Regulatory

The Financial Reporting Council (FRC) has announced that Simon Dingemans will step down as chair of the council at the end of May. The FRC has said that as the role was a part-time position, it was agreed as part of his appointment process that Simon Dingemans could take on additional roles provided

The Financial Conduct Authority (FCA) is confirming a series of temporary measures today to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus. Following a short consultation, the targeted measures being implemented require fi

The Financial Reporting Council (FRC) is encouraging firms to make use of the extension announced by the Financial Conduct Authority (FCA) to the deadline for publication of audited annual financial reports from four to six months from the end of the financial year. The body said that companies

Tools for flagging signs of poor quality audits should be used more effectively so timely corrective action can be taken, according to a major review of their use by the Financial Reporting Council (FRC). The FRC’s study looked at the most useful indicators of both poor and good audit quality

The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption insurance to resolve doubt for businesses who are facing uncertainty on their claims. It is also proposing a series of measures to support both consumers and businesses who hold insura

The Financial Conduct Authority (FCA) has extended the deadline for e-commerce businesses to implement strong customer authentication (SCA) in the wake of the coronavirus crisis. Firms will now have an additional six months to implement the systems, meaning the new deadline of 14 September 2021 will

The Financial Conduct Authority (FCA) will be introducing a package of measures outlined last week to support consumer credit customers facing payment difficulties due to coronavirus.

The Financial Conduct Authority (FCA) has today published its final report on the impact of the deadline for PPI complaints which highlights the outcome of the communications campaign which ran for two years. During that time, the campaign was recognised by 32 million people. It significantly increa

The Financial Conduct Authority (FCA) has announced another proposed package of measures targeting motor finance and high-cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now-pay-later (BNPL), rent-to-own (RTO) and pawnbroking.

The Financial Conduct Authority (FCA) has revealed that regulated firms have received a total of 6.02 million complaints in the second half of 2019, marking an increase from 4.29m in the first half of the year.  The FCA said that the increase in complaints was mainly driven by a 75% increase in

Gordon Deane, a partner with legal firm Balfour+Manson, discusses the Financial Conduct Authority's (FCA) guidance on temporary consumer protection in the face of the current coronavirus crisis. The Financial Conduct Authority has implemented temporary measures to offer support to consumers imp

A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection. 

The Financial Conduct Authority (FCA) has today set out its business priorities for the year ahead – with a specific focus on the challenges presented by the coronavirus pandemic. In responding to the challenge of coronavirus the FCA will focus on ensuring that financial services bus