Pension Protection Fund (Entry Rules) Regulations 2005
This section has no associated Explanatory Memorandum
9.—(1) The Pension Protection Fund (Entry Rules) Regulations 2005(1) are amended as follows.
(2) For regulation 2(1A), substitute—
“(1A) Paragraph (1)(d) shall not apply in relation to a scheme where—
(a)the scheme was in existence immediately prior to IP completion day; and
(b)the application of paragraph (1)(d) immediately prior to IP completion day would have given rise to State aid that was incompatible with the internal market within the meaning of Article 107 of the Treaty as it had effect in the United Kingdom immediately prior to IP completion day.”.
(1)
S.I. 2005/590, amended by S.I. 2010/196; there are other amending instruments but none is relevant.