On 11 October 2011, the government published a consultation on changes to Capital Finance Regulations and CLG Minimum Revenue Provision (MRP) Guidance. The consultation document can be seen here:
Consultation on capital finance changes Opens in a new window
London Councils responded to this consultation on 22 November 2011. The response can be seen by clicking on the document link below. The following issues were covered in the response:
- sale of future income streams (securitisation)
- investments in single company bonds
- drafting changes to regulations relating to changes in accounting codes
- ignoring debt transferred as a result of the reform of the Housing Revenue Account (HRA) system in calculating MRP
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