Regulators

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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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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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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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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AAT warns AML overthrow could lead to more economic crime

The AAT has warned that the government must proceed with great caution before potentially tearing up anti-money laundering (AML) processes…

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FCA introduces ‘tough’ new rules for marketing crypto assets

The FCA has announced that those who market crypto assets to UK consumers will need to introduce a ‘cooling-off’ period…

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FCA urges firms to prepare for Consumer Duty deadline

The FCA has urged firms to ensure they are ready for the impending Consumer Duty deadline on 31 July, as…

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FRC outlines three-year plan as costs to rise £6.5m

The Financial Reporting Council (FRC) has published its latest three-year plan, outlining its priorities and objectives for the period 2023-2026.…

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FRC chief leaves to join HS2

CEO of the Financial Reporting Council (FRC) Sir Jon Thompson has resigned from his position to become chair of HS2.…

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MTD for ITSA delayed until April 2026

The government has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), which will represent a change…

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