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10.—(1) A police authority may accept a transfer value from the administrator of—
(a)a free-standing additional voluntary contributions scheme, or
(b)an approved scheme which provides additional benefits but does not fall within section 591(2)(h) of the Taxes Act,
in respect of a basic contributor.
(2) A transfer value accepted by a police authority is to be invested by them with the Society—
(a)in such one or more of the ways mentioned in regulation 9(2) as may be specified in writing by the contributor, or
(b)if he does not specify how the transfer value is to be invested, in the fund mentioned in regulation 9(2)(a).
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