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
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