Common use of Regulatory Framework Clause in Contracts

Regulatory Framework. The development and implementation of an Administration Strategy is part of the regulatory framework of the Local Government Pension Scheme Regulations 2013. These provide the conditions and regulatory guidance surrounding the production and implementation of an Administration Strategy. Regulation 59 (1) enables an LGPS administering authority to prepare a document (“the Pension Administration Strategy”) which contains the following: • procedures for liaison and communication with their relevant employing authorities • the establishment of levels of performance which the administering authority and the relevant employing authorities are expected to achieve in carrying out their functions under the LGPS by: o setting performance targets o making agreements about levels of performance and associated matters o such other means as the administering authority considers appropriate • procedures which aim to secure that the administering authority and the relevant employers comply with the statutory requirements in respect of those functions and with any agreement about levels of performance • procedures for improving the communication of information by the administering authority and the relevant employing authorities • the circumstances in which the administering authority may consider giving written notice to a relevant employing authority on account of that employer’s unsatisfactory performance in carrying out its functions under these regulations when measured against levels of performance • such other matters as appear to the administering authority to be suitable for inclusion in that strategy. In addition, Regulation 59(6) of the administration regulations also requires that where a Pension Administration Strategy is produced, a copy is issued to each of the relevant employing authorities as well as to the Secretary of State. Similarly, when the strategy is revised at any future time the administering authority (following a material change to any policies contained within the strategy) must notify all of its relevant employing authorities and also the Secretary of State. It is a requirement that, in preparing or revising any Pension Administration Strategy, the administering authority must consult its relevant employing authorities and such other persons as it considers appropriate. In addition, Regulation 70 of the Administration Regulations allows an administering authority to recover additional costs from a scheme employer where, in its opinion, the costs are directly related to the poor performance of that scheme employer. Where this situation arises, the administering authority is required to give written notice to the scheme employer, setting out the reasons for believing that the additional costs should be recovered, and the amount of the additional costs, together with the basis on which the additional amount has been calculated. The following strategy statement and the Service Level Agreement, sets out the requirements of regulation 59(1). They form the basis of the day-to-day relationship between the Nottinghamshire Pension Fund and scheme employers. They also set out the circumstances under Regulation 70 where additional costs are incurred as a result of the poor performance of a scheme employer, together with the steps that would be followed before any such action is taken.

Regulatory Framework. The development and implementation of an Administration Strategy is part of the regulatory framework of the Local Government Pension Scheme Regulations 2013. These provide the conditions and regulatory guidance surrounding the production and implementation of an Administration Strategy. Regulation 59 (1) enables an LGPS administering authority to prepare a document (“the Pension Administration Strategy”) which contains the following: • procedures for liaison and communication with their relevant employing authorities • the establishment of levels of performance which the administering authority and the relevant employing authorities are expected to achieve in carrying out their functions under the LGPS by: o the setting of performance targets o the making of agreements about levels of performance and associated matters o such other means as the administering authority considers appropriate • procedures which aim to secure that the administering authority and the relevant employers comply with the statutory requirements in respect of those functions and with any agreement about levels of performance • procedures for improving the communication of information by the administering authority and the relevant employing authorities • the circumstances in which the administering authority may consider giving written notice to a relevant employing authority on account of that employer’s unsatisfactory performance in carrying out its functions under these regulations when measured against levels of performance • such other matters as appear to the administering authority to be suitable for inclusion in that strategy. In addition, Regulation 59(6) of the administration regulations also requires that where a Pension Administration Strategy is produced, a copy is issued to each of the relevant employing authorities as well as to the Secretary of State. Similarly, when the strategy is revised at any future time the administering authority (following a material change to any policies contained within the strategy) must notify all of its relevant employing authorities and also the Secretary of State. It is a requirement that, in preparing or revising any Pension Administration Strategy, the administering authority must consult its relevant employing authorities and such other persons as it considers appropriate. In addition, Regulation 70 of the Administration Regulations allows an administering authority to recover additional costs from a scheme employer where, in its opinion, the costs are directly related to the poor performance of that scheme employer. Where this situation arises, the administering authority is required to give written notice to the scheme employer, setting out the reasons for believing that the additional costs should be recoveredrecovered and, and the amount of the additional costs, together with the basis on which the additional amount has been calculated. The following strategy statement and the Service Level Agreement, sets out the requirements of regulation 59(1). They form the basis of the day-to-day relationship between the Nottinghamshire Pension Fund and scheme employers. They also set out the circumstances under Regulation 70 where additional costs are incurred as a result of the poor performance of a scheme employer, together with the steps that would be followed before any such action is were taken.

