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Explanatory note

Original text. Later amendments are not shown.

(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 (which imposes controls on the revenue accounts and capital finance of local authorities).

Regulation 2 of these Regulations makes minor amendments to the 1990 Regulations in consequence of the coming into force of the Financial Services and Markets Act 2000 . Regulation 4 is a saving provision the effect of which is that investments which were approved on 30th November 2001 remain approved for the purposes of Part IV.