{
  "url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003",
  "json_url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003.json",
  "id": "ssi/2003/580",
  "title": "The Local Government Pension Reserve Fund (Scotland) Regulations 2003",
  "short_title": "Local Government Pension Reserve Fund 2003",
  "long_title": "These regulations require each local authority to set up a fund which will record pension scheme deficits and surpluses for which local authorities have responsibility. This fund will be separate from the local authority’s general fund, and anything accounted for in this fund will not form part of the local authority’s general fund. This is to comply with section 12 of the Local Government in Scotland Act 2003, in terms of which it is the duty of local authorities to observe proper accounting practices. This includes those practices which by reference to any generally recognised code or otherwise, are regarded as proper accounting practices to be observed in the preparation and publication of accounts of local authorities. From this year local authorities will have to observe the CIPFA/LASAAC “Code of Practice on Local Authority Accounting in the UK: A Statement of Recommended Practice” which changes the way they account for pension scheme deficits and surpluses in line with Financial Reporting Standard 17 (FRS17).",
  "citation": "S.S.I. 2003/580",
  "type": "ssi",
  "year": "2003",
  "number": "580",
  "version": "current",
  "date": "2003-11-26",
  "revised": false,
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  "unapplied_effects": 1,
  "provisions": [
    {
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      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/introduction",
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    },
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      "number": "2",
      "heading": "Establishment of Local Government Pension Reserve Fund",
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    },
    {
      "path": "note",
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      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/note",
      "extent": null,
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    }
  ],
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      "date": "2008-12-04",
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      "url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/pdf/ssi_20030580_en.pdf",
      "source_url": "https://www.legislation.gov.uk/ssi/2003/580/pdfs/ssi_20030580_en.pdf"
    }
  ],
  "outstanding_effects": [
    {
      "type": "am",
      "affected_provisions": "reg 2",
      "affecting": "ssi/2010/34",
      "affecting_title": "The Local Government Pension Reserve Fund (Scotland) Amendment Regulations 2010",
      "affecting_provisions": "reg 2"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1973/65",
      "title": "Local Government (Scotland) Act 1973",
      "url": "https://openlegislation.uk/local-government-scotland-act-1973",
      "provisions": [
        "section/93"
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    {
      "id": "ukpga/1992/14",
      "title": "Local Government Finance Act 1992",
      "url": "https://openlegislation.uk/local-government-finance-act-1992",
      "provisions": [
        "section/93"
      ]
    }
  ],
  "changes_made_to": 1,
  "changes_made_to_url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/local-government-pension-reserve-fund-scotland-regulations-2003/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2003/580",
    "retrieved_at": "2026-10-28T22:33:56.508734+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}