This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FRC and FCA issue joint letter to CEOs on structured reporting

  • FCA Image
  • FRC Image

18 Nov 2021

The Financial Reporting Council (FRC) and the Financial Conduct Authority (FCA) have jointly written to Chief Executive Officers (CEOs) of companies in scope of new structured electronic reporting requirements that will be required by Disclosure and Transparency Rule (DTR) 4.1.14.

Last year the FCA delayed, by one year, the mandation of Disclosure and Transparency Rule 4.1.14, which introduced a requirement for companies on a regulated market to publish annual reports in XHTML format. These requirements now apply for financial years beginning on or after 1 January 2021.  As a result of the requirements, electronic data for thousands of companies will become available for automatic extraction, analysis and comparison.  However, such data will only be useful if it is of high quality.  

The joint letter is therefore intended to remind in-scope companies of their obligations.  It also sets out combined expectations on quality and identifies actions the FRC and FCA may take in the event of their expectations not being met.

A press release and the letter are available on the FRC website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.