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

1. Introductory Text

2. PART I PRELIMINARY

   1. 1. Citation, commencement and interpretation

3. PART II SEGREGATED SCHEMES: SINGLE EMPLOYER SECTIONS

   1. 2. Application and effect

   2. 3. Notification of insolvency events, confirmation of scheme status etc.

   3. 4. Eligible schemes

   4. 5. Board’s duty where application or notification received under Article 113

   5. 6. Protected liabilities and assessment periods

   6. 7. Directions and power to validate contraventions of Article 119

   7. 8. Valuation of assets

   8. 9. Refusal to assume responsibility for a scheme

   9. 10. Reconsideration and duty to assume responsibility for a scheme following reconsideration

   10. 11. Closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

   11. 12. Transfer notices and assumption of responsibility

   12. 13. The pension compensation provisions

4. PART III SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS WITHOUT REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

   1. 14. Application and effect

   2. 15. Notification of insolvency events, confirmation of scheme status etc.

   3. 16. Eligible schemes

   4. 17. Duty to assume responsibility for schemes

   5. 18. Board’s duty where application or notification received under Article 113

   6. 19. Protected liabilities

   7. 20. Assessment periods

   8. 21. Directions

   9. 22. Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

   10. 23. Valuation of assets

   11. 24. Refusal to assume responsibility for a scheme

   12. 25. Reconsideration, closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

   13. 26. Transfer notices and assumption of responsibility for a scheme

   14. 27. The pension compensation provisions

5. PART IV SEGREGATED SCHEMES: NON-SEGREGATED MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

   1. 28. Application and effect

   2. 29. Notification of insolvency events, confirmation of scheme status etc.

   3. 30. Eligible schemes

   4. 31. Duty to assume responsibility for schemes

   5. 32. Board’s duty where application or notification received under Article 113

   6. 33. Protected liabilities

   7. 34. Assessment periods

   8. 35. Directions

   9. 36. Restrictions on winding up, discharge of liabilities etc., and power to validate contraventions of Article 119

   10. 37. Board to act as creditor of the employer

   11. 38. Valuation of assets

   12. 39. Refusal to assume responsibility for a scheme

   13. 40. Reconsideration

   14. 41. Closed schemes and requirements to wind up schemes with sufficient assets

   15. 42. Transfer notices and assumption of responsibility for a scheme

   16. 43. Further actuarial valuation of segregated parts

   17. 44. The pension compensation provisions

6. PART V NON-SEGREGATED SCHEMES: SCHEMES WITH A REQUIREMENT FOR PARTIAL WIND UP ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

   1. 45. Application and effect

   2. 46. Notification of insolvency events, confirmation of scheme status etc.

   3. 47. Eligible schemes

   4. 48. Duty to assume responsibility for schemes

   5. 49. Board’s duty where application or notification received under Article 113

   6. 50. Protected liabilities and assessment period

   7. 51. Directions

   8. 52. Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

   9. 53. Board to act as creditor of the employer

   10. 54. Valuation of assets

   11. 55. Refusal to assume responsibility for a scheme

   12. 56. Reconsideration

   13. 57. Closed schemes and requirement to wind up schemes with sufficient assets

   14. 58. Transfer notices and assumption of responsibility for a scheme

   15. 59. Further actuarial valuation of segregated parts

   16. 60. The pension compensation provisions

7. PART VI NON-SEGREGATED SCHEMES: SCHEMES WITHOUT PROVISION FOR PARTIAL WIND UP ON WITHDRAWAL OF A PARTICIPATING EMPLOYER

   1. 61. Application and effect

   2. 62. Notification of insolvency events, confirmation of scheme status etc.

   3. 63. Eligible schemes

   4. 64. Duty to assume responsibility for schemes

   5. 65. Applications and notifications

   6. 66. Assessment periods

   7. 67. Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

   8. 68. Valuation of assets

   9. 69. Refusal to assume responsibility

   10. 70. Transfer notices and the pension compensation provisions

8. PART VII NON-SEGREGATED SCHEME WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

   1. 71. Application and effect

9. PART VIII SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

   1. 72. Application and effect

10. PART IX MULTI-EMPLOYER SCHEMES: THE PENSION PROTECTION LEVIES

    1. 73. Modification of Articles 158 to 164: segregated schemes

    2. 74. Modification of Articles 158 to 164: non-segregated schemes

    3. 75. Modification of Articles 158 to 164: multi-employer sections of segregated schemes

11. Signature

12. Explanatory Note