This Statutory Instrument has been printed in consequence of a defect in S.I. 2020/783 and is being issued free of charge to all known recipients of that Statutory Instrument.
2020 No. 990
The Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) (Amendment and Revocation) Regulations 2020
Approved by both Houses of Parliament
Made
Laid before Parliament
Coming into force
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections A51 and A55 of the Insolvency Act 19861, sections 901I, 1291 and 1292 of the Companies Act 20062 and section 43 of the Corporate Insolvency and Governance Act 2020.
In accordance with section 1291 of the Companies Act 2006, as modified by section 901I(8) of that Act, and section 43 of the Corporate Insolvency and Governance Act 2020, this instrument is made without a draft having been laid before, and approved by a resolution of, each House of Parliament.
Citation, commencement and extent1
1
These Regulations may be cited as the Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) (Amendment and Revocation) Regulations 2020, and come into force on 16th September 2020.
2
This regulation and regulations 2, 3, 5 and 6 extend to England and Wales, Scotland and Northern Ireland.
3
Regulation 4 extends to England and Wales and Scotland.
Amendment of the Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 20202
The Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 20203 are amended in accordance with regulations 3 to 5.
Amendment of regulation 13
In regulation 1(4), after the definition of “LLP” insert—
“relevant CCBS” has the meaning given in article 1(2) of the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 20144;
“relevant society” has the meaning given by the modification to section 901A(4) of the Companies Act 2006 in paragraph 3 of Schedule 2A to the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 20145;
Amendment of regulation 24
In regulation 2, for “or CIO” in each place it occurs substitute “, CIO or relevant CCBS”.
Amendment of regulation 35
In regulation 3, for “or LLP” in each place it occurs substitute “, LLP or relevant society”.
Revocation6
The Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) (Amendment) Regulations 20206 are revoked.
(This note is not part of the Regulations)