The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990

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)

(3)

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 Paragraph 1 of Part I of Schedule 2 was repealed in part by Part II of Schedule 9 to the Gas Act 1986 (c. 44)