Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 2000

1. Introductory Text

2. Preliminary

   1. 1. Citation and commencement

   2. 2. General definitions

   3. 3. Definition of “investment”

   4. 4. Definition of “investment manager”

3. Management of the fund

   1. 5. Management of the fund

   2. 6. Choice of investment managers

   3. 7. Terms of appointment of investment managers

   4. 8. Review of investment manager’s performance

4. Investments

   1. 9. Use and investment of fund money

   2. 10. Statement of investment principles

   3. 11. Investments under section 11 of the Trustee Investments Act 1961

   4. 12. Restrictions on investments

5. Signature

6. 1. SCHEDULE

      Limits on Investments

      1. Part I

         1. 1. 1% limit

         2. 2. 2% limit

         3. 3. 5% limit

         4. 4. 10% limit

         5. 5. All investments in unlisted securities of companies.

         6. 6. Any single holding (but see paragraphs 15 and 16).

         7. 7. All deposits with any single bank, institution or person (other...

         8. 8. 15% limit

         9. 9. 25% limit

         10. 10. All investments in open-ended investment companies where the collective investment...

         11. 11. All investments in units or other shares of the investments...

         12. 12. All insurance contracts.

         13. 13. All securities transferred (or agreed to be transferred) by the...

      2. Part II Exceptions to limits in Part I

         1. 14. The restriction in paragraph 4 does not apply to a...

         2. 15. The restriction in paragraph 6 does not apply if—

         3. 16. The restrictions in paragraphs 6 , 9 and 11 do...

      3. Part III Interpretation of Parts I and II

         1. 17. In this Schedule— “Collective investment scheme” has the meaning given...

7. Explanatory Note