---
title: "The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2024"
id: 37d24fb1-4e3f-49e4-8bcd-c52e080ce88b
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/602
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/37d24fb1-4e3f-49e4-8bcd-c52e080ce88b
language: en
in_force_from: 2024-06-01
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/602/data.xml
read_on: 2026-11-10
sha256: b4097ba5c280feff09dcf833a6e8a6121ab2c07950053f507740d41d10d635d0
provisions: 3
---

# The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2024

## Title and introductory text {#prelims}

2024 No. 602
Local Government, England
The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2024
Made
3rd May 2024
Laid before Parliament
7th May 2024
Coming into force
1st June 2024
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 16(2)(a), 21(1) and 123(1) and (2) of the Local Government Act 2003.

## 1 Citation, commencement and extent {#regulation-1}

(1) These Regulations may be cited as the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2024.
(2) These Regulations come into force on 1st June 2024.
(3) These Regulations extend to England and Wales.

## 2 Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 {#regulation-2}

(1) The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 are amended as follows.
(2) In regulation 1(5) (citation, commencement, application and interpretation)—
(a) omit the definition of “money market fund”;
(b) in the definition of “relevant period”, for “three” substitute “five”;
(c) in the definition of “relevant UCITS”, after paragraph (c) insert—
or
an EEA UCITS which is a recognised scheme under section 271A or 272 of the Financial Services and Markets Act 2000, or
an EEA UCITS—
to which Article 4(1)(aa) of Regulation 2017/1131 of the European Parliament and of the Council of 14th June 2017 on Money Market Funds applies, and
which is marketed in accordance with Chapter 3 of Part 6 of the Alternative Investment Fund Managers Regulations 2013;
.
(3) In regulation 25(3) (expenditure to be capital expenditure), omit sub-paragraph (a).
(4) In regulation 30K(1) (fair value gains and losses of pooled investment funds), in the definition of “pooled investment fund” omit paragraph (a).