The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
23 Transitional provisions - participation in an asset pool company
(1) Where, on and after the day on which these Regulations come into force— (a) an authority participates in an asset pool company (“Company A”) (whether under regulation 7(1) or otherwise), and (b) that authority participates in another asset pool company (“Company B”) either— (i) under regulation 7(1), or (ii) in accordance with a direction made under regulation 9(1)(a), regulation 7(2) does not apply to that authority during the period of three months beginning with the date on which the authority first participates in Company B. (2) Regulation 7(2) does not apply to an authority to the extent that the authority is participating in an additional asset pool company solely for the purposes of winding up that company. (3) In this regulation, “winding up” has the same meaning as in the Insolvency Act 1986.
23 Transitional provisions - participation in an asset pool company
(1) Where, on and after the day on which these Regulations come into force— (a) an authority participates in an asset pool company (“Company A”) (whether under regulation 7(1) or otherwise), and (b) that authority participates in another asset pool company (“Company B”) either— (i) under regulation 7(1), or (ii) in accordance with a direction made under regulation 9(1)(a), regulation 7(2) does not apply to that authority during the period of three months beginning with the date on which the authority first participates in Company B. (2) Regulation 7(2) does not apply to an authority to the extent that the authority is participating in an additional asset pool company solely for the purposes of winding up that company. (3) In this regulation, “winding up” has the same meaning as in the Insolvency Act 1986.
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