Due to delays in the formal approval process, BIS are circulating a near final version of the new reporting regulations to help companies proceed with preparations.

Towers Watson’s Guidance Note sets out the key changes since the last formal draft. It also provides an overview of the whole new regime and key immediate steps. The Appendix contains a detailed summary of all the requirements.

As the draft regulations are not available on the BIS website, please contact your regular Towers Watson consultant.