Regulation 151 Guarantees, bonds and indemnities

(1)

This regulation applies if—

(a)

an employing authority fails or has at any time in the past failed to pay or to remit contributions in accordance with regulation 30 to 34, 47, 56 or 61; and

(b)

the authority is—

(i)

a GMS practice;

(ii)

a Section 17C Agreement provider;

(iii)

an HBPMS contractor; or

(iv)

an OOH provider.

(2)

The scheme manager may require the authority to have in force a guarantee, indemnity or bond which provides for payment to the scheme manager, if the authority fails to meet them, of all future liabilities under—

(a)

this scheme; or

(b)

the National Health Service Superannuation Scheme (Scotland) (Additional Voluntary Contributions) Regulations 1998 M1.

(3)

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

Annotations

Marginal citations

M1: S.I. 1998/1451.