Where the trustees or managers1 of an eligible scheme2 become aware that: (1) the employer3 in relation to the scheme is unlikely to continue as a going concern; and (2) the prescribed requirements4 are met in relation to the employer, they must make an application to the Board of the Pension Protection Fund5 for it to assume responsibility6 for the scheme7. Where the Board receives such an application, it must give a copy of the application to: (a) the Pensions Regulator8; and (b) the employer
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