PART 2Administration

Administering authorities

Administering authorities: governance compliance statement55

1

An administering authority must prepare a written statement setting out—

a

whether the authority delegates its functions, or part of its functions under these Regulations to a committee, a sub-committee or an officer of the authority;

b

if the authority does so—

i

the terms, structure and operational procedures of the delegation,

ii

the frequency of any committee or sub-committee meetings,

iii

whether such a committee or sub-committee includes representatives of Scheme employers or members, and if so, whether those representatives have voting rights;

c

the extent to which a delegation, or the absence of a delegation, complies with guidance given by the Secretary of State and, to the extent that it does not so comply, the reasons for not complying; and

d

details of the terms, structure and operational procedures relating to the local pension board established under F1regulation 106 (local pension boards: establishment).

2

An administering authority must keep a statement prepared under paragraph (1) under review, and make such revisions as are appropriate, following a material change to any of the matters mentioned in that paragraph.

3

Before preparing or revising a statement under this regulation, an administering authority must consult such persons as it considers appropriate.

4

An administering authority must publish its statement under this regulation, and any revised statement.