592. Reconsideration.

In certain circumstances¹ in relation to an eligible scheme², the trustees or managers³ of the scheme may make an application to the Board of the Pension Protection Fund for it to assume responsibility for the scheme in accordance with the pension protection provisions⁴ of the Pensions Act 2004⁵. Such an application must be in the prescribed⁶ form, contain the prescribed information and be accompanied by: (1) a protected benefits quotation⁷ in the prescribed form, or evidence in the prescribed form which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected