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On 18 December 2009, the PPF published the final determination for the 2010/11 levy. This comprises the following documents:
Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2010 – 31 March 2011, including the Rules
Transformation appendixMFR conversion appendixDRC appendixContingent asset appendixAPI appendixTransfers appendix
At the same time, the PPF published Levy Practice Guidance
The PPF has also issued Contingent Asset Guidance and also published were final versions of the standard form contingent asset agreements as set out below:
Form of Type A contingent asset - group company guaranteeForm of Type B(i) contingent asset - security over cashForm of Type B(ii)EW contingent asset - security over real estate (England and Wales)Forrm of Type B(ii)S contingent asset - security over real estate (Scotland)Form of Type B(ii)NI contingent asset - security over real estate (Northern Ireland)Form of Type B(iii) contingent asset - security over securitiesForm of Type C(i) contingent asset - letter of credit/bank guarantee (evergreen)Form of Type C(ii) contingent asset - letter of credit/bank guarantee (reducing balance)
The documents below were published on 30 September 2009. This is the draft determination and associated documents. These documents have now been superseded by those listed above, and are reproduced here for information.
Draft Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2010 – 31 March 2011, including the Rules
Draft Transformation appendixDraft MFR conversion appendixDraft DRC appendixDraft Contingent asset appendixDraft API appendixDraft Transfers appendix
At the same time, the PPF published Draft Levy Practice Guidance
It also published updated drafts of the standard form contingent asset agreements as set out below. All of the drafts are blacklined to show proposed changes to the current (September 2006) forms.
Draft updated form of Type A contingent asset - group company guaranteeDraft updated form of Type B(i) contingent asset - security over cashDraft updated form of Type B(ii)EW contingent asset - security over real estate (England and Wales)Draft updated form of Type B(iii) contingent asset - security over securitiesDraft updated form of Type C(i) contingent asset - letter of credit/bank guarantee (evergreen)Draft updated form of Type C(ii) contingent asset - letter of credit/bank guarantee (reducing balance)