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The 72 FPPP criteria

Nine areas, each mapped to the UK Listing Rules and to the illustrative objectives in ICAEW TECH 14/14CFF Appendix 1. Gate items are the ones a sponsor cannot give the FPPP opinion without.

FPPP v1 (UKLR, 2026) · rules current as of 2026-08-28

01

Directors' risk assessment of FPP

ICAEW §A · 9 criteria

Whether the directors can identify and manage the risks that bear on the group's financial position and prospects — and have written that assessment down.

1.1

Risk management framework

In free scanCompliance & Risk

A formal Risk Management Framework must be documented, describing the overall approach to identifying, assessing, and mitigating risk.

Должна быть документально оформлена формальная система управления рисками, описывающая общий подход к выявлению, оценке и снижению рисков.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §AFPPP scope — Risk assessment of FPPP
What discharges it

framework document Sets out how risks are identified, assessed, owned, mitigated and escalated, and on what cycle the process itself is reviewed.board approved

1.2

Group risk register

In free scanCompliance & Risk

A Group Risk Matrix must exist and be updated periodically to reflect current risks.

Должна существовать матрица рисков Группы, регулярно обновляемая для отражения актуальных рисков.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §A(b)FPPP scope — Risk assessment of FPPP
What discharges it

register A current group risk register giving, for each risk, likelihood, financial impact, owner and mitigation.no older than 6 months

1.3

Risk categories covered

Compliance & Risk

Risk identification process must cover: operational, financial, strategic, regulatory, and climate-related (TCFD - Task Force on Climate-related Financial Disclosures) risks.

Процесс выявления рисков должен охватывать операционные, финансовые, стратегические, регуляторные и климатические риски (TCFD — Рабочая группа по вопросам раскрытия финансовой информации, связанной с климатом).

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §A(c)FPPP scope — Risk assessment of FPPP
What discharges it

register Each of the five categories is represented by at least one identified risk, and the register shows which category each risk belongs to.

1.4

Risk assessment methodology

Compliance & Risk

A risk assessment methodology must be documented — showing how likelihood and financial impact of each risk is assessed.

Должна быть задокументирована методология оценки рисков, показывающая, как оцениваются вероятность и финансовое воздействие каждого риска.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §A
What discharges it

process document Defines the likelihood and financial-impact scales, the thresholds between them, and how a combined rating is derived.

1.5

Risk owners

Compliance & Risk

Risk owners must be formally assigned for each identified risk.

Для каждого выявленного риска должны быть официально назначены владельцы рисков.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §AFPPP scope — Risk assessment of FPPP
What discharges it

register Every risk names an accountable individual.named owner

1.6

Mitigation actions

Compliance & Risk

Mitigation actions must be developed, documented, and monitored for each risk.

Для каждого риска должны быть разработаны, задокументированы и отслеживаться меры по его снижению.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §AFPPP scope — Risk assessment of FPPP
What discharges it

register Each risk carries mitigating actions with a status and a review date.must have operated: Two consecutive versions of the register showing action statuses changing.

1.7

Board and committee challenge

Compliance & Risk

The Board and Audit & Risk Committee must have a formal process for reviewing and challenging the risk management process.

Совет директоров и Комитет по аудиту и рискам должны иметь формальный процесс рассмотрения и критической оценки системы управления рисками.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(s)FPPP scope — Risk assessment of FPPP
What discharges it

committee minutes Minutes record the committee reviewing the risk register and challenging management on it — not merely receiving it.no older than 12 months

1.8

FPP-relevant risk factors

Compliance & Risk

Risk factors specifically relevant to financial position and prospects must be identified and linked to FPP procedures.

Риски, непосредственно влияющие на финансовое положение и перспективы, должны быть выявлены и увязаны с процедурами ФПП.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §A(b)
What discharges it

register Risks bearing on financial position and prospects are marked as such and each maps to the named procedure that addresses it.

1.9

Directors' FPPP risk assessment

GateIn free scanBoard / Company Secretary

The directors' risk assessment must explicitly identify, assess, and consider risks relating to each of the following seven areas: (i) high-level reporting environment, (ii) forecasting and budgeting, (iii) management reporting framework, (iv) significant transaction complexity and potential financial exposure or risk, (v) strategic projects and initiatives, (vi) financial accounting and reporting, and (vii) the IT environment — and document how FPP procedures address those risks.

Оценка рисков директорами должна прямо выявлять, оценивать и учитывать риски по каждой из следующих семи областей: (i) общая среда финансовой отчетности, (ii) прогнозирование и бюджетирование, (iii) система управленческой отчетности, (iv) сложность существенных сделок и потенциальные финансовые риски, (v) стратегические проекты и инициативы, (vi) финансовый учет и отчетность, (vii) ИТ-среда — с документальным описанием того, как процедуры ФПП покрывают эти риски.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §A(c)
What discharges it

framework document A single directors' FPPP risk assessment addressing each of the seven areas by name, and stating for each the procedures relied upon.board approved

02

High-level reporting environment

ICAEW §B · 11 criteria

The governance structure, the people and the control environment underneath financial reporting: board and committees, the finance function, internal control, internal and external audit.

