The Local Government Investments (Scotland) Amendment Regulations 2023

Made: 7th September 2023

Laid before the Scottish Parliament: 11th September 2023

Coming into force: 6th November 2023

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.

Citation and commencement

1

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

Amendment of the Local Government Investments (Scotland) Regulations 2010

2

For paragraph (2) of regulation 3 of the Local Government Investments (Scotland) Regulations 2010[^f00002] (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 2021[^f00003]; and (b) ‘The Prudential Code for Capital Finance in Local Authorities (2021 edition)’ published by that institute in 2021[^f00004].

Signed

JOE FITZPATRICK — Authorised to sign by the Scottish Ministers — 7th September 2023

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

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.

Footnotes

[^f00001]: 2003 asp 1.

[^f00002]: S.S.I. 2010/122.

[^f00003]: ISBN 978 1 84508 5 537.

[^f00004]: ISBN 978 1 84508 5 568.