135 Restrictions on winding up, discharge of liabilities etc
Pensions Act 2004 (2004 c 35) | Legislation

135  Restrictions on winding up, discharge of liabilities etc

(1)     This section applies where there is an assessment period in relation to an eligible scheme.

(2)     Subject to subsection (3), the winding up of the scheme must not begin during the assessment period.

(3)     Subsection (2) does not apply to the winding up of the scheme in pursuance of an order by the Regulator under section 11(3A) of the Pensions Act 1995 (Regulator's powers to wind up occupational pension schemes to protect Pension Protection Fund) directing the scheme to be wound up (and section 219 makes provision for the backdating of the winding up).

(4)     During the assessment period, except in prescribed circumstances and subject to prescribed conditions—

[(za)     no right or entitlement of any

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