2.1

Board skills matrix

Board / Company Secretary

Board composition must include members with relevant financial and industry-specific skills — documented in a Board Skills Matrix.

В состав Совета директоров должны входить члены с соответствующими финансовыми и отраслевыми компетенциями, что должно быть отражено в матрице компетенций Совета директоров.

UKLR 24.3.2R(5)UKLR 24.3.2R(4)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(b)UK Corporate Governance Code, Provision 23
What discharges it

matrix Maps each director against financial and sector-specific skills, and identifies the gaps the nomination committee is recruiting against.

2.2

Committee terms of reference

GateIn free scanBoard / Company Secretary

Formal written Terms of Reference must be in place for: Audit & Risk Committee, Remuneration and Nomination Committees.

Должны быть утверждены официальные письменные положения (Terms of Reference) для Комитета по аудиту и рискам, Комитета по вознаграждениям и Комитета по назначениям.

UKLR 2.2.1R — Listing Principle 1UKLR 24.3.2R(4)DTR 7.1.1R–7.1.3RFPPP scope — High-level reporting environment
What discharges it

terms of reference Signed terms of reference for each of the three committees, stating composition, independence requirements, quorum and delegated authority.board approved

2.3

ICFR framework

GateIn free scanCompliance & Risk

A documented Internal Control over Financial Reporting (ICFR) framework must exist.

Должна существовать задокументированная система внутреннего контроля над финансовой отчетностью (ICFR).

UKLR 2.2.1R — Listing Principle 1UKLR 20.2.4ARICAEW TECH 14/14CFF App.1 §B(n)FPPP scope — High-level reporting environment
What discharges it

framework document Identifies the key financial reporting controls, names a control owner for each, and states how design and operating effectiveness are assessed and on what cycle.

2.4

Delegation of authority

In free scanCFO / Finance

A Delegation of Authority (DoA) matrix must be in place showing approval limits for procurement, payments, and commitments — embedded in financial systems.

Должна быть внедрена матрица делегирования полномочий (DoA) с указанием лимитов согласования по закупкам, платежам и обязательствам, интегрированная в финансовые системы.

UKLR 2.2.1R — Listing Principle 1UKLR 20.2.4ARICAEW TECH 14/14CFF App.1 §B(g)FPPP scope — High-level reporting environment
What discharges it

matrix Approval limits for procurement, payments and commitments, by role and value band.board approved · must have operated: System configuration or a workflow export showing the same limits enforced in the ERP, not only on paper.

2.5

Finance function resourcing

In free scanCFO / Finance

The finance function must be adequately staffed with qualified personnel, evidenced by a documented organisational chart covering roles, reporting lines, and responsibilities from the CFO to key accounting staff.

Финансовая функция должна быть укомплектована квалифицированным персоналом в достаточном количестве, что подтверждается документально оформленной организационной структурой с описанием ролей, линий подчинения и обязанностей — от финансового директора до ключевых сотрудников бухгалтерии.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(d)
What discharges it

org chart Roles, reporting lines and responsibilities from the CFO to key accounting staff, with qualifications shown and vacancies marked.

2.6

Whistleblowing policy

Compliance & Risk

A whistleblowing policy and escalation procedure must be formally documented and communicated to all staff.

Политика информирования о нарушениях и процедура эскалации должны быть официально задокументированы и доведены до сведения всех сотрудников.

UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(m)
What discharges it

policy Names the reporting channel, protects the reporter from retaliation, and states how reports are escalated, investigated and tracked to conclusion.board approved · must have operated: Evidence of communication to staff — intranet posting, induction pack or training record.

2.7

Control deficiency remediation

Compliance & Risk

A process for identifying, reporting, and remediating internal control deficiencies must be in place and documented.

Должен быть внедрен и задокументирован процесс выявления, доведения до сведения и устранения недостатков системы внутреннего контроля.

UKLR 20.2.4ARUKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(o)
What discharges it

process document States how deficiencies are logged, rated for severity, communicated, assigned and cleared, with timescales and an escalation threshold to the audit committee.

2.8

Internal audit

In free scanInternal Audit

An internal audit function must exist — or its absence must be formally explained with compensating controls documented.

Должна существовать функция внутреннего аудита — либо ее отсутствие должно быть формально обосновано с документальным описанием компенсирующих контролей.

