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The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2010

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Amendment of the Pensions Regulator (Financial Support Directions etc.) Regulations 2005

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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..

(1)

S.I. 2005/2188. Regulation 15(2) was amended by S.I.s 2005/2224 and 2008/731.

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