{
  "url": "https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/schedule-1B/paragraph-9",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/schedule-1B/paragraph-9.json",
  "legislation": "uksi/1996/1847",
  "legislation_title": "The Occupational Pension Schemes (Transfer Values) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996",
  "path": "schedule/1B/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": null,
  "text": "In this Schedule—\n“relevant assets” means, subject to paragraphs 2(b) to 6, for a particular category of liability, the market value of the scheme assets, less the total of the relevant liabilities for all categories with greater priority under the priority order and are not to exceed the maximum of the relevant liabilities for that category.\n“relevant liabilities” means, for a particular category of liability, the sum of all insufficiency report liabilities falling into that category.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Schs. 1A-1B inserted (E.W.S.) (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050) , reg. 1(1) , Sch. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1847/schedule/1B/paragraph/9",
    "retrieved_at": "2026-10-29T12:38:58.641877+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."
}