FRS 101 Reduced Disclosure Framework
FRS 101 Reduced Disclosure Framework
This FRS sets out a reduced disclosure framework which addresses the financial reporting requirements and disclosure exemptions for the individual financial statements of subsidiaries and ultimate parents that otherwise apply the recognition, measurement and disclosure requirements of adopted IFRS.
The Table of Differences describes the relationships between UK and Ireland financial reporting standards and IFRS Accounting Standards.
Related impact assessments and feedback statements to the following publications.
FRS 101 research
The FRC is currently conducting research to hear preparers’ views about FRS 101. The survey is open until 31 October 2024.
Current edition
| Name | FRS 101 Reduced Disclosure Framework (September 2024) |
|---|---|
| Publication date | 10 September 2024 |
| Type | Standard |
| Notes | The September 2024 edition of FRS 101 incorporates all amendments issued up to September 2024. Some requirements, including those introduced by the Periodic Review 2024 amendments, are not mandatory at the time of publication. See paragraph 18 for details. |
| Format | PDF, 646.5 KB |
Superseded editions
| Name | FRS 101 Reduced Disclosure Framework (January 2022) |
|---|---|
| Publication date | 31 January 2022 |
| Type | Standard |
| Notes | The January 2022 edition of FRS 101 incorporates all amendments issued up to January 2022. |
| Format | PDF, 502.1 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle |
| Publication date | 9 August 2024 |
| Type | Amendment |
| Format | PDF, 215.4 KB |
| Name | Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review 2024 |
| Publication date | 27 March 2024 |
| Effective from | 1 January 2026 (Early application permitted) |
| Type | Amendment |
| Format | PDF, 31.2 KB |
| Name | Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 101 Reduced Disclosure Framework – International tax reform – Pillar Two model rules |
| Publication date | 11 July 2023 |
| Type | Amendment |
| Format | PDF, 181.7 KB |
| Name | Amendments to Basis for Conclusions FRS 101 Reduced Disclosure Framework – 2022/23 cycle |
| Publication date | 19 May 2023 |
| Type | Amendment |
| Format | PDF, 282.8 KB |
| Name | Amendments to Basis for Conclusions FRS 101 Reduced Disclosure Framework – 2021/22 cycle |
| Publication date | 19 May 2022 |
| Type | Amendment |
| Format | PDF, 1.4 MB |
| Name | FRS 101 Reduced Disclosure Framework (March 2018) |
|---|---|
| Publication date | 28 March 2018 |
| Type | Standard |
| Format | PDF, 458.8 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle |
| Publication date | 21 May 2021 |
| Type | Amendment |
| Notes | These amendments are available for financial statements approved after 21 May 2021: the date that the amendments were finalised. |
| Format | PDF, 376.2 KB |
| Name | Amendments to UK and Republic of Ireland accounting standards - UK exit from the European Union |
| Publication date | 21 December 2020 |
| Effective from | 1 January 2023 (Early application permitted) |
| Type | Amendment |
| Format | PDF, 726.6 KB |
| Name | Amendment to FRS 101 Reduced Disclosure Framework - Effective date of IFRS 17 |
| Publication date | 19 October 2020 |
| Effective from | 1 January 2023 |
| Type | Amendment |
| Format | PDF, 363.2 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework - 2019/20 cycle |
| Publication date | 29 May 2020 |
| Type | Amendment |
| Notes | These amendments are available for financial statements approved after 29 May 2020: the date that the amendments were finalised. |
| Format | PDF, 287.7 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework - 2018/19 cycle |
| Publication date | 9 July 2019 |
| Effective from | 1 January 2023 (Early application permitted) |
| Type | Amendment |
| Format | PDF, 343.2 KB |
| Name | Amendments to Basis for Conclusions FRS 101 Reduced Disclosures Framework - 2017/18 cycle |
| Publication date | 10 May 2018 |
| Type | Amendment |
| Format | PDF, 297.3 KB |
| Name | FRS 101 Reduced Disclosure Framework (Sep 2015) |
|---|---|
| Publication date | 29 September 2015 |
| Type | Standard |
| Format | PDF, 469.0 KB |
| Name | Triennial review 2017 amendments |
| Publication date | 14 December 2017 |
| Type | Amendment |
| Format | PDF, 790.8 KB |
| Name | Amendments to FRS 101: Reduced Disclosure Framework - 2016/2017 Cycle |
| Publication date | 12 July 2017 |
| Type | Amendment |
| Notes | In Amendments to FRS 101 - 2016/17 cycle, paragraph A2.7E should be read as paragraph A2.7F. |
| Format | PDF, 322.9 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Notification of shareholders |
| Publication date | 13 December 2016 |
| Type | Amendment |
| Format | PDF, 530.5 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework (2015/16 cycle) |
| Publication date | 8 July 2016 |
| Type | Amendment |
| Format | PDF, 524.6 KB |
| Name | FRS 101 Reduced Disclosure Framework (Aug 2014) |
|---|---|
| Publication date | 22 August 2014 |
| Type | Standard |
| Format | PDF, 457.7 KB |
| Name | Amendments to FRS 101 Reduced Disclosure Framework (2014/15 cycle) |
| Publication date | 16 July 2015 |
| Type | Amendment |
| Format | PDF, 364.7 KB |
| Name | FRS 101 Reduced Disclosure Framework (Nov 2012) |
|---|---|
| Publication date | 22 November 2012 |
| Type | Standard |
| Format | PDF, 1.3 MB |
| Name | Amendments to FRS 101: Reduced Disclosure Framework (2013/14 Cycle) |
| Publication date | 23 July 2014 |
| Type | Amendment |
| Format | PDF, 347.1 KB |