578. Assessment periods.

In Part 2 of the Pensions Act 2004, references to an assessment period are to be construed in accordance with the following provisions1. Where, in relation to an eligible scheme2, a qualifying insolvency event3 occurs in relation to the employer4, an assessment period: (1) begins with the occurrence of that event; and (2) ends when: (a) the Board of the Pension Protection Fund5 ceases to be involved with the scheme6; (b) the trustees or managers7 of the scheme receive a transfer notice8; or (c) specified conditions9 are satisfied in relation to the scheme, whichever first occurs