On 15 October 2012, the Financial Reporting Council (‘FRC’) published a discussion paper, ‘Thinking about disclosures in a broader context’, with the aim of improving the quality of financial reporting disclosures. The paper sets out a proposed ‘road map’ for a disclosure framework which would reform the current piecemeal approach and provide a more coherent framework, making the disclosures more relevant for users while at the same time cutting clutter. Comments are requested by 31 January 2013.

FRC Discussion Paper ‘Thinking about disclosures in a broader context’ available at:

http://www.frc.org.uk/getattachment/4e747c33-cc31-469b- 9173-a07a3d8f0076/Thinking-about-disclosures-in-a-broadercontext- A-road-map-for-a-disclosure-framework.aspx