# The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2004, Regulation 2: Interpretation


In regulation 1(5) of the Principal Regulations (citation, commencement, application and interpretation), after the definition of “housing land”, there shall be inserted—
““money market fund” means a collective investment scheme which—
(a) in accordance with the Council Directive 85/611/EEC on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities, is an undertaking for collective investment in transferable securities subject to that Directive; and
(b) is either a unit trust scheme authorised under section 243 of the Financial Services and Markets Act 2000 or a collective investment scheme recognised under section 264 of that Act;
“multilateral development bank” means an international financial institution having as one of its objects economic development, either generally or in any region of the world;”.

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Source: https://www.legislation.gov.uk/uksi/2004/534/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2004/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.