Good news for public companies in Britain: Regulators there have scaled back their requirements for narrative reporting, opening the door to simpler compliance even if companies must add a few new disclosures here and there.
The moves are part of a larger effort to simplify the blizzard of words most public companies publish in their annual reports, which British regulators have faulted as heavy on jargon but light on insight for the average investor. Last year the government proposed sweeping plans to overhaul filers’ narrative reporting, but the draft rules published earlier in November are considerably less visionary.
