The Scottish Housing Regulator (the Regulator) has today published its revised Determination of Accounting Requirements (the Determination) The Determination sets out how Registered Social Landlords (RSLs) must prepare and present their annual accounts, ensuring transparency and consistency across the sector.
The Regulator recently consulted on proposed changes to the Determination, and the revised version incorporates the outcomes of that consultation. The update also reflects changes introduced by the Financial Reporting Council to Financial Reporting Standard (FRS) 102. It aligns regulatory requirements with current accounting standards and best practice.
Shaun Keenan, Assistant Director of Financial Regulation, said:
“The feedback to our consultation was invaluable in helping us finalise the Determination promptly.
“The revised Determination will apply to RSLs for accounting periods starting on or after 1 January 2026. Changes from the previous version are minimal, focusing primarily on clarifications and the removal of outdated requirements.
“SHR will publish a formal response to the consultation in January. However, since the Determination will apply to RSLs from 1 January 2026, we have chosen to release the revised Determination now to help RSLs prepare.”
Read the revised Determination of Accounting Requirements.
In addition to the Determination, the Regulator also updated its guidance note Financial Viability of RSLs as well as withdrawing the following guidance notes:
Preparation of Financial Statements
Statement of Internal Financial Control
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.
- You can read more about the Regulator’s consultation on it’s website here https://www.housingregulator.gov.scot/about-us/news/regulator-begins-consultation-on-revised-determination-of-accounting-requirements/