Regulation
Our coverage on Regulation provides essential updates on the rules, standards, and oversight shaping the UK accountancy profession. Accountancy Today reports on developments from the FRC, HMRC, ICAEW, and other regulatory bodies, covering audit reform, tax compliance, AML obligations, and professional conduct. Designed for accountants, partners, and compliance leaders, our editorial offers clear analysis of regulatory change — helping firms maintain integrity, manage risk, and uphold best practices in a complex and evolving environment.
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Jun- 2025 -30 JunePeople Moves
FRC’s executive director of supervision steps down
FRC has announced that Sarah Rapson, executive director of supervision at the Financial Reporting Council (FRC), is stepping down from her role later this year. Following her departure she will become chief executive of the Solicitors Regulation Authority (SRA). Rapson, who joined the FRC in 2021, also served as deputy…
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27 JuneBusiness
VC and PE drive record UK circular economy investment, says BDO
Investors led by venture capital and private equity firms have injected a record amount of capital into the UK’s growing circular economy sector, according to research from BDO. British circular economy businesses attracted £2.2bn in disclosed funding last year, a 64% increase on 2023’s figure, with 2024’s total boosted by…
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12 JuneComment
What accountancy can learn from financial services on knowing your client
Regulatory Background for Change In 2012 the FCA pushed financial advisers to move from a “commission” model to a fee-based model, in an effort to improve customer outcomes. One outcome for the financial services industry was the requirement to enhance their “know your client” or KYC process. Simply put, if…
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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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11 JunePeople Moves
Old Mill makes three partner promotions
Old Mill has promoted three senior staff to partner, taking the total number of partners at the South West-based accountancy firm to 22. From 1 July, rural accountancy specialist Phil Kirkpatrick, financial planner Stuart Coombe and audit specialist David Jones will join the partnership, in a move the company described…
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9 JuneAccounting Standards
ACCA calls for simplification of EU sustainable financial reporting rules
Global accountancy body the Association of Chartered Certified Accountants (ACCA) is calling for the simplification of European Union sustainable financial reporting rules. ACCA has told the European Commission (EC) that the nature of its sustainable finance disclosure rules is hindering the sustainability practices of some businesses. To achieve effective implementation…
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9 JuneBusiness
UK still most attractive location for foreign investment, EY finds
The UK continues to be Europe’s most attractive location for foreign direct investment (FDI) into financial services, according to EY’s latest Attractiveness Survey for Financial Services. This comes despite total project numbers across Europe falling 11% year-on-year from 329 projects in 2023 to 293 projects in 2024. Although the UK…
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3 JunePractice Regulation
Insolvency Service revises IVA protocol for ‘greater clarity’
The Insolvency Service has published a revised Individual Voluntary Arrangement (IVA) protocol, with the aim to improve the service currently offered to people in debt. An easy-to-read ‘key facts’ document has been included in the new protocol, and will be given to people in debt before they sign up to…
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May- 2025 -22 MayNews-In-Brief
Today’s news in brief – 22/5/2025
Deloitte UK will reduce bonuses, promotions, and average pay rises for its consulting arm after a year of lower-than-expected profits, though slightly higher than the previous year. According to a staff memo, consulting underperformed significantly, prompting a 20% average bonus cut. Audit also missed targets, while tax, legal, and deals…
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22 MayEconomy
Clearer regulation and tax policy will drive wealth sector growth, KPMG finds
Simpler and more predictable regulation, clearer tax policies and improved financial literacy will help drive growth and innovation in the UK’s private banking and wealth management sector, a new report from KPMG has found. The research from KPMG UK, PIMFA and UK Finance has revealed opportunities for how the government…
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