# Football Governance Act 2025, Paragraph 2: Financial plans

Extent: E+W

A financial plans condition is a condition requiring a club to—
(a) submit a financial plan containing specified information to the IFR before a specified date,
(b) update the financial plan—
(i) annually or at such more frequent intervals as may be specified, and
(ii) as soon as reasonably practicable after there has been a material change in circumstances affecting the club, and
submit that updated plan to the IFR, and
(c) act in accordance with the latest financial plan submitted to the IFR.

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Source: https://www.legislation.gov.uk/ukpga/2025/21/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/football-governance-act-2025/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.