CIPFA is pleased to present the consultation for the Prudential Code for Capital Finance in Local Authorities (2017) (Prudential Code) to be updated.
In response to the recommendation of the Public Accounts Committee and the substantial increase in commercial investment, CIPFA is proposing to strengthen the provisions within the code. The areas we have proposed to strengthen are as follows:
CIPFA welcomes comments and responses on these proposals and thanks the sector for their time in responding. The consultation on Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes is also available for response and CIPFA recommends responding to both consultations.
Local authorities are required to 'have regard' to the Prudential Code when developing their capital investment plans. CIPFA is now issuing the Consultation on Proposed Changes to the Prudential Code.
The closing date for responses is 12 April 2021. Please e-mail your response to email@example.com. It is intended to publish the revised code towards the end of the year for 2021/22 implementation.
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