# The Local Government Superannuation Regulations 1986, Paragraph 17

Extent: E+W+S

Where an advance is made under paragraph 15, the appropriate administering authority's liability under paragraphs 11 and 14 shall be reduced by an amount equal to:
LM×N , where—
L is the value of the advance,
M is the value of the share of the fund to which the scheme managers would have been entitled under paragraph 11 if the apportionment date had been the date on which the advance was made, and
N is the value of the share of the fund to which the scheme managers would have been entitled under paragraph 11 if the advance had not been made.

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Source: https://www.legislation.gov.uk/uksi/1986/24/schedule/18/paragraph/17 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-regulations-1986/schedule-18/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.