Key takeaways

• Companies in the extractive and logging industries with financial instruments admitted to trading on the London Stock Exchange are now required to prepare an annual report on payments made to governments in each financial year.
• The requirement applies to companies with shares (whether Premium or Standard Listed), depositary receipts or debt securities listed on the London Stock Exchange or another EU regulated exchange if the United Kingdom is the Home State for the company.
• The requirement to prepare the report is effective starting with the financial year that commenced on or after 1 January, 2015.