The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010 No. 233

SCHEDULE 1 LIMITS ON INVESTMENTS

PART 2 Exceptions to limits in the table in Part 1

15.  The limit in paragraph 6 of the table does not apply if—

(a) the investment is made by an investment manager appointed under regulation 8; and

(b) the single holding is in units or other shares of the investments subject to the trusts of any one unit trust scheme.