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(1) These Regulations may be cited as the Pension Protection Fund (Liability to pay a Contributions Equivalent Premium) Regulations (Northern Ireland) 2007 and shall come into operation on 6th April 2007.
(2) In these Regulations—
 “the Order” means the Pensions (Northern Ireland) Order 2005;
 “the assessment date” means the date on which the assessment period in relation to the scheme or section of the scheme began;
 “CEP” means a contributions equivalent premium within the meaning of section 51 of the Pension Schemes Act (payment of state scheme premiums on termination of certified status);
 “segregated scheme” means a multi-employer scheme which is divided into two or more sections where—
(a) any contributions payable to the scheme by an employer in relation to the scheme or by a member are allocated to that employer’s or that member’s section, and
(b) a specified proportion of the assets of the scheme is attributable to each section of the scheme and cannot be used for the purposes of any other section.
(3) In these Regulations, references to a scheme include, in the case of a segregated scheme, any section of the scheme.
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(1) For the purposes of Article 119(4)(b)(ii) of the Order (restrictions on winding up, discharge of liabilities etc.), a prescribed liability is a liability of the trustees or managers of the scheme to pay a CEP which—
(a) is incurred before the assessment date, and
(b) has not been discharged before that date.
(2) A scheme incurs a liability to pay a CEP before the assessment date if, before that date, the trustees or managers of the scheme were required, or elected, to pay a CEP and had not discharged that liability before the assessment date.
(3) Where paragraph (1) applies, the trustees or managers of the scheme may discharge the prescribed liability to pay a CEP during the scheme’s assessment period.
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(1) For the purposes of Article 119(4)(b)(ii) of the Order, a prescribed liability is a liability of the trustees or managers of the scheme to pay a CEP which is incurred during the assessment period.
(2) A scheme incurs a liability to pay a CEP on, or after, the assessment date if, on that date or during the assessment period, the trustees or managers of the scheme elect to pay a CEP.
Sealed with the Official Seal of the Department for Social Development on 16th March 2007
(L.S.)John O’Neill
A senior officer of the Department for Social Development
