Saving provision
3. Any investment made by a local authority on or before 30th November 2001 which was, on that date, approved for the purposes of Part IV of the Local Government and Housing Act 1989 (revenue accounts and capital finance of local authorities) by virtue of regulation 2 of the 1990 Regulations shall continue to be approved for the purposes of Part IV notwithstanding the amendments to the 1990 Regulations made by these Regulations.