Narrative Reporting: FRC Final Guidance On The Strategic Report

SS
Shearman & Sterling LLP

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On 9 June 2014, the FRC published its final guidance on the application of the strategic report requirements introduced by the Companies Act 2006.
United Kingdom Corporate/Commercial Law

On 9 June 2014, the FRC published its final guidance on the application of the strategic report requirements introduced by the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (the "Regulations"). The Regulations came into force on 1 October 2013 and require certain companies to prepare a standalone strategic report as part of their annual report. The guidance is aimed at directors and is intended to serve as a best practice guide for entities preparing strategic reports. Further initiatives, including a review of progress towards clear and concise reporting in the 2014 reporting cycle, will be delivered by the FRC during 2014 and beyond.

The press release is available at:

https://www.frc.org.uk/News-and-Events/FRC-Press/Press/2014/June/FRC%E2%80%99s-work-to-encourage-clear-and-concise-reportin.aspx

The guidance is available at:

https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/Guidance-on-the-Strategic-Report.pdf

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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