# The Local Authorities (Contracting Out of Investment Functions) Order 1996, Article 9: Qualifications of contractors

Extent: E+W+S

In relation to any function which a contractor is authorised to exercise by the authority, the contractor shall ensure that he and his employees are suitably qualified to make investment decisions on the authority’s behalf and have practical experience of financial matters, including making investments, and, without prejudice to the generality of this condition, shall ensure that he is—
(a) an authorised person within the meaning of the Financial Services and Markets Act 2000 (“the 2000 Act”);...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/1996/1883/article/9 (the official version)
Page: https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.