
2006 No. 400
local government
Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2006
Made 4th October 2006
Coming into operation 6th November 2006

The Department of the Environment, in exercise of the powers conferred by Article 9 of, and Schedule 3 to, the Superannuation (Northern Ireland) Order 1972 and now vested in it.

In accordance with Article 9 of that Order the Department has consulted with the Northern Ireland Local Government Association, the Northern Ireland Local Government Officers’ Superannuation Committee and such representatives of other persons likely to be affected by the Regulations as appeared to it to be appropriate:
Citation and commencement
1 

(1) These Regulations may be cited as the Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2006 and shall come into operation on 6th November 2006.
Amendment
2 

(1) The Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 2000 shall be amended in accordance with paragraphs (2) to (4).
(2) After regulation 12A(3) (requirements for increased limits) there shall be inserted—“
(3A) Where there is a decision to use the increased limits under regulation 12(2A) in relation to row 13 of Part I of the Schedule, the additional risks of the increased limit must have been taken into account in addition to those factors set out in regulation 12A(3).”.
(3) In regulation 12A(6)(a) (requirements for increased limits) for the words “(2) and (3)” there shall be substituted “(2), (3) and (3A)”.
(4) In Part I of the Schedule (limits on investments), for the contents of the box at row 13 (all securities transferred (or agreed to be transferred) by the Committee under stock lending arrangements) and Column (2) (increased limits under regulation 12(2A)) of the table there shall be substituted “35%”.
Sealed with the Official Seal of the Department of the Environment on 4th October 2006.
J Ritchie
A senior officer of the Department of the Environment
