The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018

Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003

5.—(1) The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003(1) are amended as follows.

(2) In regulation 1(5) (interpretation) for the definition of “money market fund” substitute—

““money market fund” means a collective investment undertaking which is—

(a)

an authorised unit trust scheme authorised under section 243A of the Financial Services and Markets Act 2000(2);

(b)

an authorised contractual scheme authorised under section 261EA(3) of that Act;

(c)

an open-ended investment company authorised under regulation 14(1A) of the Open-ended Investment Companies Regulations 2001(4); or

(d)

an authorised AIF which is a MMF within the meaning of regulation 2(1) of the Alternative Investment Fund Managers Regulations 2013(5).”

(1)

S.I. 2003/3146. Relevant amendments were made by S.I. 2004/534 and 2012/265.

(2)

2000 c. 8. Section 243A was inserted by S.I. 2018/698.

(3)

Section 261EA was inserted by S.I. 2018/698.

(4)

S.I. 2001/1228. Relevant amendments were made by S.I. 2018/698.

(5)

S.I. 2013/1773. Relevant amendments were made by S.I. 2018/698.