{
  "url": "https://openlegislation.uk/local-authorities-approved-investments-amendment-wales-regulations-2001/regulation-2",
  "json_url": "https://openlegislation.uk/local-authorities-approved-investments-amendment-wales-regulations-2001/regulation-2.json",
  "legislation": "wsi/2001/3731",
  "legislation_title": "The Local Authorities (Approved Investments) (Amendment) (Wales) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/local-authorities-approved-investments-amendment-wales-regulations-2001",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990",
  "text": "(1) The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 (“the 1990 Regulations”) shall be amended as follows.\n(2) In regulation 1 (interpretation) —\n(a) the definition of “authorised institution” shall be omitted;\n(b) after the definition of “bill of exchange” there shall be inserted the following definition —\n““deposit-taker” has the same meaning as in section 43 of the Local Government and Housing Act 1989;”;\n(c) in the definition of “relevant lender”, for the words “an authorised institution or a building society within the meaning of the Building Societies Act 1986” there shall be substituted the words “a deposit-taker”.\n(3) In regulation 2 (approved investments) —\n(a) for paragraph (b) there shall be substituted the following paragraph —\n“(b) any deposit made with a deposit-taker (other than a deposit-taker falling within sub-paragraph (c)) or the Bank of England, or any certificate of such a deposit, and, for this purpose, “deposit” has the same meaning as in article 5 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 except that no account is to be taken of the reference to a local authority in article 6(1)(a)(viii) of that Order;”;\n(b) In paragraph (d) for the words “an authorised institution” there shall be substituted the words “a deposit-taker”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1990/426; a relevant amendment was made by S.I. 1995/1982."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The definition of deposit-taker was inserted into section 43 by the Financial Services and Markets Act 2000 (Consequential Amendments) Order 2001 (S.I. 2001/3649)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 2001/544."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2001/3731/regulation/2",
    "retrieved_at": "2026-10-29T00:15:24.465447+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}