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The Local Government Pension Scheme (Governance) (Amendment) Regulations (Northern Ireland) 2015

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Amendment of the Principal Regulations 2014

This section has no associated Explanatory Memorandum

5.  In Schedule 1 (interpretation)—

(a)after the definition of “admission body” insert—

“the Advisory Board” means a board established under regulation 120 (scheme advisory board: establishment);; and

(b)after the definition of “benefit crystallisation event” insert—

“the Board” means a board established under regulation 116 (pension board: establishment);; and

(c)after the definition of “commutation amount” insert—

“conflict of interest” in relation to a person, means a financial or other interest which is likely to prejudice the person’s exercise of functions as a member of the Advisory Board or the Board (but does not include a financial or other interest merely by virtue of membership of the Scheme);.

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