520. Restoration orders where transactions at an undervalue.

c.     Restoration Orders

520.     Restoration orders where transactions at an undervalue.

The following provisions1 apply in relation to an occupational pension scheme2 other than: (1) a money purchase scheme3; or (2) a prescribed4 scheme or a scheme of a prescribed description5. The Pensions Regulator6 may make a restoration order in respect of a transaction involving assets of the scheme7 if: (a) a relevant event8 has occurred in relation to the employer in relation to the scheme; and (b) the transaction is a transaction at an undervalue entered into with a person at a time which is on or