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Policy Related Party 2022Policy Related Party 2022INFORMATION ABOUT THIS DOCUMENT Record NumberD22/14106Document Ownership Financial OfficerDocument Development OfficerChief Financial OfficerReview

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What is new related party disclosure?

New related party disclosure refers to the requirements for companies to disclose transactions and relationships they have with parties that may influence their financial statements or operations, ensuring transparency and avoiding conflicts of interest.

Who is required to file new related party disclosure?

All publicly traded companies and certain private entities that meet specific criteria are required to file new related party disclosures as part of their financial reporting obligations.

How to fill out new related party disclosure?

To fill out new related party disclosure, companies need to provide detailed information about related parties, the nature of the relationships, the transactions that occurred with those parties, and the terms of the transactions.

What is the purpose of new related party disclosure?

The purpose of new related party disclosure is to provide investors and stakeholders with clear insights into potential conflicts of interest and the impact of related party transactions on a company's financial performance.

What information must be reported on new related party disclosure?

The information that must be reported includes the identity of related parties, the nature of the relationship, the transaction amounts, and the terms and conditions under which transactions occurred.

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