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The Local Government Pension Scheme(Management and Investment of Funds) Regulations 1998
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- UK Statutory Instruments
- 1998 No. 1831
- Investments
- Regulation 11
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Restrictions on investments
11.—(1) Schedule 1 sets out the limits which apply to certain sorts of investments.
(2) The percentages set out in the headings in Part I are the limits on the amount of each description of investment listed under those headings.
(3) Those percentages are percentages of the total value of all existing investments in the fund before making the investment which is subject to the limit.
(4) The limits in that Schedule only apply at the time the investment is made.
(5) Part II of that Schedule sets out certain exceptions to the limits.
(6) Part III of that Schedule applies for interpreting Parts I and II.
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