Regulation 151(1) A liquidator appointed in respect of the winding up of a scheme may subject to the beneficial interests of the members with respect to their accrued benefits in an employer sponsored scheme exercise any of the following (a) the power to realise the scheme assets by public auction or private contract, with the power to transfer those assets to any person including the power to sell them in parcels; (b) the power to bring or defend any legal proceedings in the name of the approved trustee of the scheme and on behalf of the trustee; (c) the power to enter into a compromise or arrangement with respect to any debt, claim or liability relating to the scheme assets; (d) the power to engage the services of others to assist in the performance of the liquidator's functions; and (e) the power to do other things that are necessary for winding up the scheme, including the power to transfer the scheme assets to another registered scheme and, to pay or transfer members' accrued benefits, in accordance with the Act.(2) The liquidator may request the Authority to give directions to the liquidator with respect to the conduct of the winding up of the scheme concerned.(3) The Authority shall give directions to the liquidator in response to a request made under sub regulation (2).