(1) In this article "scheme in wind up" means a scheme in respect of which an act or event has occurred or a decision has been taken which, under the rules of the scheme, causes that scheme to wind up;
(2) In the case of a scheme in wind up, the trustees shall-
(a) as soon as possible, but in any event not later than 12 weeks after the act or event or decision requiring the scheme to wind up or the date on which the trustees first become aware or ought reasonably to have been aware that such an event has occurred, notify the Pensions Board and all persons specified in sub-article (5) of such an act, event or decision;
(b) as soon as practicable after the resources of the scheme have been ascertained furnish each person specified in sub-article (5) (a), (b) and (c) with information relating to the rights and options (if any) available to him as regards his benefit entitlements in accordance with the rules of the scheme respecting a winding up;
(c) as soon as practicable after the resour
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