Regulation 2 Amendments to the Registered Pension Schemes (Block Transfers) (Permitted Membership Period) Regulations 2006

Regulation 2 of the Registered Pension Schemes (Block Transfers) (Permitted Membership Period) Regulations 2006^f1 is amended as follows.

In paragraph (1) at the end insert “(“the prescribed period”)”.

For paragraph (2) substitute—

“(2)

But in calculating the prescribed period, any period preceding the period of twelve months ending with the date on which the transfer is made is ignored if conditions A and B are met.”.