- Status
- In Force
- Penalty ceiling
- Regulated
Does it bind you?
Business-side roles with duties under this instrument.
Contractor6
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Contractor — also bound by 173 other Acts
What it requires
Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
s.art008
Making investments
Regulated
- Consider diversification and suitability when investing for a local authorityContractor
s.art009
Qualifications of contractors
Regulated
- Ensure you and your staff are suitably qualified and authorised for investment decisionsContractor
s.art010
Investment and accounting practices
Regulated
- Follow proper investment and accounting practicesContractor
s.art011
Instructions of authority
Regulated
- Comply with instructions from the local authorityContractor
s.art012
Information
Regulated
- Handle information securely, report quarterly, and comply with authority requestsContractor
s.art013
Assignment and sub-contracting
Regulated
- Contractor must not subcontract council investment functions without authorisationContractor
7 other provisions — procedural and definitional
s.art001
Citation, commencement and interpretation
s.art002
Interpretation of Part
s.art003
Contracting out of functions
s.art004
Scope of authorisation
s.art005
Investment functions
s.art006
Interpretation of Part
s.art007
Conditions attaching to the exercise of functions
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.