|
|
|
Scheme administrator
|
| |
3. (1) Subject to subsection (2), the Minister may appoint a body to perform the functions of a scheme administrator subject to such conditions as the Minister thinks fit and specifies in the appointment.
|
|
| |
(2) A scheme administrator may be one of the following:
|
|
| |
(a) a board, authority or other body established by or under an enactment (other than the Companies Acts) whose functions include the administration of schemes of payments;
|
|
| |
(b) a company under the Companies Acts, in which all the shares are held by or on behalf of or jointly with—
|
|
| |
(i) a Minister of the Government,
|
|
| |
(ii) directors appointed by a Minister of the Government, or
|
|
| |
(iii) a board, authority or other body referred to in paragraph (a),
|
|
| |
or
|
|
| |
(c) a company under the Companies Acts that is limited by guarantee without share capital, and in which directors are appointed by—
|
|
| |
(i) the Government or a Minister of the Government, or
|
|
| |
(ii) a board, authority or other body referred to in paragraph (a).
|
