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The London Authorities (Superannuation) Order 1965

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5.  Not later than the date of transfer the paying authority shall furnish to the receiving authority a statement setting out the transferable assets of the fund described in paragraph 2 of this schedule and showing the apportionment fraction of the assets transferred in accordance with paragraph 3 of this schedule. The statement shall also contain particulars of the sum referred to in paragraph 4 of this schedule and of the annual payments to be made thereunder. Within three months after receiving the statement the receiving authority may, by notice in writing addressed to the paying authority, object to the inclusion of or to the failure to include any matter in the statement or to the amount of any sum or annual payment set out therein as representing the apportionment fraction transferred or to be transferred in any particular case. Any unresolved objection shall be referred to the arbitration of a single arbitrator agreed upon by the paying authority and the receiving authority or, in default of agreement, appointed by the Minister, and such adjustment shall be made in the assets transferred or in the payments to be made under this schedule by the paying authority as is necessary to give effect to the award of the arbitrator.

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