# The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018, Regulation 3: Amendment of the Local Authorities (Funds) (England) Regulations 1992


The Local Authorities (Funds) (England) Regulations 1992 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) published by the Chartered Institute of Public Finance and Accountancy.”;
(c) omit Schedule 3 (prescribed investments).

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Source: https://www.legislation.gov.uk/uksi/2018/1386/regulation/3 (the official version)
Page: https://openlegislation.uk/local-government-miscellaneous-amendments-eu-exit-regulations-2018/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.