The Local Government Superannuation (Investments) Regulations 1993
These Regulations amend regulation P3 of the Local Government Superannuation Regulations 1986 (use and investment of local government superannuation fund’s moneys). They permit local authorities, as part of the investment of fund moneys, to enter into stocklending arrangements subject to a limit of 25 per cent of the value of the fund and compliance with certain provisions in the Financial Services (Regulated Schemes) Regulations 1991 and Guidance Release 4/91 issued by the Securities and Investments Board. Copies of the 1991 Regulations and the Guidance Release are available from the Securities and Investment Board, Gavrelle House, 2–14 Bunhill Road, London EC1Y 8RA.