(1) In a case where the company in respect of which a compromise or arrangement is proposed is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, any notice or other document required to be sent to a creditor of the company must also be sent to the Pensions Regulator.
(2) In a case where the company in respect of which a compromise or arrangement is proposed is an employer in respect of an eligible scheme, any notice or other document required to be sent to a creditor of the company must also be sent to the Board of the Pension Protection Fund ("the Board").
(3) The Secretary of State may by regulations provide that, in a case where -
(a) the company in respect of which a compromise or arrangement is proposed is an employer in respect of an eligible scheme, and
(b) the trustees or managers of the scheme are a creditor of the company,
the Board may exercise any rights, or any rights of a specified description, that are exercisable u
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