UKLR 2.2.1R — Listing Principle 1UKLR 20.2.4ARICAEW TECH 14/14CFF App.1 §B(q)FPPP scope — High-level reporting environmentUK Corporate Governance Code, Provision 26
What discharges it

terms of reference An internal audit charter and annual plan approved by the audit committee — or, where there is no function, a board-approved explanation naming the compensating controls relied upon.board approved

2.9

External audit recommendations

CFO / Finance

A process for handling and implementing recommendations from external auditors must be documented.

Должен быть задокументирован процесс рассмотрения и внедрения рекомендаций внешних аудиторов.

UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(p)
What discharges it

process document States how management-letter points are assigned, tracked and reported to the audit committee, with the current status of open points available.

2.10

Accounting records

CFO / Finance

Accounting records must be maintained up to date and capable of producing timely management information.

Учетные записи должны вестись в актуальном состоянии и обеспечивать возможность своевременного формирования управленческой информации.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §B(j)
What discharges it

management accounts Records support production of management information within the stated close timetable.must have operated: The last three months' close, showing the date each pack was actually issued.

2.11

Statutory-to-management reconciliation

CFO / Finance

A process for reconciling the statutory financial position with management accounts must be formally documented.

Процесс сверки статутарного финансового положения с управленческой отчетностью должен быть формально задокументирован.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §B(k)
What discharges it

process document A documented reconciliation between the management accounts and the statutory IFRS position, with the bridge for the most recent period retained and explained.

03

Forecasting and budgeting

ICAEW §C · 8 criteria

Whether the group can forecast well enough to manage market expectations and support a working capital statement — the one area where the evidence is a model, not a document.

3.1

Annual budgeting process

In free scanCFO / Finance

A documented annual budgeting process must exist — from assumption-setting through to final Board approval.

Должен существовать задокументированный процесс годового бюджетирования — от формирования допущений до окончательного утверждения Советом директоров.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(b)
What discharges it

process document Sets out the budget cycle with dates, responsibilities, the assumption-setting step, the challenge and iteration stages, and the board approval point.

3.2

Controlled financial model

GateIn free scanCFO / Finance

A financial model must exist with clearly documented logic, assumptions, and version control.

Должна существовать финансовая модель с четко задокументированной логикой, допущениями и контролем версий.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(d)FPPP scope — Forecasting and budgeting
What discharges it

financial model A single controlled master version, with an assumptions sheet, a change log, and the model's logic documented well enough for a reviewer to follow a number from driver to output.named owner

3.3

Re-forecasting

CFO / Finance

A re-forecasting process must be in place that responds to actual performance and changing business conditions.

Должен быть внедрен процесс перепрогнозирования, реагирующий на фактические результаты и изменение условий деятельности.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(c)
What discharges it

process document States the re-forecast cadence and the triggers for an out-of-cycle re-forecast, and shows how actuals feed back into the model.must have operated: The two most recent re-forecasts and what changed between them.

3.4

Sensitivity and scenario analysis

In free scanCFO / Finance

Sensitivity and scenario analysis procedures must be documented, covering key business drivers (e.g. fuel prices, exchange rates, cargo volumes).

Должны быть задокументированы процедуры анализа чувствительности и сценарного анализа, охватывающие ключевые факторы деятельности (например, цены на топливо, валютные курсы, объемы перевозок).

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(c)ICAEW TECH 14/14CFF App.1 §C(d)FPPP scope — Forecasting and budgeting
What discharges it

financial model Downside and upside scenarios run on the declared key drivers, with the mechanics visible in the model rather than pasted in as values.

3.5

Variance analysis

In free scanCFO / Finance

A variance analysis process must exist: actual results vs budget vs forecast, with management commentary reviewed by the Board on a timely basis.

Должен существовать процесс анализа отклонений: фактические результаты в сравнении с бюджетом и прогнозом, с комментариями руководства, рассматриваемыми Советом директоров в установленные сроки.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(g)
What discharges it

report pack Actual against budget and against forecast, with written explanation of material variances in both directions, in a pack the board demonstrably received.no older than 3 months

3.6

Board approval of the budget

CFO / Finance

Budgets and forecasts must be formally reviewed and approved by senior management and the Board before the start of each financial period.

Бюджеты и прогнозы должны официально рассматриваться и утверждаться высшим руководством и Советом директоров до начала каждого финансового периода.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §C(f)
What discharges it

board minutes Board approval of the budget recorded on a date before the start of the financial period it covers.board approved

3.7

Analyst forecasts and market expectations

Investor Relations

A process for monitoring analyst forecasts and managing market expectations must be formally documented.

Должен быть формально задокументирован процесс мониторинга прогнозов аналитиков и управления ожиданиями рынка.

UKLR 2.2.1R — Listing Principle 6DTR 2.2.1R (with MAR Art. 17)FPPP scope — Forecasting and budgeting
What discharges it

process document Names who tracks consensus, how the company's own forecast is compared against it, and the threshold at which a trading update or announcement is considered.

