PART IIIDISCHARGE OF LIABILITY TO PROVIDE PENSIONS UNDER A RELEVANT SCHEME

Prohibition and restriction of the discharge of liability to provide pensions under a relevant scheme8

The trustees of a relevant scheme are prohibited or restricted from discharging any liability to provide pensions under a relevant scheme except—

a

in the circumstances and on the conditions prescribed in this Part; or

b

where the requirements imposed by the Occupational Pension Schemes (Winding Up) Regulations 199613 or Part V of the Occupational Pension Schemes (Contracting-out) Regulations 199614 apply.