FCA and FRC joint statement reminding companies that extended financial information timelines continue to apply

Regulatory Updates | 27/01/21

Public policy interventions made in 2020 provided more time for the work necessary to ensure that published financial information continues to be of the quality that preparers and users of financial information expect.

Along with these measures, the FCA, Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) made a joint statement that encouraged investors, lenders and other users of financial statements to take into account the unique set of circumstances arising from the coronavirus pandemic. The need to take the circumstances arising from the coronavirus pandemic into account remains relevant today.