Regulators
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Mar- 2024 -19 March
FCA sets out business plan for the year ahead
In its business plan for 2024-25, the FCA has set out a programme of work for the final year of…
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12 March
FCA fines IFM £898k for ‘poor advice’ on DB pension schemes
The FCA has fined Inspirational Financial Management Ltd (IFM) £897,840 for poorly advising people to transfer out of defined benefit…
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Dec- 2023 -8 December
FCA needs to ‘manage risk’ to meet commitments, NAO warns
The Financial Conduct Authority (FCA) is making significant changes in response to its new responsibilities and past regulatory failures, but…
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7 December
FRC announces areas of supervisory focus for 2024/25
The priority sectors are construction and materials, food producers, gas, water and multi-utilities, industrial metals and mining and retail. These…
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Oct- 2023 -2 October
Value of fines issued by FRC up 29% in the past year
The value of fines issued by the FRC against auditors has risen by 29% in the past year, from £21m…
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Sep- 2023 -27 September
UK and NZ audit bodies agree mutual recognition of audit qualifications
The UK and New Zealand have signed a first of its kind agreement to recognise audit qualifications in both the…
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11 September
UK insolvency firms to face formal regulation
Insolvency firms face being formally regulated for the first time as ministers seek to establish a new watchdog within the…
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Aug- 2023 -30 August
FRC welcomes record number of Stewardship Code signatories
The Financial Reporting Council (FRC) has announced a record number of successful signatories to the UK Stewardship Code following the…
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22 August
IHT receipts rise to £2.6bn
IHT receipts for April to July 2023 amounted to £2.6bn, which is £0.2bn higher than the same period a year…
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Jul- 2023 -27 July
FRC imposed ‘record’ £40.5m in sanctions in FY22
The FRC has revealed that a record number of cases were resolved in the year 2022/23 that resulted in financial…
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