# The Local Authorities (Funds) (Wales) Regulations 1992, Schedule 3: PRESCRIBED INVESTMENTS


The investments prescribed in this Schedule are–
(a) a deposit with the Bank of England or an institution authorised under Part I of the Banking Act 1987;
(b) a deposit with a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986;
(c) if the deposit is repayable at not more than 7 days notice, a deposit with a body (other than the billing authority) which is for the time being specified in paragraph 12 or 13 of Schedule 2 to the Banking Act 1987.

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Source: https://www.legislation.gov.uk/uksi/1992/2929/schedule/3 (the official version)
Page: https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/schedule-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.