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1.—(1) These Regulations may be cited as the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 and shall come into force on 1st April 1990.
(2) In these Regulations, —
“authorised institution” has the same meaning as in the Banking Act 1987(1);
“bill of exchange” has the meaning given by section 3 of the Bills of Exchange Act 1882(2);
“gilt-edged securities” means any securities specified by an order under paragraph 1 of Part I of Schedule 2 to the Capital Gains Tax Ac t 1979(3)and the securities specified in Part II of that Schedule;
“The Stock Exchange” means The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited;
“Treasury bills” means Treasury bills within the meaning of the Treasury Bills Act 1877(4)
1979 c. 14. Paragraph 1 of Part I of Schedule 2 was repealed in part by Part II of Schedule 9 to the Gas Act 1986 (c. 44)
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