SI 2009/1801 "The Overseas Companies Regulations" come into force on 1 October 2009. They replace the previous regime contained in Part 23 and Schedules 21A to D of the Companies Act 1985.

The Financial Reporting Council ("FRC") is revising its guidance on going concern.

Following the publication of the International Financial Reporting Standard for Small and Medium-sized entities ("IFRS for SMEs"), the Accounting Standards Board ("ASB") is proposing to replace UK GAAP with this standard.