Part 2The Board of the Pension Protection Fund
Chapter 1The Board
Financial matters
114Investment principles
(1)
The Board must secure—
(a)
that a statement of investment principles is prepared and maintained, and
(b)
that the statement is reviewed at such intervals, and on such occasions, as may be prescribed and, if necessary, revised.
(2)
In this section “statement of investment principles” means a written statement of the investment principles governing determinations about investments made by or on behalf of the Board.
(3)
Before preparing or revising a statement of investment principles, the Board must comply with any prescribed requirements.
(4)
A statement of investment principles must be in the prescribed form and cover, amongst other things, the prescribed matters.