# The Financial Services and Markets Act 2000 (Early Exit Pension Charges) Regulations 2016, Regulation 4: Adjustments excluded from the conditions in regulation 3


Adjustments to the illustrative value of a member’s benefits are not to be treated as satisfying the conditions in regulation 3 to the extent that the member has a reasonable expectation that they are entitled to the value of those benefits at the point of surrender.

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Source: https://www.legislation.gov.uk/uksi/2016/1079/regulation/4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-early-exit-pension-charges-regulations-2016/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.