The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2025

• Citation: S.I. 2025/422
• Sections: 4

Section 1 Citation, commencement and extent

(1) These Regulations may be cited as the Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2025.

(2) These Regulations come into force on 23rd April 2025.

(3) These Regulations extend to England and Wales.

Section 2 Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003

The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 are amended as follows.

Section 3 Amendment of regulation 30K

In regulation 30K (Fair value gains and losses of pooled investment funds), for paragraph (5) substitute—

(5) This regulation applies in relation to accounts prepared for financial years falling within the period—

(a) beginning with 1st April 2018 and ending with 31st March 2025;

(b) beginning with 1st April 2025 and ending with 31st March 2029, in respect of an investment mentioned in paragraph (2)(a) that was made before 1st April 2024.

Section 4 Amendment of regulation 30M

In regulation 30M(1)(a) (Accounting for infrastructure assets), for “2024” substitute “2028” .