{
  "url": "https://openlegislation.uk/capital-requirements-country-by-country-reporting-regulations-2013/regulation-2",
  "json_url": "https://openlegislation.uk/capital-requirements-country-by-country-reporting-regulations-2013/regulation-2.json",
  "legislation": "uksi/2013/3118",
  "legislation_title": "The Capital Requirements (Country-by-Country Reporting) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/capital-requirements-country-by-country-reporting-regulations-2013",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Ongoing reporting obligation",
  "text": "(1) Institutions and relevant FCA investment firms shall publish information in accordance with paragraphs (2) to (7) on or before 31st December 2015 and on or before 31st December each year thereafter.\n(2) The information shall be published in accordance with accepted accounting standards on a consolidated basis for each country in which the institution or relevant FCA investment firm has a subsidiary or branch, or both.\n(3) The information shall relate to the period of account for the institution or relevant FCA investment firm ending immediately prior to the date of publication.\n(4) The information in relation to the institution or relevant FCA investment firm is—\n(a) the name, nature of activities and geographical location of the institution or relevant FCA investment firm and any subsidiaries and branches;\n(b) turnover;\n(c) the average number of employees on a full time equivalent basis;\n(d) profit or loss before tax;\n(e) corporation tax paid; and\n(f) public subsidies received.\n(5) For the purposes of paragraph (4)(c) the average number is determined by dividing the relevant annual number by the number of months in the period of account.\n(6) For the purposes of paragraph (5) the relevant annual number is determined by ascertaining for each month in the period of account the number of persons employed on a full time equivalent basis in that month (whether throughout the month or not) and adding together all the monthly totals.\n(7) The information shall be audited in accordance with the International Standards on Auditing (United Kingdom and Ireland) issued by the Financial Reporting Council Limited or a predecessor body.\n(8) An institution or relevant FCA investment firm shall publish in its annual report how it has complied, or how it will comply, with this regulation.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2(1) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(2); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 2(2) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(3); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 2(3) substituted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(4); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 2(4) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(5)(a); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 2(4)(a) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(5)(b); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 2(7) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 31 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in reg. 2(8) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 52(6); S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 1.1.2014, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/3118/regulation/2",
    "retrieved_at": "2026-10-29T00:32:30.559080+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}