This guide explains when somebody or an organisation is considered connected or related, what types of transactions might be related party transactions and which ones must be reported in annual financial statements, as well as the extent of the disclosures required.

Latest version updated July 2015

The content of guides is correct at the time stated above but inevitably legal changes, case law and new financial reporting standards will change. You are therefore advised to check any particular actions you plan to take with the appropriate authority before committing yourself. No responsibility is accepted by the authors for reliance placed on the content of this guide.