The UK’s Prudential Regulation Authority (PRA) has opened consultation on plans to cut regulatory reporting burdens for banks. Announced on 22 September 2025, the proposals would delete 37 templates inherited from European Union rules, mainly covering financial reporting.
Earlier this week the European Financial Reporting Advisory Group (EFRAG) launched an exemplar digital toolkit that’s tailor-made for small businesses: an Excel-based VSME Digital Template, a new XBRL taxonomy, and a handy open source converter to make it all machine-friendly.
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