# The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2012, Regulation 3: Definitions


In regulation 1 (interpretation), in paragraph (5)—
(a) in the definition of “money market fund”, for paragraph (a), substitute—
“(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”;
(b) omit the definition of “multilateral development bank”; and
(c) after the definition of “secure tenant” insert—
““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;”.

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Source: https://www.legislation.gov.uk/uksi/2012/265/regulation/3 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.