The Local Authorities (Capital Finance) (Approved Investments) (Amendment) (No. 2) (Wales) Regulations 2002

Amendment of the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990

2.—(1) The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990(1) are amended as follows.

(2) In regulation 1(2) (interpretation)—

(a) after the definition of “bill of exchange”, insert—

““competent authority” means an authority which is responsible for maintaining the official list in an EEA State;”;

(b) after the definition of “deposit-taker”, insert—

• ““EEA State” has the meaning given by Schedule 3 to the Financial Services and Markets Act 2000;(2)”; and

(c) after the definition of “money market fund”, insert—

• ““official list” in relation to the United Kingdom has the meaning given by section 103(1) of the Financial Services and Markets Act 2000 and in relation to any other EEA State means the equivalent list maintained by the competent authority of that State”.

(3) In regulation 2(1)—

(a) in paragraph (g), for “Official List of The Stock Exchange” substitute “official list maintained by a competent authority”; and

(b) in paragraph (h), for “Official List of The Stock Exchange” substitute “official list maintained by the competent authority in the United Kingdom”.

(4) In regulation 3, in paragraph (3)—

(a) in sub-paragraph (b), for “made; and” substitute “made.”; and

(b) omit sub-paragraph (c).

(1)

S.I. 1990/426; relevant amending instruments are S.I. 1991/501, 2001/3649 and 2002/ 885 (W100).

(2)

2000 c. 8.