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The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010

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  1. Introductory Text

  2. Preliminary

    1. 1.Citation and commencement

    2. 2.General definitions

    3. 3.Definition of “investment”

  3. Management of pension fund

    1. 4.Management of pension fund

    2. 5.Power to borrow

    3. 6.Separate bank account

  4. Investment managers

    1. 7.Definition of “investment manager”

    2. 8.Choice of investment managers

    3. 9.Terms of appointment of investment managers

    4. 10.Review of investment manager’s performance

  5. Investment and use of pension fund money

    1. 11.Investment of pension fund money

    2. 12.Statement of investment principles

    3. 13.Investments under s.11 of the Trustee Investments Act 1961

    4. 14.Restrictions on investments

    5. 15.Requirements for increased limits

    6. 16.Use of fund money by an administering authority

  6. Supplementary

    1. 17.Consequential amendments and revocations

  7. Signature

    1. SCHEDULE 1

      LIMITS ON INVESTMENTS

      1. PART I Table

      2. PART II Exceptions to limits in Part I

      3. PART III Interpretation

    2. SCHEDULE 2

      CONSEQUENTIAL AMENDMENTS

    3. SCHEDULE 3

      REVOCATIONS

  9. Explanatory Note

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