Pandemic forces FCA to request financial disclosures delay

Amid 'unprecedented events'

Mike Sheen
clock • 2 min read

The “unprecedented events” surrounding the coronavirus pandemic have forced the Financial Conduct Authority (FCA) to request that companies delay the publication of preliminary financial statements, many of which were due over the coming days.

In a statement published late on Saturday night (21 February) the regulator asked firms to observe a moratorium on publication "for at least two weeks" as the "basis on which" firms are reporting is "changing rapidly" and it is therefore important that "due consideration" is given when preparing those disclosures. The practice of issuing preliminary financial statements is common among UK-listed companies with the requirement that they publish full audited financial statements within four months of the financial year end.  While it is common practice to publish preliminary financial s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

'Bonds should not be doing all the defensive work'

Will Dickson
clock 09 July 2026 • 4 min read
SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read