[(1) The Secretary of State may by regulations provide that, in a case where—
(a) a moratorium—
(i) is in force in relation to a company that is an employer in respect of an eligible scheme, or
(ii) is or has been in force in relation to a company that has been an employer in respect of an eligible scheme at any time during the moratorium, and
(b) the trustees or managers of the scheme are a creditor of the company,
the Board of the Pension Protection Fund may exercise any of
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