{
  "url": "https://openlegislation.uk/pension-protection-fund-pension-compensation-sharing-and-attachment-on-divorce-etc-regulations-2011/regulation-28",
  "json_url": "https://openlegislation.uk/pension-protection-fund-pension-compensation-sharing-and-attachment-on-divorce-etc-regulations-2011/regulation-28.json",
  "legislation": "uksi/2011/731",
  "legislation_title": "The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-pension-compensation-sharing-and-attachment-on-divorce-etc-regulations-2011",
  "path": "regulation/28",
  "kind": "regulation",
  "number": "28",
  "heading": "Circumstances in which periodic compensation may be commuted",
  "text": "(1) The circumstances prescribed for the purposes of paragraph 9(1) (commutation) of Schedule 5 to the Act are specified in paragraph (2).\n(2) The circumstances are that—\n(a) the transferor must not have previously exercised an option to commute for a lump sum either—\n(i) a portion of the pension from which the pension compensation credit was derived; or\n(ii) a portion of the relevant pension compensation from which the pension compensation credit was derived;\n(b) the transferee must not have previously exercised an option to commute for a lump sum a portion of the pension compensation credit in respect of which they are entitled to periodic compensation; and\n(c) the transferee exercises the option to commute within the period of six months beginning with the day on which payment of periodic compensation commences.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/731/regulation/28",
    "retrieved_at": "2026-10-29T02:13:10.532898+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."
}