Regulation 3 Documents relevant to investmentsI1

Scotland

(1)

When making investments a local authority must—

(a)

comply with the requirements of any consent issued by the Scottish Ministers; and

(b)

have regard to the documents specified in paragraph (2).

F1(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 2021^f1; and

(b)

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

Annotations

Textual amendments

F1: Reg. 3(2) substituted (6.11.2023) by The Local Government Investments (Scotland) Amendment Regulations 2023 (S.S.I. 2023/255), regs. 1, 2

Commencement

I1: Reg. 3 in force at 1.4.2010, see reg. 1

Footnotes

f1: ISBN 9781-84508-207-9 Fully Revised Second Edition 2009.