Legal News

Joint FCA/FRC letter on issuer obligations relating to structured reporting

Published on: 16 November 2021
Published by LNB News

LNB News 16/11/2021

Document Information

Issue Date: 16 November 2021

Published Date: 16 November 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) have jointly published a letter to CEOs/chairs/CFOs of issuers with transferable securities admitted to trading on a UK regulated market. The letter addresses the FCA/FRC’s expectations on the quality of structured annual financial reports (AFRs) and recommends issuers review the UK’s requirements in relation to the European Single Electronic Format (ESEF) initiative and prepare for the change to the new electronic format of AFRs in order to satisfy the FCA’s transparency rules.

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