In the July 2008 issue Response to the current market turmoil Tackling complexity ASB issues FRS 25 amendment and updated FRSSE ASB responds on equity classification Page 1 European statement on the current market turmoil Page 2 FRC tackles complexity in corporate reporting Page 3 Reducing complexity in measurement for financial instruments Page 4 European Developments Page 5 Conceptual Framework Page 6 Update on Current Projects Page 7 ASB amendments to standards Page 8 ASB responds on equity and liability classification Page 9 UITF Update Page 10 SORPs Update   FURTHER INFORMATION For further information on any of these topics please contact Simon Peerless at Aldwych House. Email  s.peerless@frc-asb.org.uk at Aldwych House. The Board's Publications Copies of the Board's publications described within may, except where otherwise stated, be obtained from FRC Publications 145 London Road Kingston upon Thames KT2 6BR Tel: +44(0) 20 8247 1264 Fax: +44(0) 20 8247 1124 Email: customer.services@cch.co.uk Website: http://www.frcpublications.com Accounting Standards Board 5th Floor Aldwych House 71-91 Aldwych London WC2B 4HN Telephone: +44(0) 20 7492 2300 Fax: +44(0) 20 7492 2301