The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC
Chartered Accountancy firm Wylie & Bisset has welcomed the Debt Arrangement Scheme reforms, which it says will improve accessibility and streamline bureaucracy. A formal Scottish debt solution allowing individuals struggling with debt to repay it back over a longer period, the Debt Arrangem
The Financial Reporting Council (FRC) has today published its latest list of companies whose reports and accounts have been reviewed. The companies reports and accounts have been reviewed by the FRC's Corporate Reporting Review function.
The independent investigation into the approach to, implementation and oversight of the Connaught Income Fund is now up and running and is inviting affected individuals to get in touch. The Financial Conduct Authority (FCA) board committed to a review into the Connaught Fund in 2016,
The Financial Conduct Authority (FCA) has updated and published draft directions under its Temporary Transitional Power (TTP). The TTP gives the FCA flexibility in applying post-Brexit requirements, allowing firms to transition to a new UK regulatory framework.
Transparency reporting by accountancy firms performing audits is currently ineffective, with a lack of awareness amongst investors and audit committee chairs that the reports even exist and many being used as a marketing exercise, the Financial Reporting Council (FRC) has said.
The Financial Conduct Authority (FCA) has announced that Sheree Howard has been appointed as executive director of Risk and Compliance Oversight (R&CO). Sheree is currently interim director of R&CO having joined the FCA as a senior adviser in December 2017. Before joining the FCA, Sheree spe
The Institute and Faculty of Actuaries (IFoA) has launched a new monitoring scheme to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession. The scheme arrives after a consultation held by IFoA, which was welcomed by the Financial Reporting
Anne Whitaker has been appointed to the Financial Reporting Council's (FRC) Conduct Committee and chair of the Audit Quality Review Committee (AQRC). Ms Whitaker was first appointed to the AQRC in 2016 and she replaces David Cannon, who has served as chair of the AQRC and a member of the Conduct Co
New principles to improve the corporate governance of large private companies have been developed by a coalition established by the Financial Reporting Council (FRC) under the leadership of building firm Wates Group. Launched today, the new code was drawn up by chairman James Wates CBE to provide a
Christopher Woolard Competition is working well for most consumers using investment platforms, according to the interim findings of the Financial Conduct Authority's (FCA) market study into investment platforms, published today.