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1. In this Schedule—
“destination arrangement” means a pension arrangement under which some or all of the rights are derived, directly or indirectly, from a pension sharing transaction;
“pension recovery order” means a recovery order made by virtue of article 184(2);
“pension sharing transaction” means an order or provision falling within section 28(1) of the Welfare Reform and Pensions Act 1999(1) (activation of pension sharing) or article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999(2) (activation of pension sharing);
“relevant person” means the person whose rights under a pension scheme are the subject of a pension recovery order; and
“valuation date” means a date within the period prescribed by paragraph 5 in respect of which the trustees or managers of the pension scheme decide to value the relevant person’s pension rights in accordance with paragraph 2 or 3.
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