Paragraph 8
Where, for any reason, it is not desirable for an admission body to enter into an indemnity or bond, the admission agreement must provide that the admission body secures a guarantee in a form satisfactory to the administering authority from—
(a)
a person who funds the admission body in whole or in part;
(b)
in the case of an admission body falling within the description in paragraph 1(d), the Scheme employer referred to in that paragraph;
(c)
a person who—
(i)
owns; or
(ii)
controls the exercise of the functions of,
the admission body; or
(d)
the Scottish Ministers in the case of an admission body—
(i)
which is established by or under any enactment; and
(ii)
where that enactment enables the Scottish Ministers to make financial provision for that admission body.