http://www.legislation.gov.uk/ssi/2010/233/contents/madeThe Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010Occupational pensionsInvestmentCapital and financial marketsTaxState pensionsenKing's Printer for Scotland2019-09-23PENSIONS These Regulations consolidate the Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 1998 as amended. In addition to minor and drafting changes, the following changes of substance have been made. The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010Sch. 1The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Amendment Regulations 2016reg. 2reg. 1(2)The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010reg. 3(8)The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013Sch. 2 para. 183 The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010 Preliminary1Citation and commencement2General definitions3Definition of “investment” Management of pension fund4Management of pension fund5Power to borrow6Separate bank account Investment managers7Definition of “investment manager”8Choice of investment managers9Terms of appointment of investment managers10Review of investment manager’s performance Investment and use of pension fund money11Investment policy and investment of pension fund money12Statement of investment principles13Investments under section 11 of the Trustee Investments Act 196114Restrictions on investments15Requirements for increased limits16Use of fund money by an administering authority Supplementary17Consequential amendments and revocations SCHEDULE 1LIMITS ON INVESTMENTSPART 1TablePART 2Exceptions to limits in the table in Part 114The limit in paragraph 4 of the table does not...15The limit in paragraph 6 of the table does not...16The limits in paragraphs 6, 9 and 11 of the...PART 3Interpretation17In this Schedule— “collective investment scheme” has the meaning given... SCHEDULE 2CONSEQUENTIAL AMENDMENTS1In the Local Government Pension Scheme (Administration) (Scotland) Regulations 2008—... SCHEDULE 3REVOCATIONS 2010 No. 233 Pensions The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010 Made 10th June 2010 Laid before the Scottish Parliament 11th June 2010 Coming into force 5th July 2010

The Scottish Ministers make the following Regulations in exercise of the powers conferred by section 7 of, and Schedule3 to, the Superannuation Act 1972 and of all other powers enabling them to do so.

In accordance with section7(5) of that Act, they have consulted such associations of local authorities as appeared to them to be concerned, such local authorities with whom consultation appeared to them to be desirable, and such representatives of other persons likely to be affected by the proposed regulations as appeared to them to be appropriate.
1972 c.11. The functions of the Secretary of State exercised in the making of these Regulations were transferred to the Scottish Ministers as regards Scotland by virtue of the Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750).
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<dc:title>The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010</dc:title>
<dc:subject>Occupational pensions</dc:subject>
<dc:subject>Investment</dc:subject>
<dc:subject>Capital and financial markets</dc:subject>
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<Number>2010 No. 233</Number>
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<Title>The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010</Title>
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The Scottish Ministers make the following Regulations in exercise of the powers conferred by section 7 of, and Schedule
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3 to, the Superannuation Act 1972
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and of all other powers enabling them to do so.
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In accordance with section
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7(5) of that Act, they have consulted such associations of local authorities as appeared to them to be concerned, such local authorities with whom consultation appeared to them to be desirable, and such representatives of other persons likely to be affected by the proposed regulations as appeared to them to be appropriate.
</Text>
</Para>
</EnactingText>
</SecondaryPreamble>
</SecondaryPrelims>
</Secondary>
<Footnotes>
<Footnote id="f00001">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1972/11" id="c00009" Class="UnitedKingdomPublicGeneralAct" Year="1972" Number="0011">1972 c.11</Citation>
. The functions of the Secretary of State exercised in the making of these Regulations were transferred to the Scottish Ministers as regards Scotland by virtue of the Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (
<Citation URI="http://www.legislation.gov.uk/id/uksi/1999/1750" id="c00010" Class="UnitedKingdomStatutoryInstrument" Year="1999" Number="1750">S.I. 1999/1750</Citation>
).
</Text>
</Para>
</FootnoteText>
</Footnote>
</Footnotes>
</Legislation>