Made under the Local Government Act 2003
1 statutory instrument made using powers in the Local Government Act 2003, newest first. Each one is explained section by section in plain English.
The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2025
- Department: Ministry of Housing, Communities and Local Government
- Made under: Local Government Act 2003
The 2025 Regulations amended the 2003 Local Authorities (Capital Finance and Accounting) (England) Regulations, extending the application timelines of regulations 30K and 30M.
The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2025 amend the 2003 Regulations, extending the timeframe for rules on fair value gains and losses of pooled investment funds (Regulation 30K) until March 2029 for investments made before April 2024.
They also extend the application of regulations concerning the accounting treatment of infrastructure assets (Regulation 30M), postponing necessary adjustments until April 2028.
These changes affect how English and Welsh local authorities account for certain assets and investments in their financial statements.