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Regulation 25 Outward transfers

Original text. Later amendments are not shown.

Regulation J2 of the principal Regulations is amended–

(a)

by deleting from paragraph (2)(b) the word “who”;

(b)

in paragraphs (2)(b)(i), (ii) and (iii), by inserting the word “who” at the beginning;

(c)

in paragraph 2(b)(iii), by inserting after the word “arrangement” the words “or an appropriate policy”;

(d)

after paragraph (2)(b)(iii), by adding the following sub-paragraph:–

“or

(iv)

in relation to whom a transfer value from the trustees or managers of a personal pension scheme or a self-employed pension arrangement has been and remains credited to the appropriate superannuation fund;”;

(e)

by deleting paragraph (2)(f); and

(f)

by inserting after paragraph (3) the following paragraph:–

“(4)

Where a person is entitled to separate preserved benefits by virtue of regulation E2(9)(c) he may make an application under paragraph (2)(c) above in respect of all or any of those separate entitlements and, where his application does not relate to all of them, he may make a further application in respect of all or any of the remainder.”.