3.8

Replanning on forecast

Strategy

A process for updating plans and reallocating resources based on forecast monitoring must exist.

Должен существовать процесс корректировки планов и перераспределения ресурсов на основе результатов мониторинга прогнозов.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §C(h)
What discharges it

process document The process itself, plus at least one worked instance where forecast monitoring led to a documented change of plan or reallocation of resource.must have operated: Board or management minutes recording the decision that followed.

04

Management reporting framework

ICAEW §D · 6 criteria

The quality, timeliness and content of the financial and operational information the board actually receives — including between reporting dates.

4.1

Monthly management accounts

GateIn free scanCFO / Finance

A monthly management accounts pack must be produced covering: P&L, cash flow, balance sheet, working capital, KPIs, and divisional performance reports for each subsidiary.

Должен формироваться ежемесячный пакет управленческой отчетности, включающий отчет о прибылях и убытках, отчет о движении денежных средств, баланс, оборотный капитал, КПЭ и отчеты о результатах по каждой дочерней компании.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §D(b)FPPP scope — Management reporting framework
What discharges it

management accounts A monthly pack containing all six elements, with divisional reporting for every entity in the IPO perimeter.per entity

4.2

Reporting timetable

In free scanCFO / Finance

The management accounts pack must be produced to a defined timetable — consistently and on time.

Пакет управленческой отчетности должен формироваться в соответствии с установленным графиком — последовательно и в срок.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §D(b)FPPP scope — Management reporting framework
What discharges it

process document A published close calendar, plus the actual issue date of each of the last six packs against it.must have operated: Issue dates for the last six periods, showing whether the calendar was met.

4.3

Segment KPIs

Strategy

KPIs must be formally defined and documented for each business segment.

КПЭ должны быть формально определены и задокументированы для каждого бизнес-сегмента.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §D(a)
What discharges it

process document For each segment, each KPI with its formula, data source and owner — and, for any non-IFRS measure, the reconciliation to the nearest IFRS measure.named owner

4.4

Out-of-cycle escalation

CFO / Finance

An escalation procedure must exist for material financial events that occur outside the regular monthly reporting cycle.

Должна существовать процедура эскалации для существенных финансовых событий, происходящих вне регулярного ежемесячного цикла отчетности.

UKLR 2.2.1R — Listing Principle 1DTR 2.2.1R (with MAR Art. 17)ICAEW TECH 14/14CFF App.1 §D(c)
What discharges it

process document States the materiality threshold, the escalation route to the board, and the timescale — with the link to the inside-information assessment made explicit.

4.5

Management-to-IFRS reconciliation

In free scanCFO / Finance

A reconciliation process between management accounts and statutory IFRS accounts must be documented.

Должен быть задокументирован процесс сверки управленческой отчетности со статутарной отчетностью по МСФО.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §B(k)FPPP scope — Management reporting framework
What discharges it

process document The documented reconciliation with the most recent bridge retained, showing each reconciling item and who reviewed it.

4.6

Board information between dates

Board / Company Secretary

The Board must receive timely information between periodic reporting dates about any events with a material financial impact.

Совет директоров должен своевременно получать информацию о событиях, оказывающих существенное финансовое влияние, в период между отчетными датами.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §D(c)
What discharges it

board minutes At least one instance where the board was informed of a material financial event between scheduled reporting dates.must have operated: The minute or circulated note, with its date relative to the event.

05

ESG, climate and sustainability reporting

ICAEW §A · 9 criteria

Procedures for identifying, managing and reporting environmental, social and governance matters — including how climate risk reaches the risk register, the forecasts and the impairment models.

5.1

ESG oversight mandate

In free scanESG

Board-level or committee-level oversight of ESG matters must be formally established — with documented mandate.

Надзор Совета директоров или Комитета по вопросам ESG должен быть формально установлен с документально закрепленными полномочиями.

UKLR 2.2.1R — Listing Principle 1DTR 7.2.2R–7.2.7RFPPP scope — ESG
What discharges it

terms of reference Review Board and committee Terms of Reference and minutes to confirm formal ESG oversight responsibilities.board approved

5.2

Environmental policy

ESG

An environmental management policy must be documented and approved by the Board.

Политика в области экологического менеджмента должна быть зафиксирована в документах и утверждена Советом директоров.

UKLR 2.2.1R — Listing Principle 1FPPP scope — ESG
What discharges it

policy Obtain and review the approved Environmental Policy and evidence of Board approval and implementation across the Group.board approved · per entity

5.3

Health and safety policy

ESG

A health and safety policy must be documented and implemented across all subsidiaries.

Политика в области охраны труда и техники безопасности должна быть зафиксирована в документах и внедрена во всех дочерних компаниях.

