{
  "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996",
  "json_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996.json",
  "id": "uksi/1996/1883",
  "title": "The Local Authorities (Contracting Out of Investment Functions) Order 1996",
  "short_title": "Local Authorities (Contracting Out of Investment Functions) 1996",
  "long_title": "This Order makes provision to enable certain bodies to authorise another person, or that person’s employees, (a “contractor”) to exercise any functions consisting of, or relating to, the investment of sums of money. The sums in question do not include sums forming (or forming part of) a trust fund or pension fund, but do include, in the case of a local authority in England which is a billing authority for the purposes of the council tax and non-domestic rates, sums paid into the authority’s collection fund which are not immediately required for making payments or transfers from that fund, and sums transferred from their collection fund to their general fund.",
  "citation": "S.I. 1996/1883",
  "type": "uksi",
  "year": "1996",
  "number": "1883",
  "version": "current",
  "date": "1996-07-17",
  "revised": true,
  "valid_from": "2020-12-31",
  "extent": "E+W+S",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/introduction",
      "extent": "E+W+S",
      "status": null,
      "parent": null
    },
    {
      "path": "part/I",
      "kind": "part",
      "number": "I",
      "heading": "General",
      "url": null,
      "extent": "E+W+S",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation, commencement and interpretation",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-1",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "part/II",
      "kind": "part",
      "number": "II",
      "heading": "Investments: contracting out",
      "url": null,
      "extent": "E+W+S",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation of Part",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-2",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Contracting out of functions",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-3",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Scope of authorisation",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-4",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Investment functions",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-5",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "part/III",
      "kind": "part",
      "number": "III",
      "heading": "Conditions attaching to the exercise of functions",
      "url": null,
      "extent": "E+W+S",
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Interpretation of Part",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-6",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Conditions attaching to the exercise of functions",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-7",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Making investments",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-8",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/9",
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      "number": "9",
      "heading": "Qualifications of contractors",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-9",
      "extent": "E+W+S",
      "status": null,
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    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Investment and accounting practices",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-10",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Instructions of authority",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-11",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Information",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-12",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Assignment and sub-contracting",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-13",
      "extent": "E+W+S",
      "status": null,
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    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/signature",
      "extent": "E+W+S",
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/note",
      "extent": "E+W+S",
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/1994/40",
      "title": "Deregulation and Contracting Out Act 1994",
      "url": "https://openlegislation.uk/deregulation-and-contracting-out-act-1994",
      "provisions": [
        "section/70"
      ]
    }
  ],
  "changes_made_to": 13,
  "changes_made_to_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1883",
    "retrieved_at": "2026-10-29T12:38:41.237349+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."
}