The Pension Protection Fund (Pension Sharing) Regulations 2006
These Regulations make provision for the Board of the Pension Protection Fund (“the Board”) to discharge liability in respect of a pension sharing order or provision which has been made prior to the date the trustees or managers of a scheme receive a transfer notice under section 160 of the Pensions Act 2004 (c. 35) (“the 2004 Act”) or article 144 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I.1)), but which has either not come into effect by that date or in relation to which the liabilities of the trustees or managers have not been discharged by that date.