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of <h1>Mandatory related-party relationship and transaction disclosures in financial statements, detailing control links, key terms, and confidentiality carve-outs.</h1> Prescribes mandatory disclosure of related party relationships and related party transactions in standalone and consolidated financial statements, defining 'related party', 'control', 'significant influence', 'key management personnel', 'relative', and the covered relationship categories, while excluding specified relationships and ordinary counterparties. Requires disclosure of the name and nature of relationship where control exists even if no transactions occur, and where transactions occur, disclosure of the transacting related party, relationship, nature, volume, outstanding balances and provisions, and write-offs/write-backs, with aggregation permitted by type of related party subject to materiality and non-obscuring of significant items. Disclosures are not required where prohibited by statutory/regulatory confidentiality duties; intra-group transactions are not disclosed in consolidated statements; and state-controlled enterprises need not disclose transactions/relationships with other state-controlled enterprises.
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