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The Local Authorities (Capital Finance) (Approved Investments) (Amendment) (No. 2) (Wales) Regulations 2002
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- Welsh Statutory Instruments
- 2002 No. 1884 (W. 193)
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 contain a list of investments which are approved for the purposes of Part IV of the Local Government and Housing Act 1989.
These Regulations amend the 1990 Regulations by extending the list of approved investments so that it includes securities issued by a body mentioned in Part I of the Schedule to the 1990 Regulations which have been admitted to the official list maintained by the competent authorities in other member states of the European Economic Area.
In addition these Regulations remove the distinction in relation to short-term investments between those authorities which have longer-term debt and those which do not.
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