UK SRS reporting software — from the output backwards

Start with the record

What should UK SRS software produce?

Map each applicable UK SRS S1 or S2 disclosure to its source data, judgement, control and evidence.

For a UK-listed issuer in scope, the FCA’s final rules use comply or explain; they do not certify software.

Before the contract

What should a vendor demonstrate?

Ask it to trace a disclosure to the relevant UK SRS paragraph, retain assumptions and evidence, export the record, and distinguish UK SRS text from IFRS text where amendments differ.

Also check permissions, data retention, access controls, export format, contract exit and whether estimates are distinguishable from measured data.

What a system may cover

Which software layer handles each job?

Separate measurement, data collection, disclosure assembly and tagging in the demo; a single product label does not show which layer is actually supported.

Key points

Software claims, checked

• Start with the framework, regulation or target process that applies.
• Trace one figure from its source through method, review and final output.
• Ask vendors to substantiate their own claims; do not treat software as certification.
• Keep an exportable evidence trail and confirm the contract exit path.