# The Local Government Superannuation (Amendment) Regulations 1989, Regulation 18: Use and investment of superannuation fund’s moneys


Regulation P3 of the principal Regulations is amended–
(a) by substituting for the words“P2(c)” in paragraph (2) the words“P2(1)(c)”;
(b) 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 1987 or a person for the time being specified in Schedule 2 to that Act,”;
(c) 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
(d) 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.”.

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Source: https://www.legislation.gov.uk/uksi/1989/371/regulation/18 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-amendment-regulations-1989/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.