Application and interpretation of Chapter 4
This section has no associated Explanatory Memorandum
48.—(1) This Chapter applies in relation to the following accepted by the scheme manager in respect of a member (“M”)—
(a)a remediable transfer value, together with any payment accepted under regulation 39(3);
(b)a remediable club transfer value, together with any adjustment accepted under regulation 43(2).
(2) In this Chapter, “transferred in remediable rights” means M’s remediable rights in a civil service scheme secured by virtue of a remediable value accepted by the scheme manager together with any payment or, as the case may be, adjustment under regulation 39(3) or 43(2).