Documents relevant to investments3

1

When making investments a local authority must—

a

comply with the requirements of any consent issued by the Scottish Ministers; and

b

have regard to the documents specified in paragraph (2).

2

The documents referred to in paragraph (1)(b) are—

a

‘Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes’ published by the Chartered Institute of Public Finance and Accountancy in 20092; and

b

‘The Prudential Code for Capital Finance in Local Authorities’ published by the Chartered Institute of Public Finance and Accountancy in 20093.