Part 2The Board of the Pension Protection Fund
Chapter 3Pension protection
Valuation of assets and liabilities
144Approval of valuation
(1)
This section applies where the Board obtains a valuation in respect of a scheme under section F1143(2)(b).
(2)
Where the Board is satisfied that the valuation has been prepared in accordance with F2section 143, it must—
(a)
approve the valuation, and
(b)
give a copy of the valuation to—
(i)
the Regulator,
(ii)
the trustees or managers of the scheme, and
(iii)
any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.
(3)
Where the Board is not so satisfied, it must obtain another valuation under that section.