News

This page list press notices and announcements issued by the FRC.

1719 pages found.

• Roundtable invitation: UK Stewardship Code 2020 review

  As part of the Financial Reporting Council (FRC)’s review of the UK Stewardship Code 2020, the FRC is holding a series of roundtable discussions on the efficacy of the 2020 Code. We would like to hear of any areas for potential improvement and the extent

  14 March 2024

• Future updates to Corporate Governance Code Guidance

  Following the publication of the revised UK Corporate Governance Code earlier this year the FRC updated the guidance, turning it into a live document containing links to relevant publications.

  6 March 2024

• Pre-Emption Group reports widespread adoption of new principles

  5 March 2024

• Sanctions against KPMG LLP and audit partner

  The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against KPMG and Adrian Wilcox (the audit engagement partner) in respect of their statutory audit of M&C

  4 March 2024

• FRC welcomes Bill Butler’s appointment as Chair of Public Sector Audit Appointments

  The Financial Reporting Council (FRC) has today welcomed the appointment of Bill Butler as the new Chair of Public Sector Audit Appointments Limited (PSAA) who takes over from Steve Freer on 1 April 2024.

  1 March 2024

• Statement: FRC policy update - launch of the UK Stewardship Code 2020 review

  As stated in the FRC’s Policy Statement on November 7, 2023, and now that the revised Corporate Governance Code has been published, the FRC is undertaking a fundamental review of the UK Stewardship Code 2020 (the Code) to ensure it supports growth and the UK’s competitiveness. As part of the review process, we are seeking views from all stakeholders on whether the Code, in its current format, is being used by asset managers, asset owners and other signatories to the Code in a manner that drives better stewardship outcomes from engagement with issuers across all asset classes.

  27 February 2024

• FRC announces successful signatories to UK Stewardship Code

  The Financial Reporting Council (FRC) has today announced the successful signatories to the UK Stewardship Code following the latest round of applications. There are now 273 signatories to the Code, representing £43.3 trillion assets under management. This includes 188 asset managers, 66 asset owners and 19 service providers. 81 organisations successfully renewed their signatory status and one organisation was added*.

  21 February 2024

• FRC welcomes the appointment of Owen Mapley as the CEO of CIPFA

  16 February 2024

• FRC consultation on proposed changes to Technical Actuarial Standard 200

  The Financial Reporting Council (FRC) has today published a consultation on proposed revisions to Technical Actuarial Standard 200 (TAS 200) to streamline the standard and ensure it reflects recent regulatory developments in the insurance industry.

  16 February 2024

• FRC publishes revised version of Actuarial Standard Technical Memorandum 1

  The Financial Reporting Council (FRC) has today published a revised version of Actuarial Standard Technical Memorandum 1 (AS TM1).

  9 February 2024

• FRC supports consultation on proposals to tackle local audit backlog

  The Financial Reporting Council (FRC) is supporting the Department for Levelling Up, Housing and Communities (DLUHC) to engage stakeholders on a consultation launched today, aimed at tackling the backlog in local audit and reporting.

  8 February 2024

• FRC takes systemic look at barriers to competition in UK audit market

  The Financial Reporting Council (FRC) has today published a summary of key findings and potential actions from research it commissioned into barriers to entry and growth faced by audit firms in the UK.

  1 February 2024

• Review of reporting by the UK’s largest private companies

  The Financial Reporting Council (FRC) has today published its review of reporting by the UK’s largest private companies.

  31 January 2024

• FRC publishes guidance for UK Corporate Governance Code 2024

  The Financial Reporting Council (FRC) has today published targeted and digitally accessible guidance to support companies applying the UK Corporate Governance Code 2024, launched earlier this month.

  29 January 2024

• FRC Revises UK Corporate Governance Code

  The Financial Reporting Council (FRC) has today announced important revisions to the UK Corporate Governance Code (the Code) that enhance transparency and accountability of UK plc and help support the growth and competitiveness of the UK and its attractiveness as a place to invest.

  22 January 2024