Annal Nayyar blogs- Outcome of the consultation on the CFR regulations

The Consistent Financial Reporting (England) Regulations 2012 (SI 2012 No 674) were laid in Parliament on 8 March and will come into force on 31 March for 2011-12 CFR collections onwards.

The 2012 Regulations revoke the Consistent Financial Reporting (England) Regulations 2003 and several sets of amending regulations. The regulations contain several new approved headings to reflect the mainstreaming of grants, policy changes by the Coalition Government, the introduction of the Pupil Premium and the additional grant for schools.

The Department consulted on the new regulations in December 2011 to January 2012 and has taken on board the responses received in the final version. A summary of the consultation outcome is available as part of the explanatory memorandum on the DFE website.

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