# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Paragraph 10: Distribution of functions between Custodian Trustee and Managing Trustees


The Custodian Trustee, if he acts in good faith, shall not be liable for accepting as correct, and acting upon the faith of, any statement of the Managing Trustees as to any matter of fact, nor for acting upon any legal advice obtained by the Managing Trustees independently of the Custodian Trustee, nor for acting in accordance with any directions given to him in writing and purporting to be signed by or on behalf of the Managing Trustees.

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Source: https://www.legislation.gov.uk/uksi/1993/3253/schedule/1/paragraph/10 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-1/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.