# Energy Act 2004, Paragraph 6


(1) The Secretary of State may direct the UKAEA to make such modifications of a UKAEA pension scheme as may be specified in the direction for the purpose of requiring or enabling the transfer of funds and liabilities arising under the scheme in a case falling within sub-paragraph (2).
(2) That case is where a person ceases to be a participant in the scheme in consequence of—
(a) a transfer of his employment in accordance with a nuclear transfer scheme or transfer arrangements; or
(b) a transfer, in accordance with such a scheme or such arrangements, of securities of, or voting rights in, a company by which he is employed or a company of which such a company is a subsidiary.
(3) A direction by the Secretary of State under this paragraph may prescribe—
(a) the method of determining what is to be transferred; and
(b) the assumptions to be used in making that determination.

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Source: https://www.legislation.gov.uk/ukpga/2004/20/schedule/8/paragraph/6 (the official version)
Page: https://openlegislation.uk/energy-act-2004/schedule-8/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.