Paragraph 3

England, Wales and Scotland

A scheme must comply with such requirements as may be prescribed as regards the investment of its resources and with any direction of the Occupational Pensions Board that—

(a)

no part, or no more than a specified proportion, of the scheme’s resources shall be invested in investments of a specified class or description;

(b)

there shall be realised, before the end of a specified period, the whole or a specified proportion of investments of a specified class or description forming part of the scheme’s resources when the direction is given.

Notes on Schedule 1

Textual amendments

F1: Sch. 1 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I; S.I. 1994/86, art. 2