FCA implements requirements for listed companies to report on payments to governments

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05 Jan 2015

The FCA has published PS15/1, which implements the requirements of the EU Transparency Directive regarding reporting on payments to governments by companies in the extractive or logging industries. The new requirements are applicable for periods commencing on or after 1 January 2015 and the report must be published within six months of the year-end.

The requirements published by the FCA supplement the requirements of the Reports on Payments to Government Regulations 2014 introduced into UK law in December 2014.  The FCA's instrument extends the scope of these requirements to include entities incorporated outside the EEA whose only or first EEA listing is London and also accelerates the timetable within which the report must be published by listed companies (unlisted companies in the extractive or logging industries must publish a report within 11 months of the year-end).

The policy statement is available from the FCA website.

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