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ImplementationPhase and TimelineThe implementation of this Financial Standard ison a phased basis and follows the principle ofproportionality, initially applying only to Tier 3bodies (larger AHBs). All AHBs are expected tobe compliant with their particular elements of the Codeand Standard by 2018.A pilot will be initiated in 2015 with a select group ofTier 3 AHBs in respect of the 2014 financial year. By2016, all Tier 3 AHBs will come under the provisions ofthe Financial Standard and will be required to returnfinancial information relating to their 2015 accountsin accordance with these provisions.By 2017, all Tier 2 AHBs will be required to adhere tothe provisions of the Financial Standard (relating to theirTier level) in respect of the 2016 financial year. This willhave been preceded by a Tier 2 Pilot Group adapting theFinancial Standard in 2016 in relation to their 2015 return.By 2018, all Tier 1 AHBs will be required to adhere to theprovisions of the Financial Standard relating to their Tierlevel and make a return in respect of the 2017 year. This willhave been preceded by a Tier 1 Pilot Group adapting theFinancial Standard in 2017 in relation to their 2016 return.The table below provides a summary of thetimescales involved.AHBs are welcome to fulfil the requirements of theCode, including the Financial Standard in advance ofthe official compulsory compliance dates. A summary ofthe requirements of the consolidated Code (includingthe Financial Standard) are set out in Appendices B – D.Appendix B refers to Tier 3s, Appendix C refers to Tier 2sand Appendix D refers to Tier 1s.AHBs who have signed up to the Code continue tocomplete an Annual Return Form. As the FinancialStandard is phased in, (according to Tier level asper Table below) AHBs will be required to provideadditional information and adhere to the requirementsof the Standard in order to be viewed as meeting theregulation requirements.Implementation Year Tier Level Assessment2015Pilot Group of Tier 3s Assessment relating to 2014financial performance and data2016All Tier 3 bodies & Pilot Groupof Tier 2s2017All Tier 2 bodies & Pilot Groupof Tier 1sAssessment relating to 2015financial performance and dataAssessment relating to 2016financial performance and data2018All Tier 1 bodies Assessment relating to 2017financial performance and dataThe Financial Standard and Assessment Framework9