37(1)The administrator of a pension plan shall not transfer money out of the pension fund pursuant to section 36, 40.1, 43 or 56.1 without the consent of the Superintendent if the transfer is not within the prescribed limitations in relation to transfers of money from pension funds.

37(2)Upon request for consent under subsection (1), the Superintendent may consent to the transfer on such terms and conditions as the Superintendent considers appropriate in the circumstances.