{
  "url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-8",
  "json_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-8.json",
  "legislation": "uksi/1996/1883",
  "legislation_title": "The Local Authorities (Contracting Out of Investment Functions) Order 1996",
  "legislation_url": "https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Making investments",
  "text": "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 —\n(a) the need for diversification of investments of sums made available to him by the authority for investment on the authority’s behalf; and\n(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.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "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)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 8 in force at 18.7.1996, see art. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1883/article/8",
    "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."
}