The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Amendment Regulations 2000

Amendment of Schedule 1

6.—(1) In Part I of Schedule 1–

(a) for paragraph 9 substitute the following:–

“9.   All investments in units or other shares of the investments subject to the trusts of unit trust schemes managed by any one body (but see paragraph 14).

9A.   All investments in open-ended investment companies where the collective investment schemes constituted by the companies are managed by any one body.

9B.   All investments in units or other shares of the investments subject to the trusts of unit trust schemes and all investments in open-ended investment companies where the unit trust schemes and the collective investment schemes constituted by those companies are managed by any one body (but see paragraph 14).”; and

(b) in paragraph 14, for “and 9” substitute “, 9 and 9B”.

(2) In Part III of Schedule 1 for the definition of “open ended investment company” substitute the following:–

““open ended investment company” means an open ended investment company as defined in section 75(8) of the Financial Services Act 1986(1) which is an undertaking for collective investment schemes to which the Council Directive No. 85/611/EEC co ordinating the laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities(2), as amended, applies;”.

(1)

1986 c. 60.

(2)

O.J. No. L375, 31.12.1985, p.3 18 as amended by Council Directive 88/220/EEC (O.J. No. L100, 19.04.1988, p.31 31).