262. Deficiencies in the assets: multi-employer schemes.

Regulations1 may modify the statutory provisions relating to deficiencies in the assets of pension schemes on winding up2 as they apply in relation to multi-employer schemes3. The regulations may in particular provide for the circumstances in which a debt is to be treated as due from an employer4 in relation to a multi-employer scheme (a 'multi-employer debt')5. Those circumstances may include circumstances other than those in which the scheme is being wound up or a relevant event6 occurs7.

For the purposes of such regulations, regulations8 may prescribe alternative manners for determining, calculating and verifying the liabilities and assets of the