Paragraph 29 The Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 2000I1

In regulation 3 (definition of “investment”) of the Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 2000^f1, for paragraphs (6) and (7) substitute—

“(6)

A stock lending arrangement is an investment if, and only if, in respect of it, the conditions in paragraphs 5.4.4R and 5.4.6R (modified as specified in paragraph (7)) of the Collective Investment Scheme Sourcebook made by the Financial Conduct Authority under the Financial Services and Markets Act 2000 (as amended from time to time) are complied with.

(7)

For the purposes of paragraph (6), references in paragraphs 5.4.4R and 5.4.6R to the trustee must be read as if they were references to the Committee.”.