[F1Approval of valuationU.K.
This section has no associated Explanatory Memorandum
25.—(1) Where the scheme manager is satisfied that the valuation has been prepared in accordance with this Part, it must—
(a)approve the valuation; and
(b)notify the trustees or managers of the qualifying pension scheme of the approval.
(2) Where the scheme manager is not so satisfied, it must instruct the trustees or managers of the qualifying pension scheme to obtain another valuation under this Part.
(3) Where the scheme manager gives an instruction in accordance with paragraph (2), the trustees or managers of the qualifying pension scheme shall obtain another valuation and it shall be calculated as at the calculation date as determined in relation to the previous valuation.]