26Winding up
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(1)Regulations may make provision about the winding up of a pension scheme under which collective benefits may be provided or part of such a scheme.
(2)The regulations may, in particular, make provision about—
(a)the distribution of assets (including any order of priority);
(b)the operation of the scheme during winding up;
(c)the discharge of liabilities;
(d)excess assets on winding up.
(3)The regulations may, in particular—
(a)disapply or amend or otherwise modify the application of any of sections 38, 73, 73A, 73B, 74 and 76 of the Pensions Act 1995 (winding up);
(b)make provision corresponding or similar to any provision made by those sections.