# The Occupational Pension Schemes (Discharge of Liability) Regulations 1997, Regulation 10: Meaning of “transaction"


For the purposes of regulation 9 “transaction" means—
(a) the taking out of a policy of insurance or a number of such policies;
(b) the entry into an annuity contract or a number of such contracts; or
(c) the transfer of pensions and accrued rights to such a policy or policies or such a contract or contracts.

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Source: https://www.legislation.gov.uk/uksi/1997/784/regulation/10 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-discharge-of-liability-regulations-1997/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.