Open consultation

Local authority budget setting: mitigating the impact of fair value movements on pooled investment funds


This consultation is seeking stakeholders’ views on potential mitigations to the introduction of IFRS9 Financial Instruments accounting standards.

This consultation closes at

Consultation description

From the 2018 to 2019 financial year, local authorities will be required to implement a new accounting standard: IFRS 9 Financial Instruments.

IFRS 9 updates the accounting treatment and risk disclosures to be included in financial statements by entities that hold financial instruments.

The sector has made representations to government claiming that some of the provisions in IFRS 9 Financial Instruments will have negative impacts. We are consulting on potential mitigations to those provisions.


Consultation on mitigating the impact of fair value movements on pooled investment funds on local authority budget setting

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Ways to respond

Email to:

Write to:

Geoffrey Whitby
Ministry of Housing, Communities and Local Government
2nd floor, SE Quarter
Fry Building
2 Marsham Street

Published 25 July 2018