18.—(1) Regulation U3 (accounts and actuarial reports) is amended as follows.
(2) In paragraph (3) before “The scheme actuary”, insert “Subject to paragraph (3A),”.
(3) After paragraph (3), insert—
“(3A) The actuarial report referred to in paragraph (3) shall be based on actuarial assumptions determined by the Scottish Ministers with the consent of the Treasury.
(3B) Before determining the assumptions referred to in paragraph (3A) the Scottish Ministers may consult—
(a)such representatives of employees and employing authorities as appear to the Scottish Ministers to be appropriate, and
(b)the scheme actuary.”.