In the June 2013 edition of this publication, we reported on the Government’s proposed changes to the form and content of a company’s non-financial annual reports and the publication (on 12 June 2013) of draft secondary legislation to introduce the new regime: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 (‘the Regulations’).
Final Regulations, in the same form as the June 2013 draft, have now been published (on 9 August 2013). To recap: the main change, which is applicable to all companies, is the introduction of a ‘strategic report’ in place of the existing ‘business review’.
Quoted companies will be required to make additional disclosures regarding human rights issues, gender representation within the company and greenhouse gas emissions. The new regime will apply to reports produced in relation to financial years ending on or after 30 September 2013.
The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 (SI 2013/1970) available at: