http://www.legislation.gov.uk/uksi/2009/3093/contents/madeThe Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009Occupational pensionsInvestmentCapital and financial marketsTaxState pensionsenKing's Printer of Acts of Parliament2016-06-22PENSIONS, ENGLAND AND WALESThese Regulations consolidate the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998 (S.I. 1998/1831) with subsequent amending instruments. In addition to minor and drafting amendments, the following changes of substance have been made.The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009Preliminary1Citation, commencement and application2General definitions3Definition of “investment”Management of pension fund4Management of pension fund5Power to borrow6Separate bank accountInvestment managers7Definition of “investment manager”8Choice of investment managers9Terms of appointment of investment managers10Review of investment manager’s performanceInvestment and use of fund money11Investment policy and investment of pension fund money12Statement of investment principles13Investments under section 11(1) of the Trustee Investments Act 196114Restrictions on investments15Requirements for increased limits16Use of fund money by an administering authoritySupplementary17RevocationsSCHEDULE 1TABLE OF LIMITS ON INVESTMENTSSCHEDULE 2REVOCATIONSStatutory Instruments2009 No. 3093Pensions, England And WalesThe Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009Made24th November 2009Laid before Parliament1st December 2009Coming into force1st January 2010

These Regulations are made in exercise of the powers conferred by section 7 of, and Schedule 3 to, the Superannuation Act 1972

1972 c.11.

.

In accordance with section 7(5) of that Act the Secretary of State has consulted (a) such associations of local authorities as appeared to the Secretary of State to be concerned; (b) the local authorities with whom consultation appeared to the Secretary of State to be desirable; and (c) such representatives of other persons likely to be affected by the Regulations as appeared to the Secretary of State to be appropriate.

The Secretary of State makes the following Regulations:

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<block name="banner">Statutory Instruments</block>
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These Regulations are made in exercise of the powers conferred by section 7 of, and Schedule 3 to, the Superannuation Act 1972
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<ref eId="c00014" href="http://www.legislation.gov.uk/id/ukpga/1972/11">1972 c.11</ref>
.
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<p>In accordance with section 7(5) of that Act the Secretary of State has consulted (a) such associations of local authorities as appeared to the Secretary of State to be concerned; (b) the local authorities with whom consultation appeared to the Secretary of State to be desirable; and (c) such representatives of other persons likely to be affected by the Regulations as appeared to the Secretary of State to be appropriate.</p>
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