The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
2 Interpretation
(1) In these Regulations— “the 2000 Act” means the Financial Services and Markets Act 2000; “the 2013 Regulations” means the Local Government Pension Scheme Regulations 2013; “the 2014 Regulations” means the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014; “the 2026 Act” means the Pension Schemes Act 2026; “authority” means an administering authority listed in Part 1 of Schedule 3 to the 2013 Regulations (pension funds); “fund money” means money that is or should be in a pension fund maintained by an authority; “member of the scheme” has the same meaning as in the 2013 Regulations; “the relevant asset pool company” means, in relation to an authority, the asset pool company in which that authority is participating, in accordance with regulation 7(1) or a direction made under regulation 9(1)(a); “the relevant strategic authority” means, in relation to an authority, the strategic authority for that authority set out in guidance published by the Secretary of State from time to time; “the Scheme” means the scheme established by the 2013 Regulations; “Scheme employer” has the same meaning as in the 2013 Regulations; “strategic authority” includes, for the purposes of paragraph (d) of the definition of “strategic authorities” in section 2(5) of the 2026 Act, a unitary district council or a county council designated by the Secretary of State from time to time as a single foundation strategic authority under section 3(1) of the English Devolution and Community Empowerment Act 2026 (single foundation strategic authorities). (2) Any restrictions imposed by these Regulations apply to authorities which have the power within section 1 of the Localism Act 2011 (local authority’s general power of competence) or section 5A(1) of the Fire and Rescue Services Act 2004 (powers of certain fire and rescue authorities) in the exercise of those powers. (3) Any authority which does not have the powers mentioned in paragraph (2) has, by virtue of these Regulations, the power to do anything authorised or required by these Regulations.
2 Interpretation
(1) In these Regulations— “the 2000 Act” means the Financial Services and Markets Act 2000; “the 2013 Regulations” means the Local Government Pension Scheme Regulations 2013; “the 2014 Regulations” means the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014; “the 2026 Act” means the Pension Schemes Act 2026; “authority” means an administering authority listed in Part 1 of Schedule 3 to the 2013 Regulations (pension funds); “fund money” means money that is or should be in a pension fund maintained by an authority; “member of the scheme” has the same meaning as in the 2013 Regulations; “the relevant asset pool company” means, in relation to an authority, the asset pool company in which that authority is participating, in accordance with regulation 7(1) or a direction made under regulation 9(1)(a); “the relevant strategic authority” means, in relation to an authority, the strategic authority for that authority set out in guidance published by the Secretary of State from time to time; “the Scheme” means the scheme established by the 2013 Regulations; “Scheme employer” has the same meaning as in the 2013 Regulations; “strategic authority” includes, for the purposes of paragraph (d) of the definition of “strategic authorities” in section 2(5) of the 2026 Act, a unitary district council or a county council designated by the Secretary of State from time to time as a single foundation strategic authority under section 3(1) of the English Devolution and Community Empowerment Act 2026 (single foundation strategic authorities). (2) Any restrictions imposed by these Regulations apply to authorities which have the power within section 1 of the Localism Act 2011 (local authority’s general power of competence) or section 5A(1) of the Fire and Rescue Services Act 2004 (powers of certain fire and rescue authorities) in the exercise of those powers. (3) Any authority which does not have the powers mentioned in paragraph (2) has, by virtue of these Regulations, the power to do anything authorised or required by these Regulations.
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