Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 20035.
(1)
The Local Authorities (Capital Finance and Accounting) (England) Regulations 20037 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 20008;(b)
an authorised contractual scheme authorised under section 261EA9 of that Act;(c)
an open-ended investment company authorised under regulation 14(1A) of the Open-ended Investment Companies Regulations 200110; or(d)
an authorised AIF which is a MMF within the meaning of regulation 2(1) of the Alternative Investment Fund Managers Regulations 201311.”