UKLR 2.2.1R — Listing Principle 1FPPP scope — ESG
What discharges it

policy Review the Sustainability policy and H&S policies or procedures where applicable, and confirm their implementation across material operations.per entity

5.4

Business ethics and anti-corruption

Compliance & Risk

A business ethics and anti-corruption policy must be in place and formally adopted.

Должна быть разработана и официально утверждена политика в области деловой этики и противодействия коррупции.

UKLR 2.2.1R — Listing Principle 1UKLR 2.2.1R — Listing Principle 4FPPP scope — ESG
What discharges it

policy Review the Code of Ethics, anti-corruption policies and whistleblowing procedures, and evidence of formal approval at each perimeter entity.board approved · per entity

5.5

Climate risk in the risk matrix

In free scanESG

Climate-related risks — transition and physical — must be formally integrated into the Group Risk Matrix.

Риски, связанные с изменением климата — как переходные, так и физические — должны быть официально включены в матрицу рисков Группы.

UKLR 24.3.2R(5)FPPP scope — ESG
What discharges it

register Review the ESG Risk Matrix and supporting climate risk assessment to confirm inclusion of physical and transition risks.

5.6

ESG in forecasts and impairment

CFO / Finance

ESG and climate factors must be incorporated into financial forecasts, asset impairment reviews, and the valuation of provisions.

Факторы ESG и климатические факторы должны учитываться при составлении финансовых прогнозов, проведении анализа обесценения активов и оценке размера резервов.

UKLR 24.3.2R(5)FPPP scope — ESG
What discharges it

financial model Review financial forecasts, impairment models and material ESG and climate assumptions.

5.7

Climate disclosure data

ESG

A process for gathering TCFD-aligned disclosure data must be in place, with defined data owners (TCFD = Task Force on Climate-related Financial Disclosures, Global Framework).

Должен быть внедрен процесс сбора данных для раскрытия информации в соответствии с требованиями TCFD с четким определением лиц, ответственных за данные.

UKLR 2.2.1R — Listing Principle 1DTR 7.2.2R–7.2.7RFPPP scope — ESG
What discharges it

process document Review ESG data collection procedures, Data Owner assignments, reporting templates and evidence of review controls.named owner

5.8

Corporate governance statement

Board / Company Secretary

A corporate governance statement must be prepared for the directors' report, including a description of internal control/risk management systems for financial reporting and a diversity policy (or explanation if none exists).

Для отчета совета директоров необходимо подготовить заявление о корпоративном управлении, включающее описание систем внутреннего контроля и управления рисками в сфере финансовой отчетности, а также политику обеспечения разнообразия (или объяснение в случае ее отсутствия).

DTR 7.2.2R–7.2.7RFPPP scope — ESG
What discharges it

process document Review the draft Corporate Governance Statement against applicable DTR and UK Corporate Governance Code requirements.

5.9

Sustainability reporting process

In free scanESG

A documented process must exist for preparing the sustainability section of the Annual Report, ensuring compliance with the UK Corporate Governance Code and other applicable ESG-related regulations (including TCFD-aligned disclosures).

Должен существовать задокументированный процесс подготовки раздела годового отчета, посвященного вопросам устойчивого развития, обеспечивающий соблюдение Кодекса корпоративного управления Великобритании и других применимых нормативных требований в области ESG (включая раскрытие информации в соответствии с TCFD).

DTR 7.2.2R–7.2.7RDTR 4.1.3RUKLR 2.2.1R — Listing Principle 1FPPP scope — ESG
What discharges it

process document Review the documented sustainability reporting procedure, reporting calendar, responsibilities, approval controls, and supporting evidence.

06

Significant transaction complexity

ICAEW §E · 6 criteria

Procedures for transactions carrying significant accounting complexity, financial exposure or risk — including related party transactions, which are where a listing goes wrong quietly.

6.1

Significant transaction policy

In free scanLegal

A formal written policy for identifying significant transactions must exist — defining what constitutes a significant transaction under UKLR rules.

Должна существовать формальная письменная политика выявления существенных сделок, определяющая, что относится к существенным сделкам согласно Правилам листинга Великобритании (UKLR).

UKLR 7UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §EFPPP scope — Significant transactions
What discharges it

policy Defines what constitutes a significant transaction, states the class tests applied, and names who performs the assessment and when.board approved

6.2

Accounting and tax on complex deals

CFO / Finance

A process for assessing the accounting and tax implications of complex transactions must be documented (M&A - Mergers & Acquisitions, disposals, joint ventures, financial instruments, related-party transactions).

Должен быть задокументирован процесс оценки учетных и налоговых последствий сложных сделок (слияния и поглощения, продажи активов, совместные предприятия, финансовые инструменты, сделки со связанными сторонами).

UKLR 24.3.2R(5)UKLR 7ICAEW TECH 14/14CFF App.1 §E(a)
What discharges it

process document States who assesses accounting and tax implications, at what point in the transaction, and how the assessment reaches the board before commitment.

