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Section 32: Approved transaction

Private Pension Schemes Act · PART VI: ALTERATION, TRANSFER AND AMALGAMATION

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

32. Approved transaction (1) A transaction approved by the Commission under section 30 shall be binding on all persons, notwithstanding anything to the contrary contained in any constitutive documents or any agreement between any parties. (2) A private pension scheme shall furnish to the Commission a copy of any resolution confirming a transaction referred to in section 30, together with the terms and conditions of the transaction, within 2 months of the passing of the resolution. PART VII – ACCOUNTS AND AUDIT

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