PART 6ADMINISTRATION OF PAYMENTS
Direct credit transfer20
1
Subject to paragraphs (3) and (4), F4payments under regulation 18A andF1... instalments under regulation 19 may, by an arrangement between the scheme manager and the beneficiary or his appointed representative, be paid by way of direct credit transfer into a bank or other account—
a
in the name of the beneficiary, his appointed representative or any other person with the consent of the beneficiary; or
b
in the joint names of the beneficiary and any other person or the appointed representative and any other person.
2
F1... instalments shall be paid in accordance with paragraph (1) within seven days of the day on which each instalment is payable under regulation 19(1).
3
The scheme manager may make a particular payment by direct credit transfer otherwise than in accordance with paragraph (1) if it appears to F2it to be appropriate to do so for the purpose of paying any arrears.
4
The arrangements under this regulation may be terminated—
a
by the beneficiary or his appointed representative, by notice in writing delivered or sent to the scheme manager; or
b
by the scheme manager if the arrangement seems to F3it to be no longer appropriate to the circumstances of the particular case.
5
A direct credit transfer into the account of an appointed representative or of any person to whom an amount is paid with the consent of the beneficiary, shall be a good discharge to the scheme manager for any sum paid under these Regulations.