Smarter regulation non-financial reporting review: call for evidence
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Detail of outcome
The Department for Business and Trade (DBT) received 160 responses to the call for evidence. This document summarises the responses received.
Original call for evidence
Call for evidence description
The Department for Business and Trade (DBT), working with the Financial Reporting Council (FRC), the UK regulator for corporate reporting, is conducting a review of the non-financial reporting requirements UK companies need to comply with to produce their annual report.
This builds on the Smarter regulation to grow the economy policy paper which set out how the government would improve regulation across the board to reduce burdens and drive economic growth now that the UK has left the European Union.
Our departure from the EU allows us to shape rules and processes so that they work for the UK’s specific circumstances, including for non-financial reporting.
The review will also consider if current company size thresholds (micro, small, medium and large) that determine certain non-financial reporting requirements, and the preparation and filing of accounts with Companies House, remain appropriate.
This call for evidence is the first stage of the review process.
Documents
Last updated 18 March 2024 + show all updates
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Summary of responses to call for evidence published.
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Added a Word version of the survey.
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First published.