Paragraph 1 InterpretationI1

In this Schedule—

• “destination arrangement” means a pension arrangement under which some or all of the rights are derived, directly or indirectly, from a pension sharing transaction;

• “pension recovery order” means a recovery order made by virtue of article 184(2);

• “pension sharing transaction” means an order or provision falling within section 28(1) of the Welfare Reform and Pensions Act 1999^f1 (activation of pension sharing) or article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999^f2 (activation of pension sharing);

• “relevant person” means the person whose rights under a pension scheme are the subject of a pension recovery order; and

• “valuation date” means a date within the period prescribed by paragraph 5 in respect of which the trustees or managers of the pension scheme decide to value the relevant person’s pension rights in accordance with paragraph 2 or 3.