6.3

External advisor engagement

Strategy

A process for engaging and managing external advisors for complex matters must be documented.

Должен быть задокументирован процесс привлечения внешних консультантов по сложным вопросам и управления их работой.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §E(f)
What discharges it

process document Covers selection, scoping and approval of advisors, and states who is accountable for considering and acting on the advice received.

6.4

Transaction approval chain

CFO / Finance

A formal approval process must exist: CFO review → Audit Committee review → Board approval, for significant transactions.

Должен существовать формальный процесс согласования существенных сделок: рассмотрение финансовым директором → рассмотрение Комитетом по аудиту → утверждение Советом директоров.

UKLR 7UKLR 2.2.1R — Listing Principle 1DTR 7.1.1R–7.1.3RICAEW TECH 14/14CFF App.1 §B(g)FPPP scope — Significant transactions
What discharges it

process document Sets out the approval sequence with the threshold that triggers each stage.must have operated: Committee and board minutes for the most recent significant transaction, in sequence.

6.5

Related-party transactions

In free scanLegal

Related-party transaction procedures must be documented — covering identification, assessment, approval, and disclosure.

Должны быть задокументированы процедуры по сделкам со связанными сторонами, охватывающие выявление, оценку, согласование и раскрытие информации.

UKLR 8UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §EFPPP scope — Significant transactions
What discharges it

register A maintained related-party register plus the documented procedure covering identification, assessment against the threshold, approval, and disclosure.no older than 6 months

6.6

Listing-rule compliance monitoring

Legal

Compliance monitoring with UKLR (UK Listing Rules) significant transaction rules must be in place, with exceptions reported to the Board.

Должен быть организован мониторинг соблюдения правил UKLR в отношении существенных сделок с доведением информации об исключениях до Совета директоров.

UKLR 7UKLR 8UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §E(g)
What discharges it

process document Names who monitors compliance, on what cycle, and how exceptions are reported to the board.named owner

07

Strategic projects and initiatives

ICAEW §F · 8 criteria

Oversight of the capital projects and initiatives with material financial consequences — appraisal, monitoring, tax, and getting them into the right accounting period.

7.1

Investment appraisal

In free scanStrategy

An investment appraisal process must exist for major capital projects — covering strategic fit, financial viability, risk assessment, and Board approval.

Должен существовать процесс оценки инвестиций для крупных капитальных проектов, охватывающий стратегическое соответствие, финансовую состоятельность, оценку рисков и утверждение Советом директоров.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §B(h)FPPP scope — Strategic projects
What discharges it

process document Requires strategic fit, financial viability and risk assessment in every proposal, and names the approval threshold at which the board decides.board approved

7.2

Project management framework

Strategy

A project management framework must be in place with defined milestones, budgets, timelines, and responsible owners.

Должна быть внедрена система управления проектами с определенными контрольными точками, бюджетами, сроками и ответственными лицами.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(a)
What discharges it

framework document Defines milestones, budget control, timelines and a named owner per project, with the route by which project reporting reaches the board.named owner

7.3

CapEx reporting

In free scanCFO / Finance

Capital expenditure reporting must track actual spend and commitments against approved budgets — reported to the Board regularly.

Отчетность по капитальным затратам должна отслеживать фактические расходы и принятые обязательства в сравнении с утвержденными бюджетами и регулярно представляться Совету директоров.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(b)FPPP scope — Strategic projects
What discharges it

report pack CapEx reporting showing actual spend AND outstanding commitments against approved budget, in a pack the board received.no older than 3 months

7.4

Contractor monitoring

Strategy

A contractor and supplier approval and performance monitoring process must be documented.

Должен быть задокументирован процесс одобрения подрядчиков и поставщиков и мониторинга их работы.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(g)
What discharges it

process document Covers approval and onboarding, and states how contractor performance is monitored against the scope and reported.

7.5

Asset economic lives

CFO / Finance

A process for measuring and formally assessing the economic lives of assets must exist (aircraft, fleet, logistics infrastructure).

Должен существовать процесс определения и формальной оценки сроков экономической службы активов (воздушные суда, транспортный парк, логистическая инфраструктура).

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(f)
What discharges it

process document States how economic lives are set and reviewed, and documents the basis for asset replacement decisions.

7.6

Project tax assessment

CFO / Finance

Tax implications of strategic projects must be formally assessed and documented before commitment.

Налоговые последствия стратегических проектов должны быть формально оценены и задокументированы до принятия обязательств.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(c)
What discharges it

process document Requires a documented tax assessment before commitment, and names who performs and reviews it.

7.7

Project period cut-off

CFO / Finance

A process must exist to ensure strategic project transactions are recorded in the correct accounting period.

