506. Restraining orders.

The Pensions Regulator1 may make a restraining order in relation to an account with a deposit-taker2 if: (1) it is satisfied that the account contains money which has been liberated from a pension scheme3; (2) it is satisfied that the account is held by or on behalf of: (a) the liberator; or (b) a person who has to, or in practice is likely to, ensure that the account is operated in accordance with the liberator's directions; and (3) the order is made pending consideration being given to the making of one or more repatriation orders4 in relation to the