2001 No. 62
Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2001
Made
Coming into operation
The Department of the Environment, in exercise of the powers conferred on it by Articles 9 and 14 of, and Schedule 3 to, the Superannuation (Northern Ireland) Order 19721 and now vested in it2 and of every other power enabling it in that behalf, and after consultation with the Association of Local Authorities of Northern Ireland, the Northern Ireland Local Government Officers' Superannuation Committee and such representatives of other persons likely to be affected by the regulations as appeared to it to be appropriate, hereby makes the following Regulations:—
Citation and commencement1
These Regulations may be cited as the Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2001 and shall come into operation on 2nd April 2001 and shall have effect from that date with the exception of regulation 3 which shall have effect as from 1st August 2000.
Amendment of Regulations2
The Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 20003 shall be amended in accordance with regulations 3, 4 and 5.
Definition of “investment”3
In regulation 3(5)(b), for “a member state” substitute “an EEA State (as defined in that Act)4”.
Management of the fund4
In regulation 5(1), for the words “the fund it administers” substitute the words “the fund”.
Limits on investments5
In paragraph 12 of Part I of the Schedule, for “All insurance contracts” substitute “Any single insurance contract”.
Sealed with the Official Seal of the Department of the Environment on 16th February 2001.
(This note is not part of the Regulations)