To ask the Chancellor of the Exchequer on what date (a) his Department and (b) the Financial Services Authority informed local authorities of the risks in depositing funds in Icelandic banks. (270432)

I refer the hon. Member to the answer I gave the hon. Member for Brentwood and Ongar (Mr. Pickles) on 11 November 2008, Official Report, column 1083W.

The Department for Communities and Local Government’s guidance on local government investments issued under section 15 of the Local Government Act 2003 is available on the Department’s website at:

http://www.local.odpm.gov.uk/finance/capital/data/lginvest2.pdf