Companies Act 2014 section 1588

Non-application to certain financial products and undertakings

Section 1588 identifies specific financial products and types of undertakings that are excluded from the corporate sustainability reporting requirements under Part 28 of the Companies Act 2014.

  • Certain financial products defined under the EU Sustainable Finance Disclosure Regulation are exempt from this Part
  • Specific types of financial undertakings listed in the EU Capital Requirements Directive are also exempt
  • Exempt financial products include items such as employee participation schemes and certain pension products
  • Exempt undertakings include entities such as development banks, credit unions, and certain specialised financial institutions

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