149 Circumstances in which Board ceases to be involved with an eligible scheme
Pensions Act 2004 (2004 c 35) | Legislation

Cessation of involvement with a scheme

149  Circumstances in which Board ceases to be involved with an eligible scheme

(1)     Where an assessment period begins in relation to an eligible scheme, the Board ceases to be involved with the scheme, for the purposes of this Part, on the occurrence of the first withdrawal event after the beginning of that period.

(2)     For this purpose the following are withdrawal events in relation to a scheme—

(a)     a withdrawal notice issued under section 122(2)(b) (scheme rescue has occurred) becoming binding;

(b)     a withdrawal notice issued under section 130(3) (scheme rescue has occurred) becoming binding;

(c)     a withdrawal notice issued under or by virtue of section 146 or 147 (refusal to assume responsibility) becoming binding;

(d)     a withdrawal notice issued under section 148 (no insolvency event has occurred or is likely to occur) becoming binding;

and references in

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