FRED 86 Draft amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle
Published: 13 December 2024
Response deadline: 7 March 2025
| Title | FRED 86 Draft amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle |
|---|---|
| Format | pdf, 368.7 KB |
On this page
Overview
In relation to the 2024/25 annual review of FRS 101 'Reduced Disclosure Framework', the FRC proposes amendments to ensure that FRS 101 will continue to provide cost-effective disclosure reductions for those entities applying the Standard. These proposals relate to developments in IFRS Accounting Standards, notably new standards, IFRS 18 'Presentation and Disclosure in Financial Statements' and IFRS 19 'Subsidiaries without Public Accountability: Disclosures'.
Comments on FRED 86 were requested by 7 March 2025.
| Name | Explainer: FRS 101 Reduced Disclosure Framework and IFRS 19 Subsidiaries without Public Accountability: Disclosures (December 2024) |
|---|---|
| Publication date | 13 December 2024 |
| Format | PDF, 245.3 KB |
Outcome
On 28 May 2025, the FRC issued 'Amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle', which brings to a close the 2024/25 annual review of FRS 101 ’Reduced Disclosure Framework’.
The amendments ensure that FRS 101 will continue to enable streamlined group reporting, and where possible, deliver cost-effective disclosure reductions. Amendments relate to developments in IFRS Accounting Standards, notably disclosure exemptions from new requirements of IFRS 18 'Presentation and Disclosure in Financial Statements'. It is confirmed that IFRS 19 'Subsidiaries without Public Accountability: Disclosures' and FRS 101 cannot be applied together.
| Name | Amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle |
|---|---|
| Publication date | 28 May 2025 |
| Type | Amendment |
| Format | PDF, 293.6 KB |
| Name | Feedback Statement and Impact Assessment – Amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle |
| Publication date | 28 May 2025 |
| Type | Feedback paper |
| Format | PDF, 290.2 KB |
| Name | Explainer: FRS 101 Reduced Disclosure Framework and IFRS 19 Subsidiaries without Public Accountability: Disclosures (May 2025) |
| Publication date | 28 May 2025 |
| Type | Information sheet |
| Format | PDF, 2.6 MB |
Annex: Consultation responses
| Title | 02 KPMG Response to FRED 86 |
|---|---|
| Format | pdf, 163.8 KB |
| Title | 03 ICAS Response to FRED 86 |
| Format | pdf, 203.6 KB |
| Title | 04 Grant Thornton Response to FRED 86 |
| Format | pdf, 157.1 KB |
| Title | 05 ICAEW Response to FRED 86 |
| Format | pdf, 137.3 KB |
| Title | 06 Deloitte Response to FRED 86 |
| Format | pdf, 212.0 KB |
| Title | 07 PwC Response to FRED 86 |
| Format | pdf, 118.6 KB |
| Title | 08 Chartered Accountants Ireland Response to FRED 86 |
| Format | pdf, 362.6 KB |
| Title | 09 EY Response to FRED 86 |
| Format | pdf, 188.3 KB |
| Title | 10 Forvis Mazars Response to FRED 86 |
| Format | pdf, 546.2 KB |