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The Local Authorities (Funds) (England) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 2428
- SCHEDULE 3
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Regulation 13
SCHEDULE 3PRESCRIBED INVESTMENTS
The investments prescribed in this Schedule are—
(a)a deposit with the Bank of England or an institution authorised under Part I of the Banking Act 1987(1);
(b)a deposit with a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986(2);
(c)if the deposit is repayable at not more than 7 day’s notice, a deposit with a body (other than the billing authority) which is for the time being specified in paragraph 12 or 13 of Schedule 2 to the Banking Act 1987.
(1)
(2)
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