Bank of England Updates on XBRL Migration
In a recent Statistical Notice (2024/04) the Bank of England provided important updates regarding Form IPA UAT Testing and XBRL Migration.
Items tagged with "UK"
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FRC finds room for improvement in reporting by UK’s largest companies
The Financial Reporting Council (FRC) has released its assessment of reporting by the UK’s major private companies, published January this year.
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Investor Analytics, Taxonomy Enhancements
The IFRS Taxonomy Consultative Group (ITCG) held an all day hybrid meeting yesterday covering a range of topics. The meeting was recorded and is now available on catchup from the IFRS website.
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UK regulator outlines open banking progress and future
The UK’s Joint Regulatory Oversight Committee – a collaborative effort between the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) – has provided an update on substantial strides made since its open banking vision announcement in April.
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FRC Guidance. Accelerating Investor Use
The UK’s Financial Reporting Council (FRC) has published new suggestions for corporates responsible for reporting in Inline XBRL to the UK’s National Storage Mechanism. We think it should be required reading for all companies reporting in Inline XBRL, wherever they are.
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FCA launches disclosure regime for sustainable investments
The UK’s Financial Conduct Authority (FCA) has announced a package of sustainability disclosure requirements and investment labels, aiming to improve trust and transparency around sustainable investment products and facilitate informed decision-making.
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Corporate governance reporting: progress and challenges
In its Annual Review of Corporate Governance Reporting, the UK’s Financial Reporting Council (FRC) acknowledges improvements in reporting quality against the UK Corporate Governance Code by listed entities in that country. It also points out persistent challenges.
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FCA finds room for improvement in ESG fund disclosure
The UK Financial Conduct Authority (FCA) has presented insights into how Authorised Fund Managers (AFMs) are aligning with regulatory expectations in their presentation of Environmental, Social, and Governance (ESG) information. The FCA’s evaluation assesses adherence to Guiding Principles provided in a letter sent to AFMs in July 2021.
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Unlocking IFRS 17: FRC review reveals insights
The UK’s Financial Reporting Council (FRC) recently shared its insights into companies’ initial application of IFRS 17, which marked a shift in insurance contract accounting. The thematic review assesses interim financial statements from ten companies, offering a nuanced view of their IFRS 17 disclosures.
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FRC unveils 2024 taxonomy suite
The UK’s Financial Reporting Council (FRC) has launched its 2024 suite of FRC Taxonomies, encompassing UK IFRS, FRS 101, FRS 102, UKSEF, and Charities. The suite incorporates a number of updates.
