Question to the Department for Business and Trade:

To ask His Majesty's Government what are the terms and scope of the Review of Non-Financial Reporting; who is undertaking that review; and when it will be available for scrutiny by members of the House of Lords.

The Government published the “Smarter regulation non-financial reporting review: call for evidence” in May 2023, seeing views on the non-financial disclosure requirements under the Companies Act, particularly the Strategic and Directors’ Reports. A list of requirements in scope of the review can be found at: https://www.gov.uk/government/calls-for-evidence/smarter-regulation-non-financial-reporting-review-call-for-evidence/annex-individual-reporting-requirements. The review is being undertaken by the Department for Business and Trade with assistance from the Financial Reporting Council. The findings of the review will be published, and any resulting legislative changes will be laid before Parliament for scrutiny in due course.