# Pensions Act 1995, Section 36A: Restriction on borrowing by trustees


Regulations may prohibit the trustees of a trust scheme, or the fund manager to whom any discretion has been delegated under section 34, from borrowing money or acting as a guarantor, except in prescribed cases.

---
Source: https://www.legislation.gov.uk/ukpga/1995/26/section/36A (the official version)
Page: https://openlegislation.uk/pensions-act-1995/section-36A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.