Section 1Citation and commencement
These Regulations may be cited as the Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996 and shall come into force on 1st August 1996.
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Statutory Instrument
The Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996
Section 2Limit on borrowing
The aggregate amount outstanding in respect of the principal of any money borrowed by the Pensions Compensation Board under section 78(5) of the Pensions Act 1995 must not exceed £15 million.
2 sections
Cite this legislation
The Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1996-1976
Contains public sector information licensed under the Open Government Licence v3.0.
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