{
  "url": "https://openlegislation.uk/local-government-superannuation-investments-regulations-1994/regulation-2",
  "json_url": "https://openlegislation.uk/local-government-superannuation-investments-regulations-1994/regulation-2.json",
  "legislation": "uksi/1994/1909",
  "legislation_title": "The Local Government Superannuation (Investments) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/local-government-superannuation-investments-regulations-1994",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Use and investment of superannuation fund’s moneys",
  "text": "Regulation P3 of the Local Government Superannuation Regulations 1986 shall be amended—\n(a) by adding at the end of paragraph (2) the words\n“and\n(e) entering as a limited partner into a partnership.”;\n(b) by adding at the end of paragraph (4) the words\n“or\n(g) contribute to a partnership so as to cause the total value of contributions by the authority to that partnership to exceed 2% of the value at the time of all investments of fund moneys, or so as to cause the total value of all contributions by the authority to such partnerships to exceed 5% of the value at the time of all investments of fund moneys.”; and\n(c) in paragraph (10)—\n(i) by inserting after the definition of “investment manager” the following definition—\n““limited partner” means a person who is not liable for the debts or obligations of a partnership beyond the amount contributed at the time of entering into that partnership;”; and\n(ii) by inserting after the definition of “listed securities” the following definition—\n““partnership” means a partnership whose purpose is to invest in shares in or securities of companies which at the date of purchase by the partnership are normally not quoted on a recognised stock exchange (within the meaning of section 841(1) of the Income and Corporation Taxes Act 1988).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1986/24; relevant amending instruments are S.I. 1989/371, 1989/2110, 1990/2480, 1993/366, 1993/1848."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1988 c. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1909/regulation/2",
    "retrieved_at": "2026-10-29T13:29:10.387678+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}