FRS 101 Reduced Disclosure Framework
This FRS sets out a reduced disclosure framework which addresses the financial reporting requirements and disclosure exemptions for the individual financial statements of subsidiaries and ultimate parents that otherwise apply the recognition, measurement and disclosure requirements of adopted IFRS.
The Table of Differences describes the relationships between UK and Ireland financial reporting standards and IFRS Standards.
Related impact assessments and feedback statements to the following publications.
Extant publications
May 2022
Amendments to Basis for Conclusions FRS 101 - 2021/22 cycle (PDF)
Current Edition: January 2022
FRS 101 Reduced Disclosure Framework (January 2022) (PDF)
This edition of FRS 101 updates the previous edition issued in March 2018 and reflects the amendments listed below:
May 2021
Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle (PDF)
These amendments are available for financial statements approved after 21 May 2021: the date that the amendments were finalised
May 2020
Amendments to FRS 101 Reduced Disclosure Framework - 2019/20 cycle (PDF)
These amendments are available for financial statements approved after 29 May 2020: the date that the amendments were finalised
May 2018
Amendments to Basis for Conclusions FRS 101 Reduced Disclosures Framework - 2017/18 cycle (PDF)
From 1 January 2023
October 2020
Amendment to FRS 101 Reduced Disclosure Framework - Effective date of IFRS 17 (PDF)
From 1 January 2021 (early application permitted)
December 2020
Amendments to UK and Republic of Ireland accounting standards - UK exit from the European Union (PDF)
July 2019
Amendments to FRS 101 Reduced Disclosure Framework - 2018/19 cycle (PDF)
Earlier publications
March 2018
FRS 101 Reduced Discolsure Framework (March 2018) (PDF)
December 2017
Triennial review 2017 amendments (PDF)
July 2017
Amendments to FRS 101: Reduced Disclosure Framework - 2016/2017 Cycle (PDF)
In Amendments to FRS 101 - 2016/17 cycle, paragraph A2.7E should be read as paragraph A2.7F
December 2016
Amendments to FRS 101 Reduced Disclosure Framework and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Notification of shareholders (PDF)
July 2016
Amendments to FRS 101 Reduced Disclosure Framework (2015/16 cycle) (PDF)
September 2015
FRS 101 Reduced Disclosure Framework (Sep 2015) (PDF)
July 2015
Amendments to FRS 101 Reduced Disclosure Framework (2014/15 cycle) (PDF)
August 2014
FRS 101 Reduced Disclosure Framework (Aug 2014) (PDF)
July 2014
Amendments to FRS 101 Reduced Disclosure Framework (2013/14 cycle) (PDF)
November 2012
FRS 101 Reduced Disclosure Framework (Nov 2012) (PDF)