52 Restoration orders where transactions at an undervalue
Pensions Act 2004 (2004 c 35) | Legislation

Transactions at an undervalue

52  Restoration orders where transactions at an undervalue

(1)     This section applies in relation to an occupational pension scheme other than—

(a)     a money purchase scheme, or

(b)     a prescribed scheme or a scheme of a prescribed description.

(2)     The Regulator may make a restoration order in respect of a transaction involving assets of the scheme if—

(a)     a relevant event has occurred in relation to the employer in relation to the scheme, and

(b)     the transaction is a transaction at an undervalue entered into with a person at a time which—

(i)     is on or after 27th April 2004, but

(ii)     is not more than two years before the occurrence of the relevant event in relation to the employer.

(3)     A restoration order in respect of a transaction involving assets

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