PART 2COLLECTIVE BENEFITS
Winding up
26Winding up
1
Regulations may make provision about the winding up of a pension scheme under which collective benefits may be provided or part of such a scheme.
2
The regulations may, in particular, make provision about—
a
the distribution of assets (including any order of priority);
b
the operation of the scheme during winding up;
c
the discharge of liabilities;
d
excess assets on winding up.
3
The regulations may, in particular—
a
disapply or amend or otherwise modify the application of any of Articles 38, 73, 73A, 73B, 74 and 76 of the 1995 Order (winding up);
b
make provision corresponding or similar to any provision made by those Articles.