These new sector-specific guidance notes draw attention to the requirements of statutes and regulations, and to common practices and current issues specific to local authority treasury management. They are intended to complement and be read in conjunction with CIPFA’s Treasury Management Code published in 2001.

The 2006 guidance notes give clear and practical expression to how local authorities might adapt the treasury management practices (‘TMPs’) and suggested schedules in sections 1 and 2 of the cross-sectoral guidance notes to make them appropriate to their particular circumstances.

This guidance is a complete update of the original publication, taking account of the major changes in the legal and regulatory framework of local authority treasury management over the last four years. These changes have included:

• the effects (in England and Wales) of the Local Government Act 2003, and of the Local Government (Scotland) Act 2003, on borrowing, capital financing and investment in local government;
• the introduction of the prudential regime under CIPFA’s Prudential Code; and
• the guidance notes on local authority investment in England and Wales issued in March 2004.

This fully revised edition of the sector-specific guidance notes will be of use to all those concerned with treasury management, whether working as practitioners or managers in local fire and police authorities, or employed in the private sector and dealing with those organisations.

Also new for 2006:

Treasury Management in the Public Services: Anti-money Laundering – Cross-sectoral Guidance Notes Update

CIPFA have published a fully revised section on the subject of money laundering, originally published in CIPFA’s Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes. The revision reflects changes in the law and regulation of money laundering in the UK, most notably as a result of the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003. It also summarises the guidance given by CIPFA in its 2005 publication on the subject, Proceeds of Crime (Anti-money Laundering) – Practical Guidance for Public Service Organisations, applying it specifically to treasury management in the public services.

The update of the guidance notes can be downloaded free of charge or call CIPFA’s Publications Department on 020 7543 5605 or email publications@cipfa.org to request a printed copy.

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View the preface: Word (13kb) | PDF (13kb)