB, B, C, D or E”, and
(b)after sub-paragraph (d), insert—
“(e)condition E is that—
(i)as a result of a restructuring occurring within regulation 6ZB or 6ZC of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (employment-cessation events: exemptions), no section 75 debt became due; and
(ii)regulation 6ZA(3) or (4) of those Regulations (employment-cessation events: general) does not apply in relation to that restructuring.”.
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