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The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010

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PART 1Table

Column

Column

(1)

(2)

Limits under regulation 14(2)

Increased limits under regulation 14(3)

1. Any single sub-underwriting contract.1%5%
2. All contributions to any single partnership.2%5%
3. All contributions to partnerships.5%15%
4. The sum of—10%
(a)all loans (but see paragraph 14 of Part 2); and
(b)any deposits with—
(i)any local authority; or
(ii)any body with power to issue a precept or requisition to a local authority, or to the expenses of which a local authority can be required to contribute, which is an exempt person (within the meaning of the 2000 Act) in respect of accepting deposits as a result of an order made under section 38(1) of that Act (exemption orders).
5. All investments in unlisted securities of companies.10%15%
6. Any single holding (but see paragraphs 15 and 16 of Part 2).10%
7. All deposits with any single bank, institution or person (other than the National Savings Bank).10%
8. All sub-underwriting contracts.15%
9. All investments in units or shares of the investments subject to the trusts of unit trust schemes managed by any one body (but see paragraph 16 of Part 2).25%35%
10. All investments in open-ended investment companies where the collective investment schemes constituted by the companies are managed by one body.25%35%
11. All investments in units or other shares of the investments subject to the trusts of unit trust schemes and all investments in open-ended investment companies where the unit trust schemes and the collective investment schemes constituted by those companies are managed by any one body (but see paragraph 16 of Part 2).25%35%
12. Any single insurance contract.25%35%
13. All securities transferred (or agreed to be transferred) by the administering authority under stock lending arrangements.25%35%

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