Textual Amendments
F1Sch. B1 inserted (S.) (1.7.2019) by Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 (asp 4), s. 9(2), sch.; S.S.I. 2019/197, reg. 2
12(1)As for the basis on which the rate-assessor is to proceed by virtue of paragraph 7(1), the notional portfolio is a combination of various types of things for investment in.S.
(2)In the table—
(a)the first column shows the types of things that the portfolio is composed of,
(b)the second column shows the percentage that each of the types of things is of the portfolio.
(3)Here is the table—
| cash or equivalents | 10% |
| nominal gilts | 15% |
| index-linked gilts | 10% |
| UK equities | 7.5% |
| overseas equities | 12.5% |
| high-yield bonds | 5% |
| investment-grade credit | 30% |
| property (heritable or moveable) | 5% |
| other types (see the examples) | 5% |
(4)Examples of other types as mentioned at the bottom of the first column of the table are infrastructure, commodities, hedge funds and absolute return funds.
13S.So far as necessary, if—
(a)an entry in the first column of the table is not ascribed meaning by regulations under paragraph 14, or
(b)any associated examples are not ascribed meaning by regulations under paragraph 14,
the entry is or (as the case may be) examples are to be interpreted by the rate-assessor as appropriate by bringing to bear professional knowledge of what the relevant terminology is commonly understood to mean in investment contexts.]