# The Contracting-out (Transfer and Transfer Payment) Regulations 1996, Regulation 7: General


(1) A transfer of liability—
(a) from ... a salary-related ... scheme ... ... in respect of the accrued section 9(2B) rights of an earner; or
(b) from ... a salary-related ... scheme ... for the payment to or in respect of a person who has become entitled to them of pensions under that scheme deriving from section 9(2B) rights
may be made in accordance with arrangements which satisfy paragraph (2) and no such transfer may be made otherwise.
(2) The arrangements referred to in paragraph (1) must result in there being made—
(a) in the case of a transfer referred to in paragraph (1)(a), a transfer payment to the receiving scheme or overseas arrangement, in accordance with whichever of regulations 8 to 11 is applicable, of at least the cash equivalent of the accrued section 9(2B) rights in respect of which the transfer is being made, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act; and
(b) in the case of a transfer referred to in paragraph (1)(b), a connected employer transfer payment ... in accordance with regulation 9 or a transfer in accordance with regulation 11A.
(2A) A transfer payment from a salary-related scheme in respect of the payment of pensions under that scheme deriving from section 9(2B) rights to or in respect of a person who has become entitled to them may be made in accordance with regulation 11A and no such transfer payment may be made otherwise.
(3) In this regulation and regulations 8 to 11A “transfer payment" means a payment to effect a transfer of liability such as is referred to in paragraph (1) or a payment in respect of pensions deriving from section 9(2B) rights such as is referred to in paragraph (2A).

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Source: https://www.legislation.gov.uk/uksi/1996/1462/regulation/7 (the official version)
Page: https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.