The following provisions1 apply in relation to the initial levy imposed2 in respect of a scheme and in relation to any pension protection levy imposed3 in respect of a scheme4. The levy is payable to the Board of the Pension Protection Fund5 by or on behalf of: (1) the trustees or managers6 of the scheme; or (2) any other prescribed7 person8. The Board must in respect of the levy: (a) determine the schemes in respect of which it is imposed; (b) calculate the amount of the levy in
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