Statutory Instruments
1999 No. 1409
COMPANIES
LOCAL GOVERNMENT, ENGLAND AND WALES
The Local Authority (Stocks and Bonds) (Amendment) Regulations 1999
Approved by Parliament
Made
20th May 1999
Coming into force
24th May 1999
Whereas a draft of these Regulations has been approved by resolution of each House of Parliament;
1. These Regulations may be cited as the Local Authority (Stocks and Bonds) (Amendment) Regulations 1999 and shall come into force on the Monday after the day on which they are made.
2. Regulation 1(3) of the Local Authority (Stocks and Bonds) Regulations 1974( 3 ) shall be amended–
(a) by omitting the definition of “the CGO”; and
(b) in the definition of “CGO Service member”, by substituting for the words, “the Bank of England” the words “CRESTCo Limited (which is now responsible for operating the CGO Service)”.
Bob Ainsworth
Jim Dowd
Two of the Lords Commissioners of Her Majesty’s Treasury
20th May 1999
By S.I. 1992/1315 , article 2(1)(c).
S.I. 1974/519 ; relevant amending instruments are S.I. 1985/1148 , 1986/345 , 1990/419 ; the Regulations were made under the Local Government Act 1972 (c. 70) . Schedule 13, paragraph 4(1) which was repealed by the Local Government and Housing Act 1989, section 194(2) and Schedule 12, Part 1; that repeal was brought into force on 1st April 1990 by S.I. 1990/431 , article 4, subject to a saving in Schedule 1, paragraph 1(a) in relation to bodies which are not relevant to these Regulations; in relation to bodies in relation to which the repeal was so commenced, paragraph 3 of the said Schedule 1, as amended by S.I. 1990/762 , article 4(c), saves the 1974 Regulations with respect to stock issued before 1st April 1990.