Regulation 12 Investment principles

For paragraph 10 of Schedule 1 to the Contributory Fund Regulations (trustees' obligation to secure the preparation, maintenance and revision from time to time of a written statement of investment principles) substitute—

“10

Notwithstanding regulation 6(1)(b) of the Occupational Pension Schemes (Investment) Regulations 2005^f1, the Trustees must comply with section 35(1) to (4) of the 1995 Act^f2 (statements of investment principles), except that the consultation referred to in regulation 2(2)(b) of those Regulations must be with the Leader of the House of Commons.”.