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

SCHEDULE 1 LIMITS ON INVESTMENTS

PART 1 Table

				Column	Column
				(1)	(2)
				Limits under regulation 14(2)	Increased limits under regulation 14(3)
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. The sum of—				10%	—
	(a)	all loans (but see paragraph 14 of Part 2); and
	(b)	any deposits with—
		(i)	any local authority; or
		(ii)	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 2000 Act) in respect of accepting deposits as a result of an order made under section 38(1) of that Act (exemption orders).
5. All investments in unlisted securities of companies.				10%	15%
6. Any single holding (but see paragraphs 15 and 16 of Part 2).				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 shares of the investments subject to the trusts of unit trust schemes managed by any one body (but see paragraph 16 of Part 2).				25%	35%
10. All investments in open-ended investment companies where the collective investment schemes constituted by the companies are managed by one body.				25%	35%
11. 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 16 of Part 2).				25%	35%
12. Any single insurance contract.				25%	35%
13. All securities transferred (or agreed to be transferred) by the administering authority under stock lending arrangements.				25%	35%