{
  "url": "https://openlegislation.uk/personal-pension-schemes-conversion-of-retirement-benefits-schemes-regulations-2001/regulation-3",
  "json_url": "https://openlegislation.uk/personal-pension-schemes-conversion-of-retirement-benefits-schemes-regulations-2001/regulation-3.json",
  "legislation": "uksi/2001/118",
  "legislation_title": "The Personal Pension Schemes (Conversion of Retirement Benefits Schemes) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/personal-pension-schemes-conversion-of-retirement-benefits-schemes-regulations-2001",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Application to convert eligible scheme to personal pension scheme",
  "text": "(1) The trustees of a qualifying scheme may apply to the Board for approval of the scheme as a personal pension scheme if the conditions prescribed in paragraphs (2) and (3) are satisfied.\n(2) The first condition is that regulation 7 (valuation of prescribed member’s benefits) has been complied with in respect of each prescribed member of the scheme.\n(3) The second condition is that the value of the fund of a prescribed member, who is to be a continuing member of the scheme, does not exceed the permitted amount.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/118/regulation/3",
    "retrieved_at": "2026-10-29T08:07:02.883555+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."
}