Common use of Records and Administration Clause in Contracts

Records and Administration. The Admitted Body shall maintain accurate and up to date records (including payroll records) and accounts in accordance with all guidance issued by the Scheme Manager from time to time, including in the EPG/EPN. The Minister, Scheme Manager, its auditors and its authorised representatives shall be given reasonable opportunity during normal business hours to examine, inspect and take copies of the records or accounts referred to in Clause 11.1 above (the “Audit”) The Admitted Body shall provide the Scheme Manager, its auditors and its authorized representatives with all reasonable co-operation and assistance in relation to each Audit, including: all information reasonably requested by the Scheme Manager on a timely basis; and reasonable access to relevant Admitted Body personnel. The Admitted Body shall transfer all necessary member records to any new employer on such occasions and in such a manner as required by the Schemes notified under the EPG. If requested to do so by the Minister, the Admitted Body must provide the Minister with a copy of its audited annual accounts in respect of the immediately preceding financial year within 21 days of such request.