518. Relationship with employer debt.

518.     Relationship with employer debt.

The following provisions apply where a contribution notice is issued to a person ('P')1 and condition A or B is met2.

Condition A is met if, at the time at which the contribution notice is issued, there is a debt due from the employer in relation to a deficiency in the scheme assets3: (1) to the trustees or managers of the scheme; or (2) where the Board of the Pension Protection Fund4 has assumed responsibility for the scheme5, to the Board6.

Condition B is met if, after the contribution notice is issued but before