{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/regulation-2",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/regulation-2.json",
  "legislation": "wsi/2003/3239",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Code of practice",
  "text": "In complying with their duties under section 3(1) (duty to determine affordable borrowing limit), a local authority must have regard to the Prudential Code for Capital Finance in Local Authorities issued by the Chartered Institute of Public Finance and Accountancy as may be amended or reissued from time to time.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2 inserted (1.4.2004) by The Local Authorities (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2004 (S.I. 2004/1010), regs. 1(1), 2(3)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 31.12.2003, see reg. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Published in 2003 ISBN 085299 989 5."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2003/3239/regulation/2",
    "retrieved_at": "2026-10-29T00:09:44.187495+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."
}