2005 No. 339

PENSIONS

The Pension Protection Fund (Limit on Borrowing) Order 2005

Made

16th February 2005

Laid before Parliament

16th February 2005

Coming into force

9th March 2005

The Secretary of State for Work and Pensions, in exercise of the powers conferred on him by section 115(3) of the Pensions Act 2004( 1 ), and of all other powers enabling him in that behalf, hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Pension Protection Fund (Limit on Borrowing) Order 2005 and shall come into force on 9th March 2005.

Limit on borrowing

2. The limit specified for the purposes of section 115(3) of the Pensions Act 2004(borrowing limit for the purposes of section 115(2)) is £25 million.

Signed by authority of the Secretary of State for Work and Pensions.

Malcolm Wicks

Minister of State,

Department for Work and Pensions

16th February 2005

( 1 )

2004 (c. 35) .

1. Citation and commencement

2. Limit on borrowing

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

The Pension Protection Fund (Limit on Borrowing) Order 2005 (2005/339)

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