26.—(1) References in Part 4 to the scheme administrator, in relation to a pension scheme (see section 270 of FA 2004: meaning of “scheme administrator”), are to be treated as references to the scheme administrator of the Pension Protection Fund.
(2) For the purposes of paragraph (1) the “scheme administrator of the Pension Protection Fund” means the person appointed by the Board of the Pension Protection Fund to be responsible for the discharge of the functions conferred or imposed on the scheme administrator of the Pension Protection Fund by and under Part 4.