Research and analysis

LLPs (Financial Disclosure) Regulations: RPC Opinion

Regulatory Policy Committee opinion on BEIS' Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022

From:
Regulatory Policy Committee
Published
19 January 2022

Documents

The Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022: RPC Opinion

PDF, 158 KB, 8 pages

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Details

These regulations place requirements on the climate-related reporting of certain large UK businesses. The intention is to improve the rate and quality of the reporting in the UK, to enable companies to identify better their own climate-related risks, as well as inform investors better, while also having the potential to enable these firms to contribute to the UK’s push towards Net Zero. Although small and micro businesses (SMBs) are not in scope of the regulations, the impact assessment (IA) identifies the likely number of SMBs on which the proposals will have an impact due to their status as subsidiaries within a larger business group; any impact on these will be through requirements placed upon their parent organisations.

The analysis in the IA builds upon evidence gathered through a combination of stakeholder engagement and consultation. The RPC considers the IA to be green-rated; fit for purpose.

Published 19 January 2022