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The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1386
- Regulation 3
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Amendment of the Local Authorities (Funds) (England) Regulations 1992
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3. The Local Authorities (Funds) (England) Regulations 1992(1) are amended as follows—
(a)in regulation 13(1)(b) and (2)(b) (holdings and investments) omit the words “in a prescribed investment”;
(b)for regulation 13(3) substitute—
“(3) In carrying out its function of investment pursuant to paragraphs (1)(b) or (2)(b), a billing authority shall have regard to the code of practice contained in the document entitled “Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes” (2017 Edition)(2) published by the Chartered Institute of Public Finance and Accountancy.”;
(c)omit Schedule 3 (prescribed investments).
(1)
S.I. 1992/2428. There are no relevant amendments.
(2)
ISBN 978 1 84508 495 0.
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