Restriction on borrowing by trustees or managers
This section has no associated Explanatory Notes
17.—(1) Regulations may prohibit a person to whom this section applies from borrowing money or acting as a guarantor except in specified cases.
(2) This section applies to—
(a)the trustees or managers of a pension scheme under which any of the benefits that may be provided are collective benefits, and
(b)any person to whom they have delegated decisions in connection with collective benefit investments.