Since making the Reports on Payments to Government Regulations and the introduction of the Financial Conduct Authority rules in December 2014 the government has continued to have discussions with all stakeholders. The most recent meeting between the department, civil society and industry representatives was held in February 2015. I have since spoken to representatives from the Publish What You Pay coalition.<\/p>
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The Government takes extractive transparency very seriously. To support compliance the department has made information available on the gov.uk website. This includes a schema for delivering reports and step by step guidance on how to fill in the report format, both agreed with industry and civil society.<\/p>
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The Government expects companies to comply with the requirements of the Regulations, which set out the enforcement and penalty regime for any company that fails to comply in part or in full.<\/p>
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Reports will be published on the Companies House website in 2016, when all interested parties will be able to consider the reports and their accuracy.<\/p>
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