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Indirect investment in munitions company.
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14.— (1) An investor shall avoid investing public moneys in collective investment undertakings or investment products unless, having exercised due diligence, the investor is satisfied that there is not a significant probability that the public moneys will be invested in a munitions company.
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(2) Where public moneys are invested in a collective investment undertaking or investment product which invests these moneys in a company which is or becomes a munitions company, the investor shall—
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(a) establish to its satisfaction that—
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(i) the company intends to cease its involvement in the manufacture of prohibited munitions or components, or
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(ii) the collective investment undertaking or investment product intends to divest itself of its investment in the company,
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and that there is not a significant probability that the collective investment undertaking or investment product will again invest public moneys in a munitions company,
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or
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(b) so far as possible, taking into account any contractual obligation it has assumed, divest itself of its investment in that collective investment undertaking or investment product in an orderly manner.
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