Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what criteria his Department plans to use to identify regulatory reporting requirements suitable for (a) simplification and (b) removal.

The Department for Business and Trade is undertaking a review to simplify and streamline the UK’s non-financial reporting framework. When considering what reporting can be simplified and removed whether the disclosure leads to decision-useful information for investors and other stakeholders will be key. It will also be important that the reformed framework places a proportionate burden on business. We will consult on reforms in due course.