136 Power to validate contraventions of section 135
Pensions Act 2004 (2004 c 35) | Legislation

136  Power to validate contraventions of section 135

(1)     The Board may validate an action for the purposes of section 135(9) only if it is satisfied that to do so is consistent with the objective of ensuring that the scheme's protected liabilities do not exceed its assets or, if they do exceed its assets, that the excess is kept to a minimum.

(2)     Where the Board determines to validate,

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