{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990/regulation-3",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990/regulation-3.json",
  "legislation": "uksi/1990/426",
  "legislation_title": "The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": null,
  "text": "Any investment mentioned in regulation 2 shall be approved for the purposes of Part IV of the Local Government and Housing Act 1989 in relation to the local authority making the investment only if —\n(a) the investment is denominated in sterling and any payments or repayments in respect of the investment are payable only in sterling;\n(b) in the case of the investments mentioned in paragraphs (b) to (d) and (i) of regulation 2, other than deposits made with the Bank of England or certificates of such deposits, the authority may require the investment to be repaid or redeemed —\n(i) without notice by the authority;\n(ii) at less than twelve months' notice by the authority; or\n(iii) within twelve months of the date on which the investment was made; and\n(c) any consideration received by the authority in respect of the investment is wholly in money paid to the authority.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "am (W)",
      "affecting": "wsi/2002/1884",
      "affecting_title": "The Local Authorities (Capital Finance) (Approved Investments) (Amendment) (No. 2) (Wales) Regulations 2002"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/1982",
      "affecting_title": "The Local Authorities (Capital Finance and Approved Investments) (Amendment No. 2) Regulations 1995"
    },
    {
      "type": "am (E)",
      "affecting": "uksi/2002/451",
      "affecting_title": "The Local Authorities (Capital Finance and Approved Investments) (Amendment) (England) Regulations 2002"
    },
    {
      "type": "am (W)",
      "affecting": "wsi/2002/885",
      "affecting_title": "The Local Authorities (Capital Finance and Approved Investments) (Amendment) (Wales) Regulations 2002"
    },
    {
      "type": "rev in pt (W)",
      "affecting": "wsi/2002/1884",
      "affecting_title": "The Local Authorities (Capital Finance) (Approved Investments) (Amendment) (No. 2) (Wales) Regulations 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/426/regulation/3",
    "retrieved_at": "2026-10-29T15:26:10.885572+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."
}