The Regulations transpose into UK law Chapter 10 “Report on payments to governments” of the revised 2013 EU Accounting Directive. They require large and publicly listed oil, gas, mining and logging companies registered (i.e. incorporated) in the UK to annually disclose the payments they make to governments on a country-by-country and project-by-project basis.
Social & Governance
Industry sectors covered by the instrument
Organizations covered by the instrument
Large companies (listed & unlisted) - Directors of applicable companies (exemptions stated within the legislation)
Type of instrument
Mandatory or voluntary
The geographical scope