Making investments
- Consider diversification and suitability when investing for a local authority Contractor
UK Statutory Instrument
1996
United Kingdom
The Local Authorities (Contracting Out of Investment Functions) Order 1996
At a glance
What's here
6 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Contractor 6
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Contractors also bound by 178 other Acts (top 5 shown)
- The National Health Service (Personal Medical Services Agreements) Regulations 2015 2015 137 duties
- The National Health Service (General Medical Services Contracts) Regulations 2015 2015 134 duties
- Construction (Design and Management) Regulations 2015 2015 114 duties
- The National Health Service (General Medical Services Contracts) (Wales) Regulations 2023 2023 93 duties
- The Health and Personal Social Services (General Medical Services Contracts) Regulations (Northern Ireland) 2004 2004 87 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Qualifications of contractors
- Ensure you and your staff are suitably qualified and authorised for investment decisions Contractor
Investment and accounting practices
- Follow proper investment and accounting practices Contractor
Instructions of authority
- Comply with instructions from the local authority Contractor
Information
- Handle information securely, report quarterly, and comply with authority requests Contractor
Assignment and sub-contracting
- Contractor must not subcontract council investment functions without authorisation Contractor
Browse 7 other sections — procedural / definitional / commencement
Citation, commencement and interpretation
Interpretation of Part
Contracting out of functions
Scope of authorisation
Investment functions
Interpretation of Part
Conditions attaching to the exercise of functions
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