UK Statutory Instrument SI 2005/590 United Kingdom

The Pension Protection Fund (Entry Rules) Regulations 2005

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer2 Trustee2 Employer1

Plus 3 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Director or Officer — also bound by 482 other Acts
Companies Act 2006 126 duties
Trustee — also bound by 120 other Acts
Charities Act 2011 27 duties
Employer — also bound by 701 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.002 (1) A statement, as at the end of the accounting... (opens in a new tab) Regulated
  • Prepare pension scheme statement of assets and liabilitiesTrustee
s.004 Notification of insolvency events in respect of employers Regulated
  • Insolvency practitioners must notify the Pension Protection Fund within 14 daysDirector or Officer
s.009 Confirmation of scheme status by insolvency practitioner Regulated
  • Insolvency practitioner must issue PPF scheme status noticesDirector or Officer
s.010 Confirmation of scheme status by Board Regulated
Other duties (1) — Crown / regulator
  • PPF Board must confirm scheme rescue status and issue noticeStatutory regulator
s.013 Confirmation of scheme status – binding notices Regulated
Other duties (1) — Crown / regulator
  • PPF Board must issue written confirmation/binding notices with prescribed detailsStatutory regulator
s.016 Restrictions on winding up, discharge of liabilities etc Regulated
  • Pension trustees/managers must meet PPF conditions before benefit transfers or refundsTrustee
s.019 Withdrawal following issue of section 122(4) notice Regulated
Other duties (1) — Crown / regulator
  • PPF Board must issue full written withdrawal noticesStatutory regulator
s.020 Consequences of the Board ceasing to be involved with a scheme Regulated
  • Pay employer pension contributions when member pays for PPF assessment-period serviceEmployer
29 other provisions — procedural and definitional
s.001 Citation, commencement and interpretation
s.001 An account of the financial additions to, withdrawals from and... (opens in a new tab)
s.002 Schemes which are not eligible schemes
s.003 Schemes which cease to be eligible schemes
s.003 Where any assets or liabilities are denominated in currencies other... (opens in a new tab)
s.004 Particulars of any investment (other than in UK Government securities)... (opens in a new tab)
s.005 Prescribed insolvency events
s.005 European insolvency event
s.005 Where the scheme has employer-related investments, within the meaning of... (opens in a new tab)
s.006 Circumstances in which insolvency proceedings in relation to the employer are stayed or come to an end
s.006 In respect of every other amount shown in the accounts... (opens in a new tab)
s.007 Applications and notifications to the Board
s.007 Applications and notifications to the Board – multi-employer schemes
s.007 The total amount of the purchases and the total amount... (opens in a new tab)
s.008 Applications and notifications to the Board – further provision
s.008 Applications and notifications to the Board – further provision for multi-employer schemes
s.008 A statement whether the accounts have been prepared in accordance... (opens in a new tab)
s.011 Confirmation of scheme status by insolvency practitioner – multi-employer schemes
s.012 Confirmation of scheme status by Board – multi-employer schemes
s.014 Contributions to schemes
s.015 Directions
s.017 Payment of scheme benefits
s.017 Exception to section 138(2A)
s.018 Loans to pay scheme benefits
s.021 Refusal to assume responsibility – schemes which become eligible schemes
s.022 Refusal to assume responsibility – new schemes created to replace existing schemes
s.023 Form and content of withdrawal notices issued under sections 146 and 147 of the Act
s.024 Applications for reconsideration
s.025 Form and content of audited scheme accounts

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.