Article 8 Making investmentsI1C1
England, Wales and Scotland
In relation to any function which involves the making of investments, or entering into a contract in the making of any investment, a contractor shall have regard to —
(a)
the need for diversification of investments of sums made available to him by the authority for investment on the authority’s behalf; and
(b)
the suitability of investments or any description of investment which he proposes to make and of any investment proposed as an investment of that description.
Annotations
Modifications
- C1
Arts. 7-13 applied (with modifications) (20.1.2006) by The Transport for London (Best Value) (Contracting Out of Investment and Highway Functions) Order 2006 (S.I. 2006/91), arts. 1, 2(1)(3)
Commencement
- I1
Art. 8 in force at 18.7.1996, see art. 1(1)