Должен существовать процесс, обеспечивающий отражение операций по стратегическим проектам в правильном отчетном периоде.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(d)
What discharges it

process document Sets out the cut-off procedure for project accruals, capitalisation and commitments, and who verifies it at each close.

7.8

Project reporting up to date

Strategy

A process of reporting of strategic projects must be maintained up to date.

Процесс отчетности по стратегическим проектам должен поддерживаться в актуальном состоянии.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §F(e)
What discharges it

report pack The most recent project report, dated, showing status against milestones and budget.no older than 3 months

08

Financial accounting and reporting

ICAEW §G · 7 criteria

Compliance with IFRS and with the external reporting obligations of a listed company — including the market abuse machinery that has to work from day one.

8.1

IFRS accounting policies

GateIn free scanCFO / Finance

IFRS-compliant accounting policies must be formally documented, Board-approved, and applied consistently across all group entities.

Учетная политика, соответствующая МСФО, должна быть формально задокументирована, утверждена Советом директоров и последовательно применяться во всех компаниях Группы.

UKLR 24.3.2R(5)UKLR 20.2.4ARICAEW TECH 14/14CFF App.1 §G(a)
What discharges it

policy A group IFRS accounting policy manual, board-approved, with evidence it is the manual each perimeter entity actually applies.board approved · per entity

8.2

Standards monitoring

CFO / Finance

A process for monitoring new or updated IFRS standards and communicating policy changes must be in place.

Должен быть внедрен процесс мониторинга новых и обновленных стандартов МСФО и доведения изменений учетной политики до заинтересованных лиц.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §G(c)
What discharges it

process document Names who monitors standard-setting, how impact is assessed, and how policy changes are communicated to the entities that must apply them.named owner

8.3

Key judgements and estimates

In free scanCFO / Finance

Key areas of judgement and estimation uncertainty must be identified and documented (asset lives, impairment, provisions, revenue recognition, leases).

Ключевые области профессионального суждения и неопределенности оценок должны быть выявлены и задокументированы (сроки службы активов, обесценение, резервы, признание выручки, аренда).

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §G(d)
What discharges it

process document A schedule of key judgements and estimates with, for each, the assumption used, the basis for it, and who approved it.

8.4

Reporting timetable and deadlines

In free scanCFO / Finance

A timetable and process for preparing half-year and annual financial statements must be documented with roles assigned, meeting statutory deadlines.

Должны быть задокументированы график и процесс подготовки полугодовой и годовой финансовой отчетности с распределением ролей и соблюдением установленных законом сроков.

UKLR 24.3.2R(5)DTR 4.1.3RDTR 4.2.2RICAEW TECH 14/14CFF App.1 §G(e)FPPP scope — Financial accounting and reporting
What discharges it

process document A reporting calendar working back from the DTR deadlines, with each step owned by a named individual and the review and approval gates marked.named owner

8.5

Disclosure and audit committees

In free scanBoard / Company Secretary

A finance team, Disclosure Committee, and Audit Committee must be established with documented terms of reference and clear decision-making authority.

Должны быть созданы финансовая команда, Комитет по раскрытию информации и Комитет по аудиту с задокументированными положениями и четкими полномочиями по принятию решений.

UKLR 2.2.1R — Listing Principle 1DTR 2.2.1R (with MAR Art. 17)DTR 7.1.1R–7.1.3RFPPP scope — Financial accounting and reporting
What discharges it

terms of reference Terms of reference for the disclosure committee and the audit committee, stating membership, quorum and decision-making authority.board approved

8.6

MAR and inside information

GateIn free scanLegal

MAR (Market Abuse Regulation) compliance procedures must be in place: insider lists maintained and updated; PDMR (Person Discharging Managerial Responsibilities) notification process; process for identifying and disclosing inside information to the market, including holding announcements where needed.

Должны быть внедрены процедуры соблюдения Регламента о злоупотреблениях на рынке (MAR): ведение и актуализация списков инсайдеров; процесс уведомлений для лиц, выполняющих управленческие функции (PDMR); процесс выявления и раскрытия инсайдерской информации рынку, включая предварительные объявления при необходимости.

DTR 2.2.1R (with MAR Art. 17)DTR 2.2.9GUKLR 2.2.1R — Listing Principle 6FPPP scope — Financial accounting and reporting
What discharges it

register A maintained insider list, plus documented procedures for PDMR notifications and for assessing, escalating and disclosing inside information — including when to issue a holding announcement.named owner

8.7

External reporting ownership

Investor Relations

External reporting responsibilities must be formally assigned to named individuals, with deadlines monitored.

Обязанности по внешней отчетности должны быть формально закреплены за конкретными лицами с контролем сроков исполнения.

