1.—(1) This paragraph applies to—
(a)the scheme; and
(b)any statutory pension scheme that is connected with it,
which in this paragraph are together referred to as “the relevant schemes”.
(2) In addition to any obligations on record keeping imposed on the scheme manager by regulations made pursuant to section 16 of the 2013 Act, the scheme manager must keep accounts of all income and expenditure of the relevant schemes in a form approved by the Treasury.
(3) The accounts must be open to examination by the Auditor General for Scotland.
(4) The scheme actuary must prepare a valuation of the relevant schemes in accordance with any Treasury directions given from time to time pursuant to section 11(2) of the 2013 Act.
(5) The scheme actuary must send a copy of the valuation of the relevant schemes to the scheme manager and to the Treasury.