Introductory Text
Preliminary
1.Citation and commencement
2.General definitions
3.Definition of “investment”
4.Definition of “investment manager”
Management of the fund
5.Management of the fund
6.Choice of investment managers
7.Terms of appointment of investment managers
8.Review of investment manager’s performance
Investments
9.Use and investment of fund money
10.Statement of investment principles
11.Investments under section 11 of the Trustee Investments Act 1961
12.Restrictions on investments
Signature
SCHEDULE
Limits on Investments
Part I
1.1% limit
2.2% limit
3.5% limit
4.10% limit
5.All investments in unlisted securities of companies.
6.Any single holding (but see paragraphs 15 and 16).
7.All deposits with any single bank, institution or person (other...
8.15% limit
9.25% limit
10.All investments in open-ended investment companies where the collective investment...
11.All investments in units or other shares of the investments...
12.All insurance contracts.
13.All securities transferred (or agreed to be transferred) by the...
Part II Exceptions to limits in Part I
14.The restriction in paragraph 4 does not apply to a...
15.The restriction in paragraph 6 does not apply if—
16.The restrictions in paragraphs 6 , 9 and 11 do...
Part III Interpretation of Parts I and II
17.In this Schedule— “Collective investment scheme” has the meaning given...
Explanatory Note