Regulation 18 Use and investment of superannuation fund’s moneys
Regulation P3 of the principal Regulations is amended–
by substituting for the words“P2(c)” in paragraph (2) the words“P2(1)(c)”;
by substituting for paragraph (4)(b)(iii) the following:
“(iii)a deposit with the Bank of England, an instutition authorised under Part I of the Banking Act 1987f1 or a person for the time being specified in Schedule 2 to that Act,”;
in paragraph (4)(d), by substituting for the words“paragraph 13 or 14 of Schedule 1 to the Banking Act 1979” the words“paragraph 12 or 13 of Schedule 2 to the Banking Act 1987”; and
by substituting for paragraph (5)(b) the following:
“(b)deposited with the Bank of England, an institution authorised under Part I of the Banking Act 1987 or a person for the time being specified in paragraphs 1 to 11 of Schedule 2 to that Act.”.
Annotations
Footnotes
- f1