Part 4 Accounts
Pensions Act 2004 (2004 c 35) | Legislation

Part 4 Accounts

Accounts

22

(1)     The Board must—

(a)     keep proper accounts and proper records in relation to the accounts, and

(b)     prepare in respect of each financial year a statement of accounts.

(2)     Each statement of accounts must—

(a)     contain an actuarial valuation of the Pension Protection Fund, and

(b)     comply with any accounting directions given by the Secretary of State with the approval of the Treasury.

(3)     For the purposes of sub-paragraph (2)—

“actuarial valuationâ€, with respect to the Fund, means a valuation, prepared and signed by the appointed actuary,

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