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

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

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 2000^f2;

  2. (b)

     an authorised contractual scheme authorised under section 261EA^f3 of that Act;

  3. (c)

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

  4. (d)

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