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.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial