Regulator publishes revised Determination of Accounting Requirements
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The Scottish Housing Regulator has published its revised Determination of Accounting Requirements, which sets out how Registered Social Landlords must prepare and present their annual accounts, ensuring transparency and consistency across the sector.
The Regulator recently consulted on proposed changes to the Determination, and the revised version incorporates the outcomes of that consultation. The update also reflects changes introduced by the Financial Reporting Council to Financial Reporting Standard (FRS) 102. It aligns regulatory requirements with current accounting standards and best practice.
Shaun Keenan, assistant director of financial regulation, said: “The feedback to our consultation was invaluable in helping us finalise the Determination promptly.
“The revised Determination will apply to RSLs for accounting periods starting on or after 1 January 2026. Changes from the previous version are minimal, focusing primarily on clarifications and the removal of outdated requirements.
“SHR will publish a formal response to the consultation in January. However, since the Determination will apply to RSLs from 1 January 2026, we have chosen to release the revised Determination now to help RSLs prepare.”
In addition to the Determination, the Regulator also updated its Financial Viability of RSLs guidance note, as well as withdrawing the following guidance notes: Preparation of Financial Statements, and Statement of Internal Financial Control
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