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The Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 1998
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PART IIEXCEPTIONS TO LIMITS IN PART I
12. The limit in paragraph 4 does not apply to a Government loan.
13. The limit in paragraph 6 does not apply if–
(a)the investment is made by an investment manager appointed under regulation 6; and
(b)the single holding is in units or other shares of the investments subject to the trusts of any one unit trust scheme.
14. The limits in paragraphs 6 and 9 do not apply–
(a)to any investment falling within paragraph 1 of Part I (National Savings) or paragraph 1 or 2 of Part II (interest bearing securities, loans etc.) of Schedule 1 to the Trustee Investments Act 1961; or
(b)to a deposit with a relevant institution.
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