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55.—(1) An administering authority must prepare a written statement setting out—
(a)whether the authority delegates its functions, or part of its functions under these Regulations to a committee, a sub-committee or an officer of the authority;
(b)if the authority does so—
(i)the terms, structure and operational procedures of the delegation,
(ii)the frequency of any committee or sub-committee meetings,
(iii)whether such a committee or sub-committee includes representatives of Scheme employers or members, and if so, whether those representatives have voting rights;
(c)the extent to which a delegation, or the absence of a delegation, complies with guidance given by the Secretary of State and, to the extent that it does not so comply, the reasons for not complying; and
(d)details of the terms, structure and operational procedures relating to the local pension board established under [F1regulation 106 (local pension boards: establishment)].
(2) An administering authority must keep a statement prepared under paragraph (1) under review, and make such revisions as are appropriate, following a material change to any of the matters mentioned in that paragraph.
(3) Before preparing or revising a statement under this regulation, an administering authority must consult such persons as it considers appropriate.
(4) An administering authority must publish its statement under this regulation, and any revised statement.
Textual Amendments
F1Words in reg. 55(1)(d) substituted (1.4.2015) by The Local Government Pension Scheme (Amendment) (Governance) Regulations 2015 (S.I. 2015/57), regs. 1(3)(b)(ii), 4