The Local Government Pension Scheme (Scotland) Regulations 2014

This section has no associated Policy Notes

8.  Where, for any reason, it is not desirable for an admission body to enter into an indemnity or bond, the admission agreement must provide that the admission body secures a guarantee in a form satisfactory to the administering authority from—

(a)a person who funds the admission body in whole or in part;

(b)in the case of an admission body falling within the description in paragraph 1(d), the Scheme employer referred to in that paragraph;

(c)a person who—

(i)owns, or

(ii)controls the exercise of the functions of,

the admission body; or

(d)the Scottish Ministers in the case of an admission body—

(i)which is established by or under any enactment, and

(ii)where that enactment enables the Scottish Ministers to make financial provision for that admission body.