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(1) A transferor trustee shall not transfer accrued benefits if at the time of  election

(a) the Authority has served on the transferor trustee a notice requiring that trustee to arrange for an auditor to investigate and to prepare a report under section 166 of the Act ; or

(b) the Authority has served on that trustee a notice informing the trustee that the Authority intends to conduct an investigation under section 186 of the Act, unless the Authority 

(i) gives its written consent for the trustee to give effect to the election, or 

(ii) Notifies the trustee of the results of the valuation of the scheme assets carried out in relation to the report of the investigation.

(2) The trustee shall take reasonably practicable steps to ensure that the accrued benefits are transferred in accordance with the election and the results of the valuation of the scheme assets within thirty days after the Authority has given its written consent for the transferor trustee to give effect to the election, or has notified the transferor trustee of the results of the valuation of the scheme assets.