Following on from the UK Financial Reporting Council (FRC) publishing its plan and budget for 2024-25 earlier this year, the King’s Speech in July signalled that the long-awaited transition of the FRC to a new Audit, Reporting and Governance Authority could now be firmly on the horizon. In an effort to strengthen audit
The British Steel Pension Scheme: Recent Developments
The British Steel Pension Scheme (BSPS) saga continues to generate headlines with the redress scheme still in progress, enforcement action ongoing against advisers and complaints against the Financial Conduct Authority (FCA) currently under review. Most recently, as set out in more detail below:
- the FCA has provided an update on efforts
New briefing note – FRC Plan 2024-2025: Enforcement Aspects
Earlier this year the UK Financial Reporting Council (FRC) published its plan and budget for 2024-25 (the 24-25 Plan), setting out its revised strategic objectives. The FRC is aiming for a year of “consolidation and prioritisation”, with a key priority being to further embed the FRC’s ‘growth duty’ into all regulatory decision