The quoted companies regime
The quoted companies regime

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • The quoted companies regime
  • Brexit impact
  • Rules and guidance
  • When the quoted companies regime applies
  • Annual accounts and reports
  • Corporate governance statement
  • Requirement for accounts to be audited
  • Accounts to be filed—quoted companies
  • Financial reporting obligations of listed companies

Produced in partnership with Tessa Park of Kingston Smith. This Practice Note summarises the additional rules governing the preparation of annual accounts and reports by quoted companies under Part 15 of the Companies Act 2006 and regulations made under it.

Brexit impact

The UK corporate reporting framework may be affected by Brexit. For further details of its impact, see Brexit—accounts and reports.

Rules and guidance

The statutory rules governing annual accounts and reports of quoted companies are set out in:

  1. Part 15 of the Companies Act 2006 (CA 2006)

  2. the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, SI 2008/410 (Large Companies Regulations)

  3. Regulation (EC) 1606/2002 on the application of international accounting standards

A company that meets the definition of a quoted company is subject to more onerous accounting and reporting obligations than a company that falls within any other accounting regime. This reflects the increased public interest in the financial statements of such a company.

For a general overview of the CA 2006 provisions governing a company's annual accounts and reports, see Practice Note: Accounts and reports—an outline of the statutory framework.

In addition to the CA 2006 requirements in relation to accounts and reports, and, where applicable, the presentation and disclosure requirements of International Financial Reporting Standards (IFRS), a quoted company may also be subject to continuing