Conditions for disposal of property
16.  The Board may, in its discretion and subject to such terms and conditions as the Board may impose, permit a member who has withdrawn money under these Regulations to sell, transfer, assign or otherwise dispose of the property or any of his estate or interest therein in respect of which such withdrawal has been made to any person, if the Board is satisfied that adequate arrangements have been made to secure the repayment to the member’s account in the Fund of —
(a)all moneys, withdrawn by him, and of such interest that would have accrued thereto if the withdrawal has not been made; or
(b)the net proceeds of the sale, transfer, assignment or disposition, as the case may be,
whichever is the less.