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PART 2 SGovernance

CHAPTER 2SActuary and valuation

Procedure for agreeing steps to achieve target costS

10.—(1) This regulation applies if notice is given under regulation 9.

(2) The Scottish Ministers must make a request to the scheme advisory board—

(a)to consider the matter; and

(b)give advice to the Scottish Ministers as to means by which the target cost is to be achieved.

(3) The Scottish Ministers must consider the advice and seek to reach agreement with the scheme advisory board as to the means by which the target cost is to be achieved.

(4) In acting under paragraphs (2) and (3), the Scottish Ministers must specify the date before which—

(a)the advice must be provided; and

(b)agreement must be reached.