Regulation 3.C.4 Guarantees, indemnities and bondsF1

England and Wales

(1)

This regulation applies if—

(a)

an employing authority fails to pay contributions F2or has previously failed to pay contributions in accordance with regulation 3.C.3, and

(b)

the authority is—

(i)

a GMS practice;

(ii)

a PMS practice;

(iii)

an APMS contractor; or

(iv)

an OOH 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)

these Regulations, 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 Regulations substituted (6.11.2023) by The Health and Care Act 2022 (Further Consequential Amendments) (No. 2) Regulations 2023 (S.I. 2023/1071), reg. 1(1), Sch. para. 1
F2: Words in reg. 3.C.4(1)(a) inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 43(2) (with reg. 49)
F3: Words in reg. 3.C.4(2) inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 43(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.