xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 4Regulatory oversight

21.  After Article 226A insert—

Requirement for internal controls: public service pension schemes

226B.(1) The scheme manager of a public service pension scheme must establish and operate internal controls which are adequate for the purpose of securing that the scheme is administered and managed—

(a)in accordance with the scheme rules, and

(b)in accordance with the requirements of the law.

(2) Nothing in this Article affects any other obligations of the scheme manager to establish or operate internal controls, whether imposed by or by virtue of any statutory provision, the scheme rules or otherwise.

(3) In this Article “internal controls” has the same meaning as in Article 226A..