Regulations1 may prescribe2 circumstances in which and conditions subject to which a transfer of, or a transfer payment in respect of:
(1) an earner's3 accrued rights to guaranteed minimum pensions4 under a scheme that was a contracted-out scheme5;
(2) an earner's accrued rights to pensions under an occupational pension scheme6 to the extent that those rights derive from his accrued rights to guaranteed minimum pensions under a scheme that was a contracted-out scheme; or
(3) the liability for the payment of guaranteed minimum pensions to or in respect of any person who has become entitled to them,
may be made
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