Disclosure of Directors Interest in Group and Parent Companies

Disclosure of Directors Interest in Group and...

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Does anyone know where I can find the requirement to disclose directors interests in group/parent company. It's usually disclosed in the directors report, should I be looking in FRS 8 or company law?

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By TerryD
14th Jan 2014 15:52

there is no requirement!

The requirement to disclose directors' interests was abolished in about 2006!

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By Tickers
16th Jan 2014 16:53

Link please

Thanks. Do you have a link I can refer to? Do you know if the requirement was companies act or FRS?

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By johngroganjga
16th Jan 2014 16:57

It was a legal requirement, nothing to do with FRS's.  What do you want to know about it?

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By TerryD
16th Jan 2014 17:19

Sorry, but I'm afraid I ritually burnt my CA1985 a couple of years ago, so I can't quote section numbers.

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By johngroganjga
16th Jan 2014 17:28

I still have dog-eared copies

I still have dog-eared copies of the '48 and '67 Acts but before I research the history of this now defunct provision I would like to understand the nature of the OP's interest - so I don't waste my time providing information that is of no use to him.  Does he have a particular client-related issue, or is he just an accounting historian?

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Replying to atleastisoundknowledgable...:
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By Tickers
17th Jan 2014 12:48

History is Bunk

johngroganjga wrote:

I still have dog-eared copies of the '48 and '67 Acts but before I research the history of this now defunct provision I would like to understand the nature of the OP's interest - so I don't waste my time providing information that is of no use to him.  Does he have a particular client-related issue, or is he just an accounting historian?

 

I was having a disagreement with an accountant who was picking apart the financial statements, my understanding that there was no requirement to disclose the directors interest but just couldn't find any reference to [***] which is why I asked.

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By johngroganjga
17th Jan 2014 13:06

Well there is no reference to such a requirement as it doesn't exist.  Why not just ask the other accountant to show you where in current legislation it says you have to disclose directors' interests in directors' reports?

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