The Scottish Housing Regulator has launched its consultation on a revised Determination of Accounting Requirements (the Determination). This follows the update of Financial Reporting Standard (FRS) 102 by the Financial Reporting Council.
Taking into account the changes introduced in the updated FRS 102, the Regulator has reviewed the additional disclosures within the Determination to ensure that they remain relevant and appropriate. The proposed changes are intended to enhance the usefulness of financial statements for both RSLs and those who read the financial statements.
The changes include proposals to incorporate requirements from other guidance notes into the Determination in order to reduce the number of guidance notes that the Regulator publishes. There are also some changes to the disclosure requirements to better reflect the current operating environment.
The consultation is available on the Regulator’s website to give all interested parties an opportunity to respond.
Shaun Keenan, Assistant Director of Financial Regulation, said, “It is essential that we consider the views of the sector when developing our guidance, and this consultation provides an opportunity for everyone to share their perspectives. I encourage all stakeholders to review the consultation and provide their feedback.”
The consultation will close on 14 November 2025. If you have any questions about the consultation, please contact consultations@shr.gov.scot.
Notes to editors
- The Scottish Housing Regulator was established on 1 April 2011 under the Housing (Scotland) Act 2010. Its objective is to safeguard and promote the interests of tenants and others who use local authority and RSL housing services. The Regulator operates independently of Scottish Ministers and is accountable directly to the Scottish Parliament. It assumed its full regulatory responsibilities on 1 April 2012. The Regulator consists of the Chair and seven Board members. More information about the Regulator can be found on its website at housingregulator.gov.scot
- SHR’s current approach to how it regulates social landlords is set out in its current Regulatory framework – Regulation of Social Housing in Scotland.