Regulatory

The UK’s accounting watchdog has closed its investigation into the finances of support services contractor Mitie.

The Financial Reporting Council (FRC) has fined Grant Thornton for repeated breaches of ethical standards. Such breaches included failing to maintain its independence over its audit of collapsed alcohol firm Conviviality.

Critics have argued that yesterday's Financial Reporting Council (FRC) order for the UK's Big Four accountancy firms to separate their audit practices has not gone far enough to remove conflicts of interests within big audit companies. Yesterday, Scottish Financial News reported that the FRC had out

The Financial Reporting Council (FRC) has ordered the UK's Big Four accountancy firms to separate their audit practices by June 2024. The FRC has outlined a set of principles for the operational separation of audit functions within PwC, Deloitte, KPMG and EY. The watchdog has ruled that the four&nbs

The Financial Conduct Authority (FCA) has confirmed that motor finance customers, those paying for high-cost credit products such as buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking customers can receive a payment freeze until October this year if they are facing payment difficulties due

Since the start of the coronavirus crisis, audit firms across the UK have introduced a range of additional measures to improve their evaluation of companies’ going concern assessments.

The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

Elevate Credit International Limited (ECIL), a payday lender which sold loans under the Sunny brand, has gone into administration in the UK with Ed Boyle and David Pike of KPMG appointed as administrators of the firm. The lender has blamed its financial difficulties on the coronavirus pandemic, as w

New research by the Financial Conduct Authority (FCA) has found that 2.6 million people in the UK have purchased cryptoassets at some point, marking a 1.1 million increase in buyers since last year.

The Financial Conduct Authority (FCA) is seeking views on establishing a new prudential regime for UK investment firms.

The Financial Conduct Authority (FCA) has launched a consultation on proposals that are designed to promote value for money for the members of workplace personal pension schemes. These proposals aim to make it easier for Independent Governance Committees (IGCs) and Governance Advisory Arrangements (

The Financial Conduct Authority (FCA) is reminding businesses which carry out cryptoasset activity in the UK, that they have to be registered with the FCA to comply with new regulations. To ensure that applications are processed on time the FCA requires firms to submit completed appli

Nikhil Rathi has been appointed as the new permanent chief executive of the Financial Conduct Authority (FCA). 

The Financial Reporting Council (FRC) has announced that Simon Fraser has been appointed as the chair of the Pre-Emption Group (PEG). Mr Fraser has been a longstanding member of the PEG and has a long and distinguished career in investment management and corporate roles, including his current role a

The Financial Conduct Authority (FCA) has announced that credit card, store card, catalogue credit and personal loan customers will be allowed to defer repayments for a further three months.