# The Protected Rights (Transfer Payment) Regulations 1987, Regulation 3: Requirements to be satisfied by receiving scheme


A transfer payment may be made by a paying scheme to —
(a) an appropriate personal pension scheme, a money purchase contracted-out scheme or a section 49 money purchase scheme, where that scheme satisfies the requirement specified in paragraph 1 of Schedule 3; or
(b) a salary related contracted-out scheme or a section 49 salary related scheme, where that scheme satisfies the requirement specified in paragraph 2 of Schedule 3.

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Source: https://www.legislation.gov.uk/uksi/1987/1118/regulation/3 (the official version)
Page: https://openlegislation.uk/protected-rights-transfer-payment-regulations-1987/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.