Michael Cameron

SHR and OSCR have distinct statutory responsibilities in relation to the regulation of charitable RSLs. The MoU explains how SHR and OSCR will work together to fulfil their statutory responsibilities and prevent duplication of regulation and any unnecessary burden on charitable RSLs.

The primary objectives of the MOU are to:

• Promote the duty on both organisations to communicate;
• Ensure that SHR and OSCR fulfil their statutory duties in the most effective way possible;
• Minimise the burden of regulation for RSLs in Scotland as registered as charities; and
• Set out the ways of working between OSCR and SHR in which SHR will act as lead regulator.

SHR and OSCR have adopted a ‘lead regulator’ model for charitable RSLs which allows SHR to take the lead in substantial business with charitable RSLs whilst at the same time ensuring legal requirements are met.

Michael Cameron, chief executive of SHR, said: “SHR and OSCR developed this MoU to ensure we work effectively to fulfil our statutory duties and minimise the burden of regulation for charitable RSLs. The MoU describes the practical arrangements both regulators have put in place to keep the requirements for charitable RSLs proportionate.”