# The Local Government Pension Scheme Regulations 2013, Paragraph 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—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits or to effect and carry out contracts of general insurance;
(b) ...or
(c) a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2013/2356/schedule/2/part/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-regulations-2013/schedule-2/part-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.