Introductory Text1.Citation and commencement2.Interpretation3.Application to convert eligible scheme to personal pension scheme4.Documents to accompany application5.Board’s discretion to refuse approval: prescribed descriptions of retirement benefits scheme6.Board’s discretion to refuse approval: prescribed classes of individual member7.Valuation of prescribed member’s benefits8.Prescribed members whose conversion assets value exceeds permitted amount9.Restriction on discretion to approve: conversion of qualifying scheme10.Restriction on discretion to approve: controlling directors' death benefits11.Restrictions on discretion to approve: lump sum benefits to controlling directors under proposed personal pension schemeSignatureExplanatory Note