[F120FTransfer outN.I.
(1)Regulations may prescribe—
(a)restrictions on the transfer of the earner's accrued rights under a GMP-converted scheme;
(b)conditions which must be complied with on the transfer of the earner's accrued rights under a GMP-converted scheme.
(2)Section 16(2) and (5) shall apply to regulations under this section.
(3)Where a member of a non-GMP-converted scheme makes an application under section 91(1), the trustees may with his consent adjust any guaranteed cash equivalent so as to reflect rights that would have accrued if the scheme had been subject to GMP conversion in accordance with Conditions 1 to 4 of section 20B.]
Textual Amendments
F1Ss. 20A-20H inserted (3.3.2009 for specified purposes, 6.4.2009 in so far as not already in force) by Pensions Act (Northern Ireland) 2008 (c. 1), ss. 12(3), 21(1); S.R. 2009/75, art. 2(a)(b)