Finance (Miscellaneous Provisions) Act 2015

PART 5

Amendment of National Treasury Management Agency (Amendment) Act 2014

Amendment of section 37 of National Treasury Management Agency (Amendment) Act 2014

22. Section 37 of the National Treasury Management Agency (Amendment) Act 2014 is amended, in the definition of “directed investment”—

(a) in paragraph (b), by substituting “a direction,” for “a direction, or”, and

(b) by substituting for paragraph (c) the following:

“(c) a shareholding or other interest in a credit institution transferred into the Fund under section 46(3), or

(d) an investment made by the National Pensions Reserve Fund Commission pursuant to a direction under section 19A, 19AA or 19B of the National Pensions Reserve Fund Act 2000 before the Fund constitution date (within the meaning of Schedule 4);”.