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IFRS 9 override extended to 2029 for existing investments

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The International Financial Reporting Standard 9 (IFRS 9) statutory override is to continue for existing investments in pooled investment funds made before 1 April 2024, and will apply up to 1 April 2029.

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The Ministry of Housing, Communities and Local Government (MHCLG) decided to implement these transitionary arrangements for legacy investments following responses to a consultation on

Room151’s annual survey has been launched at a time when the local government finance sector is dealing with a changing landscape, a challenging economic context, and some all-too-familiar service, financial and funding pressures.

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