# The Collection Fund (Wales) Regulations 1989, Regulation 11: Holdings and investments


(1) Where a sum has been transferred to its general fund under regulation 10(1), a charging authority shall—
(a) immediately retransfer the sum if such a retransfer is required to enable the authority to meet payments or transfers from its collection fund, or
(b) otherwise retransfer the sum as and when it thinks fit.
(2) Where a sum is retransferred under paragraph (1) there shall be transferred with it an additional amount representing interest on such sum calculated in accordance with regulation 12.

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Source: https://www.legislation.gov.uk/uksi/1989/2363/regulation/11 (the official version)
Page: https://openlegislation.uk/collection-fund-wales-regulations-1989/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.