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Regulators

FRC imposed ‘record’ £40.5m in sanctions in FY22

Quality improvements in enforcement investigations also resulted in discounts in headline financial sanctions ranging from 25-43%

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The FRC has revealed that a record number of cases were resolved in the year 2022/23 that resulted in financial sanctions of £40.5m being imposed, according to the council’s Annual Enforcement Review that was published today (27 July).

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