Amendment of the Pensions Regulator (Financial Support Directions, etc.) Regulations
3. For regulation 5 of the Pensions Regulator (Financial Support Directions, etc.) Regulations (Northern Ireland) 2005(1) (prescribed period) substitute—
“Prescribed period
5.—(1) Subject to paragraph (2), the period prescribed for the purposes of Article 39(9) (financial support directions – prescription of relevant time) is 24 months.
(2) Until 6th April 2010 (“the transition date”) the period in paragraph (1) is reduced by a period equal to the number of complete months remaining until the transition date.
(3) For the purposes of paragraph (2), a complete month means a period from and including the sixth day of a month to and including the fifth day of the following month.”.