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The Local Government Investments (Scotland) Amendment Regulations 2023

S.S.I. 2023/255 · Made 7 September 2023

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Local Government

Made 7th September 2023

Laid before the Scottish Parliament 11th September 2023

Coming into force 6th November 2023

The Scottish Ministers make the following Regulations in exercise of the powers conferred by section 40(2)(b) of the Local Government in Scotland Act 2003f1 and all other powers enabling them to do so.

In accordance with section 40(7) of that Act they have consulted such associations of local authorities and such other persons as they have thought fit.

Annotations to the whole text

Footnotes

f1

2003 asp 1.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Local Government Investments (Scotland) Regulations 2010
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Local Government Investments (Scotland) Amendment Regulations 2023 and come into force on 6 November 2023.

2Amendment of the Local Government Investments (Scotland) Regulations 2010

For paragraph (2) of regulation 3 of the Local Government Investments (Scotland) Regulations 2010f1 (documents relevant to investments) substitute—

“(2)

The documents referred to in paragraph (1)(b) are—

(a)

‘Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes (2021 edition)’ published by the Chartered Institute of Public Finance and Accountancy in 2021f2; and

(b)

‘The Prudential Code for Capital Finance in Local Authorities (2021 edition)’ published by that institute in 2021f3.”.

Signature

JOE FITZPATRICK

Authorised to sign by the Scottish Ministers

St Andrew’s House,

Edinburgh

7th September 2023

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Local Government Investments (Scotland) Regulations 2010 to update references to two documents that local authorities must have regard to when making investments. The amendment reflects the publication of new versions of the relevant documents.