(1) Subject to subsections (3) and (6), a PRSA provider shall not accept the transfer of funds from a scheme to the PRSA which that PRSA provider operates unless it has previously ensured that there has been furnished by it, or an intermediary on its behalf, to the person wishing to make such a transfer (that is to say, the member of the scheme) -
(a) a certificate setting out a comparison of the benefits which may accrue from the scheme and which may accrue from the PRSA, and
(b) a written statement of the reasons why such a transfer is or is not in the interest of the person wishing to make such a transfer.
(2) The trustee of the scheme referred to in paragraph (a) of subsection (1) shall, at the request of the person referred to in that subsection, furnish to that person or the PRSA provider referred to in that subsection a statement of the benefits which may accrue from the scheme in respect of that person.
(3) Subsection (1) shall not apply to a transfer -
(a) of a sum less than
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