OpenLegislation

Article 9 Requirement to determine the amount of the deposit

Original text. Later amendments are not shown.

(1)

The scheme administrator must determine the amount of the deposit in respect of scheme articles.

(2)

In making a determination under paragraph (1), the scheme administrator must—

(a)

use its best endeavours to reach agreement with any other scheme administrator on setting the same amount of deposit for any other deposit and return scheme, and

(b)

have regard to any determinations of the amount of the deposit by any other scheme administrator when the scheme administrator determines the amount of the deposit.

(3)

The scheme administrator must publish a notice, in such manner as it considers appropriate, which specifies the amount of the deposit in respect of scheme articles.

(4)

If requested to do so, the scheme administrator must inform the Scottish Ministers of the methodology, data and evidence relied upon to calculate and determine the amount of the deposit.