Regulators ease corporate reporting rules during coronavirus pandemic

'Unprecedented challenges'

Regulators have announced a series of measures to ensure information continues to flow to investors and ensure capital markets can function properly during the coronavirus pandemic.

A joint statement from the Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and the Prudential Regulation Authority was released this morning (26 March) outlining several moves including giving more time for corporate reporting during the coronavirus crisis. The statement said companies and their auditors "currently face unprecedented challenges" in preparing audited financial information. The FCA said listed companies would have two more months to publish audited financial statements during the crisis. It said the temporary relief extended the amount of time co...