
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.
2 
The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 are amended as follows.
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.”.
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