# The National Health Service Pension Scheme Regulations 2015, Regulation 12: Approval mechanism


An agreement under regulation 10 or an adjustment under regulation 11 must not be implemented unless—
(a) the scheme actuary certifies that the agreement or adjustment (as the case may be) will have the effect of enabling the scheme to meet the target cost; and
(b) the Treasury approves the agreement or adjustment.

---
Source: https://www.legislation.gov.uk/uksi/2015/94/regulation/12 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.