Financial Conduct Authority
Our coverage on the Financial Conduct Authority (FCA) focuses on its regulatory impact on the UK accountancy profession, including enforcement actions, compliance expectations, and evolving governance standards. Accountancy Today reports on the FCA’s oversight of financial services firms, its enforcement powers—ranging from fines to prohibitions—and its role in upholding market integrity. Our editorial provides insights into the FCA’s initiatives, such as the introduction of targeted financial advice to improve consumer access to guidance . This coverage equips accountants, partners, and compliance leaders with the knowledge to navigate the FCA’s regulatory landscape effectively.
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Jul- 2025 -3 JulyAccounting Standards
FCA to tighten rules on bullying and harassment for finance firms
The Financial Conduct Authority (FCA) has confirmed that serious bullying, harassment and violence in financial firms will qualify as misconduct under its rules, as part of measures to strengthen trust in the sector. The regulator said the rules, which currently apply mainly to banks, would be extended on 1 September…
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Jun- 2025 -25 JunePractice
ICAEW urges reporting accountants to adapt for investor confidence boost
The Institute of Chartered Accountants in England and Wales (ICAEW) has published a new paper aimed at evolving the role of reporting accountants in initial public offerings (IPOs) and other capital market transactions. It considers how the reporting accountant’s independent assurance work, which is a “critical” driver of investor confidence…
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11 JunePeople Moves
FCA appoints Sarah Pritchard as deputy CEO
The Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its deputy chief executive officer. The regulator said this new role has been created to reflect its expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms as well as Buy Now Pay Later…
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May- 2025 -9 MayFeatures
Red Tape Removed? Why the FCA’s shake-up could reshape London IPOs
Last week, (28 April) Nikhil Rathi, CEO of the Financial Conduct Authority, revealed in an interview with the Times a number of proposed changes to the regulations around IPOs, aiming to cut red tape in the City. The proposals are looking to make London a more attractive place for companies…
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Apr- 2025 -28 AprilNews-In-Brief
Today’s news in brief – 28/4/2025
Karen Scholes CA has been appointed president of the Institute of Chartered Accountants of Scotland (ICAS) for 2025/26, making her the sixth woman to hold the role in ICAS’ 171-year history. Scholes, partner director of Scholes CA, succeeds Alison Cornwell CA. Her leadership will focus on the evolving role of…
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28 AprilCorporate Finance
FRP Corporate Finance advises on Trust Property sale
FRP Corporate finance has advised UK-based Trust Property Management Group on its sale to PHM Group for an undisclosed sum. Established in 2006, the Trust Group operates in the London metropolitan area and specialises in the management of residential properties and other expert services in the field of property management.…
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28 AprilEconomy
FCA CEO aims to cut red tape to help firms raise money
The Financial Conduct Authority CEO, Nikhil Rathi, has told The Times that he wants to cut red tape in the City, with plans to make it easier for companies to raise money on the public markets. The latest changes mean that companies that are already trading on the stock exchange…
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1 AprilAdvice & Best Practice
DORA in the UK: What tax specialists and their IT providers need to know
January 2025 saw the EU’s Digital Operational Resilience Act (DORA) come into force. Applicable to a wide range of financial entities, DORA aims to improve the digital resilience of financial organisations and their third-party technology providers. UK-based firms operating within the EU must now comply with a comprehensive number of…
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Mar- 2025 -25 MarchNews-In-Brief
Today’s news in brief – 25/3/2025
The Financial Reporting Council (FRC) has fined PwC £4.5m for its inadequate audit of Wyelands Bank’s financial statements for the year ending April 30, 2019. The fine was reduced to £2.89m for PwC’s cooperation. Auditor Jonathan Hinchcliffe was also fined £33,412. The FRC identified failures in risk assessment, compliance audits,…
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Feb- 2025 -6 FebruaryAccounting Firms
Duncan & Toplis appoints new MD to wealth management service
Duncan and Toplis has appointed Peter Wilson as new managing director to lead its financial advice and wealth management team at Castlegate Financial Management, supporting the group’s drive for growth. Wilson joins the group with a wealth of experience in strategic leadership and financial services, having held senior roles with…
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