
1 

(1) Enw'r Rheoliadau hyn yw Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Buddsoddiadau a Gymeradwywyd) (Diwygio) (Cymru) 2002 a deuant i rym ar 1 Ebrill 2002.
(2) Mae'r Rheoliadau hyn yn gymwys i Gymru yn unig.
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(1) Mae Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf) (Buddsoddiadau a Gymeradwywyd) 1990  yn cael eu diwygio fel a ganlyn.
(2) Yn rheoliad 1(2) (dehongli), ar ôl y diffiniad o “gilt-edged securities”, mewnosodwch y diffiniadau canlynol—“
 “highest possible credit rating” means, in relation to a money market fund, that it has the highest possible rating—
(a) in respect of creditworthiness assigned by Standard and Poor's, a division of The McGraw-Hill Companies Ltd; or
(b) in respect of both creditworthiness and volatility assigned by either Moody’s Investors Service Ltd or Fitch Ratings Ltd;
 “money market fund” means a collective investment scheme which—
(a) in accordance with the Council Directive of 20th December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities as amended , is an undertaking for collective investment in transferable securities subject to that Directive;
(b) has been given the highest possible credit rating; and
(c) is either a unit trust scheme authorised under section 243 of the Financial Services and Markets Act 2000 or a collective investment scheme recognised under section 264 of that Act;”.
(3) Yn rheoliad 2(1) (buddsoddiadau a gymeradwywyd)—
(a) yn is-baragraff (b), ar ôl “deposit-taker”, ychwanegwch “, the Treasury”; a
(b) ar ôl is-baragraff (b), mewnosodwch yr is-baragraff canlynol—“(bb) any investment in a money market fund;”;
(4) Yn rheoliad 3 (amodau ar gyfer cymeradwyo buddsoddiadau), ym mharagraffau (1)(c) a (4)(a), ar ôl “regulation 2” mewnosodwch “(1)”.
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(1) Mae Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf) 1997  yn cael eu diwygio fel a ganlyn.
(2) Yn rheoliad 62(b) (gwaredu buddsoddiadau),—
(a) yn lle “2(b) or (c)”, rhowch “2(1)(b), (bb) or (c)”;
(b) yn is-baragraff (i), yn lle “institution” ym mha le bynnag yr ymddengys, rhowch “deposit-taker”;
(c) yn is-baragraff (ii),—
(i) ar ôl “2”, mewnosodwch “(1)”; a
(ii) ar y diwedd, ychwanegwch “; or”; ac
(ch) ar ôl is-baragraff (ii), ychwanegwch—“
“(iii) where the investment was made with a money market fund, that fund has ceased to be a money market fund within the meaning given to that expression in regulation 1(2) of the 1990 Regulations.”.
Llofnodwyd ar ran Cynulliad Cenedlaethol Cymru o dan adran 66(1) o Ddeddf Llywodraeth Cymru 1998
Rhodri Morgan
Prif Weinidog y Cynulliad Cenedlaethol
26 Mawrth 2002