UK: Companies Act 2006: Financial Reporting Regulations

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 have been made and come into force on 6 April 2008. The Regulations set out the detailed format and content for the accounts of large and medium sized companies, as part of the reforms introduced by the Companies Act (2006). For the explanatory memorandum, click here.

The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 were made on 19 February and come into force on 6 April 2008. Click here for the explanatory memorandum.

The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 were laid before Parliament on 27 February and come into force on 6 April 2008. These Regulations replace the existing Companies (Disclosure of Auditor Remuneration) Regulations 2005 (SI 2005/2417). There is further information here.

The Companies (Summary Financial Statement) Regulations 2008 were laid before Parliament on 1 February and come into force on 6 April 2008. These Regulations explain in what circumstances summary financial statements can be published by companies. There is further information here.