PART IXBANKRUPTCY
CHAPTER VEFFECT OF BANKRUPTCY ON CERTAIN RIGHTS, TRANSACTIONS, ETC.
Adjustment of prior transactions, etc.
Orders under Article 312 or 313 in pension-sharing cases: supplementaryF1315F.
(1)
On the transferor's trustee in bankruptcy making a written request to the person responsible for the destination arrangement, that person shall provide the trustee with such information about—
(a)
the arrangement,
(b)
the transferee's rights under it, and
(c)
where the destination arrangement is the shared arrangement, the transferor's rights under it,
as the trustee may reasonably require for, or in connection with, the making of applications under Articles 312 and 313.
(2)
Where the shared arrangement is not the destination arrangement, the person responsible for the shared arrangement shall, on the transferor's trustee in bankruptcy making a written request to that person, provide the trustee with such information about—
(a)
the arrangement, and
(b)
the transferor's rights under it,
as the trustee may reasonably require for, or in connection with, the making of applications under Articles 312 and 313.
(3)
On the transferor's trustee in bankruptcy making a written request to the person responsible for any intermediate arrangement, that person shall provide the trustee with such information about—
(a)
the arrangement, and
(b)
the transferee's rights under it,
as the trustee may reasonably require for, or in connection with, the making of applications under Articles 312 and 313.
(4)
In paragraph (3) “intermediate arrangement” means a pension arrangement, other than the shared arrangement or the destination arrangement, in relation to which the following conditions are fulfilled—
(a)
there was a time when the transferee had rights under the arrangement that were derived (directly or indirectly) from the pension-sharing transaction, and
(b)
the transferee's rights under the destination arrangement (so far as derived from the pension-sharing transaction) are to any extent derived (directly or indirectly) from the rights mentioned in sub-paragraph (a).
(5)
Nothing in—
(a)
any provision of section 155 of thePension Schemes (Northern Ireland) Act 1993 or Article 89 of thePensions (Northern Ireland) Order 1995 (which prevent assignment and the making of orders which restrain a person from receiving anything which he is prevented from assigning),
(b)
any statutory provision (whether passed or made before or after the making of the Welfare Reform Order) corresponding to any of the provisions mentioned in sub-paragraph (a), or
(c)
any provision of the destination arrangement corresponding to any of those provisions,
applies to the High Court exercising its powers under Article 312 or 313.
(6)
Regulations may, for the purposes of Articles 312 to 315, Articles 315D and 315E and this Article, make provision about the calculation and verification of—
(a)
any such value as is mentioned in Article 315E(4)(c);
(b)
any such amounts as are mentioned in Article 315E(6)(a) and (b).
(7)
The power conferred by paragraph (6) includes power to provide for calculation or verification—
(a)
in such manner as may, in the particular case, be approved by a prescribed person; or
F2(b)
in accordance with guidance from time to time prepared by a prescribed person.
(8)
In Article 315E and this Article, references to the person responsible for a pension arrangement are to—
(a)
the trustees, managers or provider of the arrangement, or
(b)
the person having functions in relation to the arrangement corresponding to those of a trustee, manager or provider.
(9)
In this Article—
“the Department” means the Department of Health and Social Services;
“prescribed” means prescribed by regulations;
“regulations” means regulations made by the Department.
(10)
Regulations under this Article may contain such incidental, supplemental and transitional provisions as appear to the Department necessary or expedient.
(11)
Regulations under this Article shall be subject to negative resolution.