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The Local Government Pension Scheme Regulations 2013

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Changes over time for: Paragraph 7

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Version Superseded: 31/12/2020

Alternative versions:

Status:

Point in time view as at 31/12/2014.

Changes to legislation:

The Local Government Pension Scheme Regulations 2013, Paragraph 7 is up to date with all changes known to be in force on or before 15 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

This section has no associated Explanatory Memorandum

7.  Notwithstanding paragraph 6, and subject to paragraph 8, the admission agreement must further provide that where the level of risk identified by the assessment is such as to require it, the admission body shall enter into an indemnity or bond in a form approved by the administering authority with—E+W

(a)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 M1 to accept deposits or to effect and carry out contracts of general insurance;

(b)a firm in an EEA state of the kind mentioned in paragraph 5(b) and (d) of Schedule 3 to that Act M2, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) M3 to accept deposits or to effect and carry out contracts of general insurance; or

(c)a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom.

Marginal Citations

M2Paragraph 5(b) of Schedule 3 was amended by S.I. 2006/3221, and paragraph 5(d) of that Schedule was amended by S.I. 2004/3379.

M3There are amendments to paragraphs 12 and 15 of the Schedule which are not relevant to these Regulations.

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