Regulator consults on revised Determination of Accounting Requirements
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The Scottish Housing Regulator has launched its consultation on a revised Determination of Accounting Requirements following the update of Financial Reporting Standard (FRS) 102 by the Financial Reporting Council.
Taking into account the changes introduced in the updated FRS 102, the Regulator has reviewed the additional disclosures within the Determination to ensure that they remain relevant and appropriate. The proposed changes are intended to enhance the usefulness of financial statements for both RSLs and those who read the financial statements.
The changes include proposals to incorporate requirements from other guidance notes into the Determination in order to reduce the number of guidance notes that the Regulator publishes. There are also some changes to the disclosure requirements to better reflect the current operating environment.
Shaun Keenan, assistant director of Financial Regulation, said: “It is essential that we consider the views of the sector when developing our guidance, and this consultation provides an opportunity for everyone to share their perspectives. I encourage all stakeholders to review the consultation and provide their feedback.”
The consultation will close on 14 November 2025.
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