As a result of the Admission Agreement between BMBC, Forge Community Partnership, and SYPA terminating, and in accordance with the statutory requirement under the LGPS Regulations 2013, SYPA has commissioned the actuary to the Fund to undertake an assessment of liabilities upon crystallisation of the Agreement (a “termination certificate”). As BMBC acted as a full guarantor to the admission all assets and liabilities are subsumed by BMBC.