74. Investment rules
(1) An investment management provider shall invest the resources of each AE provider scheme provided by that provider -
(a) in accordance with the prudent person rule (within the meaning of the Directive of 2016), and
(b) without prejudice to the generality of paragraph (a), in accordance with this section.
(2) When investing the resources of an AE provider scheme, an investment management provider -
(a) shall invest those resources in the best long term interests of the participants on whose behalf units in the scheme are held, and in the case of a potential conflict of interest, shall ensure that the investment is made in the sole interest of those participants,
(b) in accordance with the prudent person rule referred to in subsection (1)(a), shall take into account the potential long-term impact of investment decisions on environmental, social and governance factors,
(c) shall invest the resources of the scheme in such a manner as to ensure the security, quality, liquidity and profitability of the portfolio as a whole,