Regulation 2.C.7 Guarantees, indemnities and bonds

England and Wales

(1)

This regulation applies if—

(a)

an employing authority fails to pay contributions F1or has previously failed to do so in accordance with regulation 2.C.5 or 2.C.6, and

(b)

the authority is—

(i)

a GMS practice;

(ii)

a PMS practice;

(iii)

an APMS contractor; or

(iv)

an OOH provider.

F2(v)

an Independent Provider.

(2)

The Secretary of State may require the authority to have in force a guarantee, indemnity or bond which provides for payment to the Secretary of State, should that authority fail to meet them, of all future liabilities of the authority F3(or such liabilities as are specified by the Secretary of State) under—

(a)

this Part, or

(b)

the National Health Service Pension Scheme (Additional Voluntary Contributions) Regulations 2000^f1.

(3)

The guarantee, indemnity or bond must be in such form, in respect of such an amount and provided by such a person as the Secretary of State approves for the purpose.

Annotations

Textual amendments

F1: Words in reg. 2.C.7(1)(a) inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 28(2)(a) (with reg. 49)
F2: Reg. 2.C.7(1)(b)(v) inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 28(2)(b) (with reg. 49)
F3: Words in reg. 2.C.7(2) inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 28(3) (with reg. 49)

Footnotes

f1: S.I. 2000/619, amended by S.I. 2001/1428 and 3649, 2002/610, 2005/3074, 2006/600 and 2007/3280.