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Pension Schemes Act 2015

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This is the original version (as it was originally enacted).

17Restriction on borrowing by trustees or managers

This section has no associated Explanatory Notes

(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.

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