Statutory Instruments
2000 No. 2552
PENSIONS
The Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations 2000
Made
19th September 2000
Laid before Parliament
26th September 2000
Coming into force
17th October 2000
The Secretary of State, in exercise of the powers conferred on him by sections 7 and 12 of the Superannuation Act 1972( 1 ) and of all other powers enabling him in that behalf, after consultation with such associations of local authorities as appeared to him to be concerned, the local authorities with whom consultation appeared to him to be desirable and such representatives of other persons likely to be affected by the Regulations as appeared to him to be appropriate, hereby makes the following Regulations:—
Citation and commencement
1. —(1) These Regulations may be cited as the Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations 2000.
(2) These Regulations shall come into force on 17th October 2000, but regulation 3 shall have effect from 19th August 1998.
Amendment of Regulations
2.The Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998( 2 ) are amended in accordance with regulations 3 and 4 of these Regulations.
Definition of “investment”
3. In regulation 3(6)(b), for “a member State” substitute “an EEA State (as defined in that Act)( 3 )”.
Schedule 1—Limits on investments
4. In paragraph 10 of Part I of Schedule 1, for “All insurance contracts” substitute “Any single insurance contract”.
Signed by authority of the Secretary of State
Hilary Armstrong
Minister of State,
Department of the Environment, Transport and the Regions
19th September 2000
1972 c. 11 ; section 12 was amended by section 10 of the Pensions (Miscellaneous Provisions) Act 1990 (c. 7) .
For the definition of “EEA State” see section 96(1) of the Insurance Companies Act 1982 (c. 50) , as amended by S.I. 1994/1696 , regulation 50(1)(g) and 1996/944 , regulation 4(3)(a).