{
  "url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006/regulation-7",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006/regulation-7.json",
  "legislation": "uksi/2006/802",
  "legislation_title": "The Occupational Pension Schemes (Payments to Employer) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Schemes that are subject to Part 3 of the 2004 Act – valuation certificate and amount of payment to employer",
  "text": "(1) Where a written valuation prepared in accordance with regulation 4(1) shows that the value of the assets of the scheme is greater than the value of the scheme's liabilities, the prescribed person shall prepare a valuation certificate in the form prescribed in Schedule 1.\n(2) Where paragraph (1) applies, the maximum payment that may be made to the employer is, in the case of a valuation prepared in accordance with—\n(a) regulation 4(1)(a), the amount by which the value of the scheme's assets exceeds the value of the scheme's liabilities at the effective date of the valuation; or\n(b) regulation 4(1)(b), the amount of the excess of the scheme's assets over its liabilities specified in the actuary's estimate of the solvency of the scheme prepared in accordance with regulation 7(4)(b) of the Occupational Pension Schemes (Scheme Funding) Regulations 2005.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/802/regulation/7",
    "retrieved_at": "2026-10-29T04:33:41.928151+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}