Section 115 — Pensions Act 2008: “Implementation period”

“Implementation period” 115 1 For the purposes of this Chapter, the implementation period for a pension compensation credit is the period of 4 months beginning with the later of—

a the transfer day, and b the first day on which the Board is in receipt of—

i the relevant documents, and ii such information relating to the transferor and transferee as the Secretary of State may prescribe by regulations.

2 In subsection (1)(b)(i), “ the relevant documents ” means copies of—

a the relevant order or provision, and b the order, decree or declarator responsible for the divorce, dissolution or annulment to which it relates.

3 Subsection (1) is subject to any provision made by regulations under section 117(2)(a).

4 The Secretary of State may by regulations—

a make provision requiring the Board to notify the transferor and transferee of the day on which the implementation period for the credit begins;

b provide for this section to have effect with modifications where the credit depends on a pension compensation sharing order and the order is the subject of an application for leave to appeal out of time.