# The Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003, Regulation 2: Code of practice

Extent: E+W

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.

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Source: https://www.legislation.gov.uk/wsi/2003/3239/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.