14.—(1) Regulations may require the trustees or managers of a pension scheme to prepare a statement of their investment strategy in connection with any collective benefit investments.
(2) The regulations may, in particular, make provision about—
(a)the content of the statement;
(b)reviewing and revising the statement.
(3) The regulations may, in particular—
(a)make provision corresponding or similar to any provision made by Article 35 of the 1995 Order (investment principles for occupational trust-based schemes);
(b)disapply that Article in relation to any investments to which the regulations apply.
15.—(1) Regulations may require the trustees or managers of a pension scheme to obtain reports about the performance of any collective benefit investments.
(2) The regulations may, in particular, make provision about—
(a)the content of reports;
(b)how often reports must be obtained;
(c)the person from whom reports must be obtained.
16.—(1) Regulations may make provision about—
(a)the investment powers of the trustees or managers of a pension scheme in connection with collective benefit investments;
(b)their powers to delegate decisions in connection with collective benefit investments (including provision as to liability for delegated decisions);
(c)the investment powers of any person to whom they have delegated decisions in connection with collective benefit investments.
(2) The regulations may, in particular—
(a)make provision corresponding or similar to any provision made by Article 34 or 36 of the 1995 Order (powers of investment and delegation and choice of investments for occupational trust-based schemes);
(b)disapply those Articles in relation to collective benefit investments.
17.—(1) Regulations may prohibit a person to whom this section applies from borrowing money or acting as a guarantor except in specified cases.
(2) This section applies to—
(a)the trustees or managers of a pension scheme under which any of the benefits that may be provided are collective benefits, and
(b)any person to whom they have delegated decisions in connection with collective benefit investments.
18.—(1) Regulations may make provision to prevent any instrument or agreement from excluding or restricting any liability of the trustees or managers of a pension scheme, or any person to whom they have delegated decisions, in respect of the performance of investment functions involving collective benefit investments.
(2) The regulations may, in particular—
(a)make provision corresponding or similar to any provision made by Article 33 of the 1995 Order (duty of care in respect of investment powers for occupational trust-based schemes);
(b)disapply that Article in relation to collective benefit investments.