Moved by
Lord Vaux of Harrowden
27: Clause 109, page 95, line 15, at end insert—
“( ) In particular, the declaration of a dividend by the employer is a notifiable event for the purposes of subsection (1) if—
(a) the value of the assets of the scheme is less than the amount of the liabilities of the scheme,
(b) the amount of the dividend exceeds the annual deficit repair contribution, and
(c) the amount of the annual deficit repair contribution is less than 20% of the difference between the value of the assets of the scheme and the amount of the liabilities of the scheme.”