Section 114 Investment principlesC1C2
United Kingdom
The Board must secure—
that a statement of investment principles is prepared and maintained, and
that the statement is reviewed at such intervals, and on such occasions, as may be prescribed and, if necessary, revised.
In this section “statement of investment principles” means a written statement of the investment principles governing determinations about investments made by or on behalf of the Board.
Before preparing or revising a statement of investment principles, the Board must comply with any prescribed requirements.
A statement of investment principles must be in the prescribed form and cover, amongst other things, the prescribed matters.
Annotations
Modifications
- C1
Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72
- C2
Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11
Commencement
- I1
S. 114(1)(a)(2) in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7
- I2
S. 114(1)(b)(3)(4) in force for the purpose only of conferring power to make regulations, orders or rules, as the case may be, 10.2.2005; and for all other purposes at 6.4.2005 in so far as not already in force by S.I. 2005/275, art. 2(3), Sch. Pt. 3