Regulators
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Jun- 2020 -8 June
FRC closes five-year investigation into Tesco
The Financial Reporting Council (FRC) has announced the closure of a five-year investigation into the accountants working within ‘Big Four’…
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May- 2020 -19 May
Number of ‘Dear CEO’-style warning letters issued by the FCA and PRA hits new high
The number of regulatory warning letters issued by the FCA and the PRA, often referred to as ‘Dear CEO letters’,…
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18 May
FRC strengthens corporate governance and stewardship team
The Financial Reporting Council’s (FRC) Corporate Governance and Stewardship Team has been strengthened with two new senior management positions. Maureen…
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1 May
FCA extends SCA implementation for six months amid Covid-19 crisis
The Financial Conduct authority has announced it is giving businesses an additional six months to implement strong customer authentication (SCA)…
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Apr- 2020 -8 April
FCA sets out business priorities for 2020/21
The Financial Conduct Authority (FCA) has set out its business priorities for the year ahead, with specific focus on the…
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2 April
KPMG hit with £700k fine from UK accounting watchdog
The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £700,000 for failing to apply “sufficient professional scepticism ”in…
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Mar- 2020 -23 March
FRC publishes 2020/21 ‘strategy for reform’
The Financial Reporting Council (FRC) has published its strategy for 2020/21, following positive responses to its consultation. The FRC said…
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Feb- 2020 -28 February
Five arrested on suspicion of loan charge fraud
Four men and one woman have been arrested on suspicion of fraud in connection with promoting arrangements designed to get…
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27 February
Insolvency Service bans London restaurateur over tax-avoidance
The boss of a restaurant in Burnt Oak, North West London, has been disqualified for seven years after “deliberately suppressing”…
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25 February
FCA reveals data breach blunder
The Financial Conduct Authority (FCA) has revealed it published “confidential information” to its website in November last year. The regulator…
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