Regulatory Framework. The development and implementation of an Administration Strategy is part of the regulatory framework frame work of the Local Government Pension Scheme Regulations 2013. These provide the conditions and regulatory guidance surrounding the production and implementation of an Administration Strategy. Regulation 59 administration strategy. (1) enables an LGPS administering authority to prepare a document (“the Pension Administration Strategypension administration strategy”) which contains the following: • procedures  Procedures for liaison and communication with their relevant employing authorities • the authorities.  The establishment of levels of performance which the administering authority and the relevant employing authorities are expected to achieve in carrying out their functions under the LGPS by: by:- o The setting of performance targets targets; o The making of agreements about levels of performance and associated matters matters; o such Such other means as the administering authority considers appropriate • procedures appropriate.  Procedures which aim to secure that the administering authority and the relevant employers comply with the statutory requirements in respect of those functions and with any agreement about levels of performance • procedures performance.  Procedures for improving the communication of information by the administering authority and the relevant employing authorities • the to each other of information relating to those functions.  The circumstances in which the administering authority may consider giving written notice to a relevant employing authority on account of that employer’s employers unsatisfactory performance in carrying out its functions under these regulations when measured against levels of performance • such performance.  Such other matters as appear to the administering authority to be suitable for inclusion in that strategy. In addition, Regulation regulation 59(6) of the administration regulations also requires that where a Pension Administration Strategy pension administration strategy is produced, a copy is issued to each of the relevant employing authorities as well as to the Secretary of State. Similarly, when the strategy is revised at any future time the administering authority (following after say a material change to any policies contained within the strategy) must notify all of its relevant employing authorities and also the Secretary of State. It is a requirement that, in preparing or revising any Pension Administration Strategypension administration strategy, that the administering authority must consult its relevant employing authorities and such other persons as it considers appropriate. In addition, Regulation regulation 70 of the Administration Regulations allows an administering authority to recover additional costs from a the scheme employer where, in its opinion, the costs they are directly related to the poor performance of that scheme employer. Where this situation arises, arises the administering authority is required to give written notice to the scheme employer, setting out the reasons for believing that the additional costs should be recovered, and the amount of the additional costs, together with the basis on which the additional amount has been calculated. The following strategy statement and the Service Level Agreement, sets out the requirements of information required in accordance with regulation 59(1). They form ) and forms the basis of the day-to-day to day relationship between the Nottinghamshire Pension Fund and scheme employersFund. They It also set sets out the circumstances under Regulation regulation 70 where additional costs are incurred as a result of the poor performance of a scheme employer, together with the steps that would be followed taken before any such action is were taken.

Regulatory Framework. The development and implementation of an Administration Strategy is part of the regulatory framework frame work of the Local Government Pension Scheme Regulations 2013. These provide the conditions and regulatory guidance surrounding the production and implementation of an Administration Strategy. Regulation 59 (1) enables an LGPS administering authority to prepare a document (“the Pension Administration Strategy”) which contains the following: • procedures  Procedures for liaison and communication with their relevant employing authorities • the authorities.  The establishment of levels of performance which the administering authority and the relevant employing authorities are expected to achieve in carrying out their functions under the LGPS by: by:- o The setting of performance targets targets; o The making of agreements about levels of performance and associated matters matters; o such Such other means as the administering authority considers appropriate • procedures appropriate.  Procedures which aim to secure that the administering authority and the relevant employers comply with the statutory requirements in respect of those functions and with any agreement about levels of performance • procedures performance.  Procedures for improving the communication of information by the administering authority and the relevant employing authorities • the authorities.  The circumstances in which the administering authority may consider giving written notice to a relevant employing authority on account of that employer’s employers unsatisfactory performance in carrying out its functions under these regulations when measured against levels of performance • such performance.  Such other matters as appear to the administering authority to be suitable for inclusion in that strategyStrategy. In addition, Regulation 59(6) of the administration regulations also requires that where a Pension Administration Strategy is produced, a copy is issued to each of the relevant employing authorities as well as to the Secretary of State. Similarly, when the strategy Strategy is revised at any future time the administering authority (following a material change to any policies contained within the strategy) must notify all of its relevant employing authorities and also the Secretary of State. It is a requirement that, in preparing or revising any Pension Administration Strategy, the administering authority must consult its relevant employing authorities and such other persons as it considers appropriate. In addition, Regulation 70 of the Administration Regulations allows an administering authority to recover additional costs from a scheme employer where, in its opinion, the costs are directly related to the poor performance of that scheme employer. Where this situation arises, arises the administering authority is required to give written notice to the scheme employer, setting out the reasons for believing that the additional costs should be recoveredrecovered and, and the amount of the additional costs, together with the basis on which the additional amount has been calculated. The following strategy Strategy statement and the Service Level Agreement, sets out the requirements of regulation 59(1). They form the basis of the day-to-day to day relationship between the Nottinghamshire Pension Fund Fund, and scheme employersScheme Employers. They also set out the circumstances under Regulation 70 where additional costs are incurred as a result of the poor performance of a scheme employer, together with the steps that would be followed before any such action is were taken.