
1 

(1) These Regulations may be cited as the Pension Protection Fund (State Aid) (Amendment) (EU Exit) Regulations (Northern Ireland) 2020 and shall come into operation on IP completion day.
(2) The Interpretation Act (Northern Ireland) 1954 shall apply to these Regulations as it applies to an Act of the Assembly.
2 
In regulation 2 of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005 (modification of Part III of the Order) for paragraph (2) substitute—“
(2) Paragraph (1) shall not apply in relation to a partially guaranteed scheme where—
(a) the scheme was in existence immediately prior to IP completion day, and
(b) the application of paragraph (1) 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.”.
3 
In regulation 2 of the Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005 (schemes which are not eligible schemes) for paragraph (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 on the Functioning of the European Union as it had effect in the United Kingdom immediately prior to IP completion day.”.
4 
In regulation 3(7) of the Payment of Pension Levies for Past Periods Regulations (Northern Ireland) 2015 (interest) after “794/2004” insert “(as it had effect in the United Kingdom immediately prior to IP completion day)”.
Sealed with the Official Seal of the Department for Communities on 10th December 2020
(L.S.)Anne McCleary
A senior officer of the Department for Communities
