2020 Rhif 110 (Cy. 19)
Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) (Diwygio) 2020
Gwnaed
Gosodwyd gerbron Cynulliad Cenedlaethol Cymru
Yn dod i rym
Mae Gweinidogion Cymru, drwy arfer y pwerau a roddir gan adrannau 21(1), 24 a 123(1) o Ddeddf Llywodraeth Leol 20031, yn gwneud y Rheoliadau a ganlyn.
Enwi, cychwyn a dehongli1
1
Enw’r Rheoliadau hyn yw Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) (Diwygio) 2020 a deuant i rym ar 31 Mawrth 2020.
2
Yn y Rheoliadau hyn ystyr “Rheoliadau 2003” yw Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) 20032.
Enillion a cholledion gwerth teg cronfeydd buddsoddi cyfun2
Yn Rheoliadau 2003, ar ôl rheoliad 24J mewnosoder—
Fair value gains and losses of pooled investment funds24K
1
In this regulation—
“administering authority” means an administering authority as defined in Schedule 1 to the Local Government Pension Scheme Regulations 20133;
“fair value” has the same meaning as in Regulation 25A to these Regulations;
“fair value gain or loss” means a change in the fair value of an investment;
“pooled investment fund” means—
- a
a money market fund; or
- b
an investment scheme approved by the Treasury under section 11(1) of the Trustee Investments Act 19614 (local authority investment schemes).
2
Paragraph (3) applies where a local authority—
a
invests in a pooled investment fund (other than in its capacity as an administering authority in relation to a pension fund); and
b
a fair value gain or loss experienced on the authority’s investment in that pooled investment fund would otherwise be charged to a revenue account by that local authority in accordance with proper practices.
3
Where this paragraph applies, the local authority—
a
must not charge to a revenue account an amount in respect of that fair value gain or loss; and
b
must charge that amount to an account established, charged and used solely for the purpose of recognising fair value gains and losses in accordance with this regulation.
4
Paragraph (3) does not apply in respect of—
a
an impairment loss in relation to the authority’s investment in a pooled investment fund as recognised in a revenue account of the authority in accordance with proper practices; or
b
a sale or other disposal of the whole or any part of the authority’s investment in a pooled investment fund.
5
This regulation applies in relation to accounts prepared for financial years falling within the period beginning with 1 April 2019 and ending with 31 March 2023.
(Nid yw’r nodyn hwn yn rhan o’r Rheoliadau)