FCA Loosens Rules On Rental Reporting Amid COVID-19

Law360, London (August 18, 2020, 2:50 PM BST) -- Britain's finance watchdog said Tuesday that it will relax rules governing how companies must account for any reduced rent they paid during the COVID-19 crisis.

The Financial Conduct Authority said that it will loosen accounting regulations that usually require companies to disclose any changes to their rental payments, in a bid to aid businesses weather the global health crisis.

The changes provide "practical relief" to businesses in terms of how they account for reduced rental payments they made during the height of the crisis, the regulator said.

The relaxed rules will apply to any reporting periods beginning on or after June...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!