[101J Time for compliance with transfer notice]

[101J  Time for compliance with transfer notice]

[(1)     Trustees or managers of a qualifying scheme who receive a transfer notice shall comply with the notice—

[(a)     in the case of an application that relates to benefits other than money purchase benefits, within 6 months beginning with the valuation date, and

(b)     in the case of an application that relates to money purchase benefits, within 6 months of the date on which the notice is given.]

(2)     The Regulatory Authority may, in prescribed circumstances, [by direction] extend the period for complying with the notice.

[(2A)     Subsection (1) does not apply if—

(a)     the trustees or managers have been unable to carry out

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