FRC publishes revised standards for investment reporting
Released 26 March 2020
The Financial Reporting Council (FRC) has issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code.
The revisions had been due to come into force in June 2020, however due to the impact of the COVID-19 pandemic, implementation has now been delayed until September 2020 to allow firms to properly consider and plan for the changes.
Further information can be found at https://www.frc.org.uk/news/march-2020-(1)/revised-standards-for-investment-reporting.