Regulatory financial statements

Regulatory financial statements are accounts we prepare and submit to Ofcom.

Royal Mail Group Ltd is required, under Condition 15 of the Licence granted by Postcomm on 25 May 2006, to provide regulatory financial statements. Postcomm was created under the Postal Services Act 2000 and established in November 2000 as an independent regulator for the UK postal industry.  Ofcom assumed the industry's regulatory responsibility from Postcomm in November 2011. 

The regulatory financial statements are based on audited statutory accounts, on which the auditors have expressed an unqualified opinion. The statutory accounts comply with Generally Accepted Accounting Principles and the Companies Act.