LLYWODRAETH LEOL, CYMRU Enwi, cychwyn a chymhwyso 1 1 Enw'r Rheoliadau hyn yw Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) (Diwygio) 2009 a deuant i rym ar 31 Mawrth 2009. 2 Mae'r Rheoliadau hyn yn gymwys o ran awdurdodau lleol yng Nghymru. Diwygio Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) 2003 2 Mae Rheoliadau Awdurdodau Lleol (Cyllid Cyfalaf a Chyfrifyddu) (Cymru) 2003 wedi'u diwygio drwy fewnosod y canlynol ar ôl rheoliad 24F— Impairment of certain investments 24G 1 Where, in relation to a relevant investment, in accordance with proper practices— a an impairment loss is recognised in a revenue account of the local authority for the financial year beginning on 1 April 2008; b an impairment loss is recognised in a revenue account of the local authority for the financial year beginning on 1 April 2009; or c the value of an impairment loss recognised in a revenue account of the local authority for the financial year beginning on 1 April 2008 is increased in a revenue account of the authority for the financial year beginning on 1 April 2009, the local authority may credit to a revenue account for the year in which the loss is recognised, or increased in value, any amount up to the amount of the loss. 2 A local authority which credits an amount to a revenue account for the financial year beginning on 1 April 2008 under paragraph (1) may debit an amount of up to the value of that credit to a revenue account for the financial year beginning on 1 April 2009. 3 Where— a under paragraph (1) a local authority credits an amount to a revenue account for the financial year beginning on 1 April 2008; and b in accordance with proper practices— i the value of the impairment loss to which that credit relates is reduced in the financial year beginning on 1 April 2009, and ii the local authority credits an amount to a revenue account for that year to recognise that reduction, the local authority must debit to a revenue account for the financial year beginning on 1 April 2009 an amount equal to the credit mentioned in paragraph (b)(ii). 4 Where— a under paragraph (1) a local authority credits an amount to a revenue account for the year beginning on 1 April 2008; and b in accordance with proper practices credits or has credited any amount to a revenue account before 1 April 2009 in respect of interest on the relevant investment not received on or before the date of the event giving rise to the impairment loss, the local authority must debit to a revenue account for the financial year beginning on 1 April 2008 an amount equal to the total of the amounts mentioned in sub-paragraph (b). 5 Where— a under paragraph (1) a local authority credits an amount to a revenue account for the year beginning on 1 April 2008 or 1 April 2009; and b in accordance with proper practices credits or has credited any amount to a revenue account before 1 April 2010 in respect of interest on the relevant investment not received on or before the date of the event giving rise to the impairment loss, to the extent it has not debited an amount under paragraph (4) in respect of the interest, the local authority must debit to a revenue account for the financial year beginning on 1 April 2009 an amount equal to the total of the amounts mentioned in sub-paragraph (b). 6 A local authority need not under paragraphs (3) to (5) debit to a revenue account a total amount that exceeds the total amount it has credited under paragraph (1). 7 In paragraph (6), the reference to the total amount credited under paragraph (1) is a reference to that amount as reduced by a debit under paragraph (2). 8 To the extent that a credit under paragraph (1) has not been fully reversed by debits under paragraphs (2) to (5), a local authority must debit to a revenue account for the financial year beginning on 1 April 2010 an amount equal to the value of the credit. 9 In this regulation, a relevant investment is a local authority investment— a in a bank; b affected by an event in the period commencing on 1 April 2008 and ending on 27 November 2008, other than an investment of the type described in section 17(1)(e) . . Brian Gibbons Y Gweinidog dros Gyfiawnder Cymdeithasol a Llywodraeth Leol, un o Weinidogion Cymru. 6 Mawrth 2009