17Restriction on borrowing by trustees or managers
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Nodiadau Esboniadol
(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.