Statement: Review of regulatory financial reporting for Royal Mail
- Start: 31 March 2017
- Status: Statement published
- End: 01 June 2017
Statement published 18 December 2017
On 31 March 2017, we published a consultation document (the March 2017 Consultation) where we set out our proposals for changes to the contents, frequency, disclosure, and deadlines of the regulatory financial reporting required from Royal Mail.
The consultation closed on 1 June 2017. In this statement, we consider and assess the responses received from stakeholders, and in light of that work, we set out our decisions with respect to our proposals (with the exception of margin squeeze control, on which we are planning a further consultation next year). We are making some modifications to our proposed requirements in the light of the concerns that the respondents raised; however, for the most part our decisions remain in line with what we proposed.
We expect that the first two sections of this statement (Executive summary and Introduction and overview) and the final section (Conclusions) will be of interest to a wide range of stakeholders that have an interest in the postal sector. The remaining sections of the statement are likely to be of interest to those with an interest in the technical details of Royal Mail’s regulatory financial reporting.