Regulation 13 Amendments to the 1995 Regulations

For regulation 2.22 (Transfer values in) substitute—

“Transfers in

2.22

A payment representing the cash equivalent of the member’s accrued rights in any other registered scheme (“the transferring scheme”) may be accepted by the scheme only if the administrator of the transferring scheme certifies that the payment will comprise a recognised transfer as defined in section 169 of the 2004 Act.”.