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The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018

S.I. 2018/1386 · Made 18 December 2018

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.

Exiting The European Union, England And Wales

Local Government, England And Wales

Council Tax, England And Wales

Sift requirements satisfied 20th November 2018

Made 18th December 2018

Laid before Parliament 19th December 2018

Coming into force in accordance with regulation 1

The Secretary of State makes these Regulations in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018f1 and by sections 89(5), 98(3), 99(1), 140(4), 143(1) and 146(6) of the Local Government Finance Act 1988f2.

The requirements of paragraph 3(2) of Schedule 7 to that Act (relating to the appropriate Parliamentary procedure for these Regulations) have been satisfied.

Annotations to the whole text

Footnotes

f1

2018 c. 16.

f2

1988 c. 41.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Council Tax (Discount Disregards) Order 1992
  3. 3Amendment of the Local Authorities (Funds) (England) Regulations 1992
  4. 4Amendment of the Local Authorities (Contracting Out of Investment Functions) Order 1996
  5. 5Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003
  6. Signature
  7. Explanatory note

1Citation and commencement

These Regulations may be cited as the Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018 and come into force on exit day.

2Amendment of the Council Tax (Discount Disregards) Order 1992

(1)

The Council Tax (Discount Disregards) Order 1992f1 is amended as follows.

(2)

In Schedule 2 (prescribed educational establishments)—

(a)

in paragraphs 1 and 2 for “member State” in each place where the words occur substitute “relevant territory”;

(b)

in paragraph 2—

(i)

in the definition of “further education” for “that State” substitute “that territory”;

(ii)

in the definition of “relevant authority” for “that State” substitute “that territory”;

(iii)

at the end add—

  • “and

  • “relevant territory” means England, Wales, Scotland, Northern Ireland or a member State.”

3Amendment of the Local Authorities (Funds) (England) Regulations 1992

The Local Authorities (Funds) (England) Regulations 1992f1 are amended as follows—

(a)

in regulation 13(1)(b) and (2)(b) (holdings and investments) omit the words “in a prescribed investment”;

(b)

for regulation 13(3) substitute—

“(3)

In carrying out its function of investment pursuant to paragraphs (1)(b) or (2)(b), a billing authority shall have regard to the code of practice contained in the document entitled “Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes” (2017 Edition)f2 published by the Chartered Institute of Public Finance and Accountancy.”;

(c)

omit Schedule 3 (prescribed investments).

4Amendment of the Local Authorities (Contracting Out of Investment Functions) Order 1996

(1)

The Local Authorities (Contracting Out of Investment Functions) Order 1996f1 is amended as follows.

(2)

In article 9 (qualification of contractors) omit paragraph (b) and the word “or” which immediately precedes it.

5Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003

(1)

The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003f1 are amended as follows.

(2)

In regulation 1(5) (interpretation) for the definition of “money market fund” substitute—

  • ““money market fund” means a collective investment undertaking which is—

    1. (a)

      an authorised unit trust scheme authorised under section 243A of the Financial Services and Markets Act 2000f2;

    2. (b)

      an authorised contractual scheme authorised under section 261EAf3 of that Act;

    3. (c)

      an open-ended investment company authorised under regulation 14(1A) of the Open-ended Investment Companies Regulations 2001f4; or

    4. (d)

      an authorised AIF which is a MMF within the meaning of regulation 2(1) of the Alternative Investment Fund Managers Regulations 2013f5.”

Signature

Signed by authority of the Secretary of State for Housing, Communities and Local Government

Rishi Sunak

Parliamentary Under Secretary of State

Ministry of Housing, Communities and Local Government

18th December 2018

Explanatory note

(This note is not part of the Regulations)

These Regulations, other than regulation 3, are made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (a), (c) and (d) of section 8(2)) arising from the withdrawal of the UK from the European Union. Regulation 3 is made under the Local Government Finance Act 1988.

These Regulations make amendments to four statutory instruments in the field of local government finance legislation. Regulation 2 amends the Council Tax (Discount Disregards) Order 1992 (S.I. 1992/548) to ensure that the Order continues to operate effectively. Regulation 3 removes the definition of “prescribed investment” from the Local Authorities (Funds) (England) Regulations 1992 (S.I. 1992/2428) and replaces it with a requirement to have regard to “Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes” (2017 Edition) published by CIPFA. The document is available online or in hard copy from https://www.cipfa.org/policy-and-guidance/publications/t/treasury-management-in-the-public-services-code-of-practice-and-crosssectoral-guidance-notes-2017-edition-online or from the Publications Department, CIPFA, 77 Mansell Street, London E1 8AN.

Regulation 4 amends the Local Authorities (Contracting Out of Investment Functions) Order 1996 (S.I. 1996/1883) to remove references to EU qualifications. Regulation 5 amends the definition of “money market fund” in the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 (S.I. 2003/3146).

An impact assessment has not been produced for this instrument as no, or no significant, impact on the private or voluntary sector is foreseen.