# The Local Authorities (Contracting Out of Investment Functions) Order 1996, Article 8: Making investments

Extent: E+W+S

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.

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Source: https://www.legislation.gov.uk/uksi/1996/1883/article/8 (the official version)
Page: https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.