FRS 101 meaning

In this issue: Equity capital markets Company disclosures, records and registers Corporate governance Private M&A (share purchase) LexisNexis® Webinars Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equity capital markets FCA publishes new Enforcement Guide The Financial Conduct Authority (FCA) has issued Policy Statement PS25/5, unveiling a new Enforcement Guide (ENFG) that will replace the previous guide from 3 June 2025. The revisions are designed to improve transparency around enforcement investigations and to rationalise provisions already covered elsewhere. PS25/5 follows Consultation Paper CP24/2 and CP24/2: Part 2. The FCA has dropped plans for an investigation publicity policy based on a ‘public interest test’ (the so‑called ‘name and shame’ proposal), and the ENFG keeps the ‘exceptional circumstances’ threshold for publicising investigations into regulated and listed firms. However, it permits the FCA to share information in limited situations, for example naming the subjects of investigations into suspected...

In this issue: Corporate governance Accounts and reports Equity capital markets Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Corporate governance Companies House publishes Business Plan for 2024–2025 Companies House has set out its business plan for 2024 to 2025, spanning April 2024 through to March 2025. The plan sets out Companies House’s strategic aims, principal activities, performance targets, and financial projections. See: LNB News 12/08/2024 18. FRC releases assessment of Wates Principles reportings The Financial Reporting Council (FRC) has released its second review of reports from large private companies that report against the Wates Corporate Governance Principles (Wates Principles). See: LNB News 12/08/2024 30. Accounts and reports FRC launches discussion paper on future of digital reporting in the UK Acting within a cross‑regulatory group, the Financial Reporting Council (FRC) has issued an in‑depth discussion paper exploring the future of digital reporting in the UK....

In this issue: Environmental, social and governance issues Members Financial reporting obligations Daily and weekly news alerts Dates for your diary Trackers Useful information Environmental, social and governance issues WFE’s draft Transition Equity Principles aim to support credible Net Zero transition pathways The World Federation of Exchanges (WFE), the industry association for exchanges and clearing houses, has issued industry-endorsed Transition Equity Principles spanning exchanges worldwide. The proposals are designed to expand capital access for businesses pursuing decarbonisation goals, while equipping investors with decision-useful disclosures on issuers’ transition plans. See: LNB News 26/05/2026 44. Members Isilay v AVP Capital A FCPI and others [2026] EWHC 1254 (Ch) The Chancery Division declined the Respondents’ bid to strike out or obtain summary judgment regarding the addition of the Sixth Respondent (Blue Cloud) and the contention that board observers acted as de facto directors, but permitted a partial strike-out of specified paragraphs unless amendment applications were filed...

Prepared by Peter Westaway of Deloitte LLP and reviewed by Martin Hooper of Barnett Waddingham. THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT SCHEMES. Accounting for pensions is often intricate, particularly within groups where multiple entities take part in a single arrangement or scheme. The aim of this Practice Note is to outline, at a high level, how pensions are accounted for by UK employers and by schemes. Company reporting frameworks In the UK, corporate reports follow one of the following frameworks: International Financial Reporting Standards (IFRS), under which International Accounting Standard 19 (IAS 19) governs employers’ accounting for defined benefit pensions FRS 101—the Reduced Disclosure Framework (reflecting IFRS recognition and measurement while imposing reduced disclosure requirements) FRS 102—the Financial Reporting Standard applicable in the UK and Republic of Ireland, where Section 28 governs the accounting for defined benefit pensions FRS 105—the Financial Reporting Standard applicable to the Micro-entities Regime, where Section 23 governs the accounting for defined benefit pensions ...