UKLR 24.3.2R(5)DTR 4.1.3RDTR 4.2.2RICAEW TECH 14/14CFF App.1 §G(e)
What discharges it

process document Each external reporting obligation mapped to a named individual with its deadline, and a record of how compliance is monitored and delays investigated.named owner

09

IT environment

ICAEW §H · 8 criteria

The systems, controls and infrastructure that produce FPP information — access, segregation of duties, resilience, and the third parties the group depends on.

9.1

Cybersecurity policy

IT

A cybersecurity policy and framework must be documented, implemented, and reviewed regularly.

Политика и система обеспечения кибербезопасности должны быть задокументированы, внедрены и регулярно пересматриваться.

UKLR 2.2.1R — Listing Principle 1UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §HFPPP scope — IT environment
What discharges it

policy A cybersecurity policy with a stated review cycle and evidence of the most recent review.board approved · no older than 12 months

9.2

Logical access controls

In free scanIT

Logical access controls must be in place for all key financial applications — restricting access to authorised users only.

Для всех ключевых финансовых приложений должны быть внедрены средства логического контроля доступа, ограничивающие доступ только уполномоченными пользователями.

UKLR 24.3.2R(5)UKLR 2.2.1R — Listing Principle 1ICAEW TECH 14/14CFF App.1 §H(i)
What discharges it

system config A current user access list for each key financial application, showing access restricted to authorised users, with joiners and leavers reflected.per entity

9.3

Segregation of duties

In free scanIT

User permissions must be formally set up with appropriate segregation of duties — documented and reviewed periodically.

Права пользователей должны быть формально настроены с надлежащим разделением полномочий, задокументированы и периодически пересматриваться.

UKLR 2.2.1R — Listing Principle 1UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §B(i)ICAEW TECH 14/14CFF App.1 §H(i)FPPP scope — IT environment
What discharges it

system config A documented segregation-of-duties matrix and evidence of a periodic access review, including the exceptions it raised and how they were cleared.no older than 6 months · must have operated: The exception log from the most recent review.

9.4

Disaster recovery plan

In free scanIT

A documented disaster recovery plan must exist, covering all systems critical to financial reporting.

Должен существовать задокументированный план аварийного восстановления, охватывающий все системы, критически важные для финансовой отчетности.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §H(f)
What discharges it

process document A disaster recovery plan naming every system critical to financial reporting, with recovery objectives, and evidence it has been approved and communicated.

9.5

Disaster recovery testing

IT

Disaster recovery plans must be tested periodically, with results documented and issues addressed.

Планы аварийного восстановления должны периодически тестироваться, с документированием результатов и устранением выявленных проблем.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §H(g)
What discharges it

test record The most recent DR test record, with results, issues raised, and evidence those issues were addressed.no older than 12 months

9.6

Backup and restore

IT

System backup arrangements must be formally documented and tested.

Механизмы резервного копирования систем должны быть формально задокументированы и протестированы.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §B(r)FPPP scope — IT environment
What discharges it

test record Backup schedule and retention documented, plus a restore test record showing data was successfully recovered.no older than 12 months

9.7

Third-party IT providers

IT

Third-party IT service providers and cloud providers must be formally contracted, assessed, and monitored with defined performance standards.

Сторонние поставщики ИТ-услуг и облачных сервисов должны быть оформлены договорами, оценены и контролироваться с установленными стандартами качества обслуживания.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §H(k)ICAEW TECH 14/14CFF App.1 §H(l)
What discharges it

contract Signed contracts with the material IT and cloud providers, with service levels defined, plus the risk assessment covering data integrity and governance and evidence of performance monitoring.

9.8

Core financial systems documented

In free scanIT

Core financial systems (e.g. ERP - Enterprise Resource Planning, consolidation tools) must be formally reviewed, and key IT processes supporting financial reporting must be fully documented — covering data inputs, system outputs, and interfaces between systems.

Ключевые финансовые системы (например, ERP — системы планирования ресурсов предприятия, инструменты консолидации) должны быть формально проверены, а ключевые ИТ-процессы, поддерживающие финансовую отчетность, полностью задокументированы — включая входные данные, выходные данные систем и интерфейсы между системами.

UKLR 24.3.2R(5)ICAEW TECH 14/14CFF App.1 §H(b)
What discharges it

process document A system landscape document naming the core financial systems, their data inputs and outputs, and every interface between them — flagging which are automated and which are manual.

This is a readiness and gap assessment, prepared as a management tool. It is NOT an assurance opinion, NOT the reporting accountant's private FPPP comfort letter, NOT legal, tax or investment advice, and it does not make any company eligible to list or guarantee any outcome. The sponsor's opinion under UKLR 24.3.2R(5) can be given only by a sponsor, and the FPPP assurance opinion only by an appointed reporting accountant; nothing here substitutes for either. Rule citations are current as of the date shown and the UK listing regime changes — verify against the FCA Handbook before relying on any citation. Evidence tests for areas 1–4 and 6–9 are our considered interpretation of the ICAEW objectives, not an official checklist.