{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012/regulation-3",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012/regulation-3.json",
  "legislation": "uksi/2012/265",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Definitions",
  "text": "In regulation 1 (interpretation), in paragraph (5)—\n(a) in the definition of “money market fund”, for paragraph (a), substitute—\n“(a) in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, is an undertaking for collective investment in transferable securities subject to that Directive; and”;\n(b) omit the definition of “multilateral development bank”; and\n(c) after the definition of “secure tenant” insert—\n““securitisation transaction” means a disposal for consideration by a local authority of all or part of its interest in specified revenues, where disposal includes both sale and assignment;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The definitions of “multilateral development bank” and “money market fund” were inserted by S.I. 2004/534."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ No L 302, 17.11.2009, p32, amended by 2010/78/EU (OJ No L 331, 15.12.2010, p120) and 2011/61/EU (OJ No L 174, 1.7.2011, p1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/265/regulation/3",
    "retrieved_at": "2026-10-29T01:42:51.688983+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."
}