Regulatory

The Financial Reporting Council (FRC) has finalised its 2025/26 annual review of FRS 101, concluding that no major structural changes are required for the reduced disclosure framework.

UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.

The Financial Conduct Authority (FCA) is reviewing how consumer investment firms support bereaved customers, amid concerns that fewer than half (47%) of bereaved customers felt they received the support they needed from financial firms.

The Financial Conduct Authority has launched a market-wide review into claims management companies (CMCs) and law firms, citing mounting concerns that consumers are being let down by aggressive marketing, misleading advertising and unfair exit fees.

The Financial Reporting Council (FRC) has published the final revisions to two cornerstone UK auditing standards governing how auditors approach fraud risk and the assessment of an entity's ability to continue as a going concern. The updated standards, ISA (UK) 240 and ISA (UK) 570, were issued on 3

The Financial Conduct Authority (FCA) has carried out its first operation with partners to disrupt illegal peer-to-peer crypto trading across multiple London locations.

Firms will benefit from reduced costs and greater flexibility, and find it easier to comply with the Senior Managers and Certification Regime (SM&CR), following reforms set out today by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

The Financial Reporting Council (FRC) has told audit firms in the UK to report any plans to sell stakes in their businesses to private equity.  Richard Moriarty, chief executive of the FRC, wrote this week to the bosses of the UK’s top accounting firms stating that the FRC was not against

The FCA has published guidance for memes, reels and gaming streams promoting financial services. The regulator has set out how adverts across social media channels must be fair, clear and not misleading, meaning they must have balance and carry the right risk warnings so people can make well informe

HMRC has revealed that it will not appeal against Loose Women presenter Kaye Adams' court win over IR35 rules.

A review by the Financial Conduct Authority (FCA) has found that while most Authorised Fund Managers (AFMs) have made efforts to comply with the FCA’s expectations on the design, delivery, and disclosure of their ESG and sustainable funds, further improvement is needed. The FCA is publishing t

The Financial Reporting Council (FRC) has announced the Audit Committees and the External Audit: Minimum Standard, which comes after careful consideration of the consultation responses received from stakeholders.The consultation on the draft proposal for the Minimum Standard was launched by the FRC

With fewer than 90 days to go until the start of the Consumer Duty the Financial Conduct Authority (FCA) has urged firms to ensure they are ready for the 31 July deadline. In a speech Sheldon Mills, executive director of consumers and competition at the FCA, warned that firms who ignore the Duty or

The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Deloitte of the consolidated financial statements of Joules Group plc. The investigation concerns the audit conducted byt he Big Four firm for the year ended 30 May 2021.

The Financial Reporting Council (FRC) has fined KPMG and its audit engagement partner Anthony Sykes £1.75 million and £75,000 respectively for failures in relation to its audit of the financial statements of TheWorks.co.uk plc. The Executive Counsel of the FRC has issued a Final Settleme