Source: http://www.legislation.gov.uk/nisi/2005/255/article/142
Timestamp: 2020-01-25 07:42:45
Document Index: 701494786

Matched Legal Cases: ['Art. 142', 'art. 142', 'art. 2', 'art. 142', 'art. 2', 'art. 142', 'art. 2', 'art. 142', 'art. 2', 'Art. 142', 'art. 2', 'art. 142', 'art. 2', 'art. 142', 'art. 2', 'Art. 142', 'art. 2']

142.—(1 )F1 Where the trustees or managers of a closed scheme—
(2 )F1 In paragraph (1) the reference to the assets of the scheme is a reference to those assets excluding any assets representing the value of any rights in respect of money purchase benefits under the scheme rules.
[F2(3 )F1 The Board must, as soon as reasonably practicable—
(4) Subject to paragraph (6), paragraph (3) of Article 127 applies for [F3the purposes of this Article as it applies for the purposes] of that Article (and the definitions contained in paragraphs (b) and (d) of paragraph (11) of that Article apply accordingly).
(5) Subject to paragraph (6), the following provisions apply in relation to [F4a determination made under paragraph (3)(a) and a valuation obtained under paragraph (3)(b)] as they apply in relation to [F5a determination made under Article 127(2)(a) and a valuation obtained under Article 127(2)(b)]—
[F6(aa)Article 127A (determinations under Article 127), other than paragraphs (1)(c) and (4)(c) (duty to give copy of determinations to employer's insolvency practitioner);]
(6) In the application of Articles 127[F7, 127A] and 129 by virtue of paragraph (4) or (5)—
(a)paragraphs (3), (5)[F8, (5A), (5B)] and (11)(b) and (c) of Article 127 apply as if the references to “the relevant time” were references to that term as defined in paragraph (8), F9...
[F10(aa)paragraph (3) of Article 127A applies as if the reference to Article 112(2)(a) included a reference to paragraph (1) of this Article, and]
F2Art. 142(3)(3A) substituted for art. 142(3) (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(2); S.R. 2012/265, art. 2(4)(a)(ii)
F3Words in art. 142(4) substituted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(3); S.R. 2012/265, art. 2(4)(a)(ii)
F4Words in art. 142(5) substituted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(4)(a); S.R. 2012/265, art. 2(4)(a)(ii)
F5Words in art. 142(5) substituted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(4)(b); S.R. 2012/265, art. 2(4)(a)(ii)
F6Art. 142(5)(aa) inserted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(4)(c); S.R. 2012/265, art. 2(4)(a)(ii)
F7Words in art. 142(6) inserted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(5)(a); S.R. 2012/265, art. 2(4)(a)(ii)
F8SR 2005/137
F9Word in art. 142(6)(a) omitted (23.7.2012) by virtue of Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(5)(b); S.R. 2012/265, art. 2(4)(a)(ii)
F10Art. 142(6)(aa) inserted (23.7.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 11(5)(c); S.R. 2012/265, art. 2(4)(a)(ii)