The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Amendment Regulations 2004

PART I

	Column (1)	Column (2)
	Limits under regulation 11(2)	Increased limits under regulation 11(2A)
1.  Any single sub-underwriting contract.	1%	5%
2.  All contributions to any single partnership.	2%	5%
3.  All contributions to partnerships.	5%	15%
4.  All deposits with– (a) Any local authority, or (b) Any body with power to issue a precept or requisition to a local authority, or to the expenses of which a local authority can be required to contribute, which is an exempt person (within the meaning of the Financial Services and Markets Act 2000)(1) in respect of accepting deposits as a result of an order made under section 38(1) of that Act (exemption orders), and all loans (but see paragraph 12 of Part II).	10%	–
5.  All investments in unlisted securities of companies.	10%	15%
6.  Any single holding (but see paragraphs 13 and 14 of Part II).	10%	–
7.  All deposits with any single bank, institution or person (other than the National Savings Bank).	10%	–
8.  All sub-underwriting contracts.	15%	–
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 of Part II).	25%	35%
9A.  All investments in open-ended investment companies where the collective investment schemes constituted by the companies are managed by any one body.	25%	35%
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 of Part II).	25%	35%
10.  Any single insurance contract.	25%	35%
11.  All securities transferred (or agreed to be transferred) by the authority under stock lending arrangements.	25%	–

(1)

2000 c. 8.