Statutory Instruments
2025 No. 422
LOCAL GOVERNMENT, ENGLAND
The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2025
Made
at 10.40 a.m. on 1st April 2025
Laid before Parliament
at 4.00 p.m. on 1st April 2025
Coming into force
23rd April 2025
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 21(1) and 123(1) and (2) of the Local Government Act 2003(1).
Citation, commencement and extent
1.—(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.
Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003
2. The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003(2) are amended as follows.
Amendment of regulation 30K
3. 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.”.
Amendment of regulation 30M
4. In regulation 30M(1)(a) (Accounting for infrastructure assets), for “2024” substitute “2028”.
Signed by authority of the Secretary of State for Housing, Communities and Local Government
Jim McMahon
Minister of State
Ministry of Housing, Communities and Local Government
at 10.40 a.m. on 1st April 2025
S.I. 2003/3146; amended by S.I. 2018/1207, 2018/1386, 2019/396, 2022/1232, 2023/241 and 2024/602.