BusinessCompany NewsCity watchdog proposes OFR compliance

City watchdog proposes OFR compliance

The Financial Services Authority, in its role as UK listings authority, has proposed that all public companies comply with regulations set in the operating and financial review.

Link: Auditors left in the dark as OFR is welcomed

The FSA made this recommendation as part of its consultation paper released this week aimed at modernising and simplifying the listing rules in the UK.

In July, the DTI’s working group released a consultation document, setting out the broad principles which directors should follow in deciding what information is ‘material’ and should be included in the OFR.

It recommends that the OFR include both historic and forward-looking events and trends, including future plans, facts and events, probabilities, as well as risks and opportunities.

A final report by the working group is due to be published in December.

Related Articles

CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

4m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

4m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

7m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

7m Emma Smith, Managing Editor
Double digit profits rise for Smith & Williamson

Accounting Firms Double digit profits rise for Smith & Williamson

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

7m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

7m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

7m Emma Smith, Managing Editor