The following provisions1 apply where there is an assessment period2 in relation to an eligible scheme3. With a view to ensuring that the scheme's protected liabilities4 do not exceed its assets or, if they do exceed its assets, that the excess is kept to a minimum, the Board of the Pension Protection Fund5 may give a relevant person in relation to the scheme directions regarding the exercise during that period of his powers in respect of: (1) the investment of the scheme's assets; (2) the incurring of expenditure; (3) the instigation or conduct of legal proceedings; and (4) such
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