FRC Archives

FRC revises corporate governance code

FRC revises corporate governance code January 26th, 2024 The Financial Reporting Council (FRC) has announced revisions to the UK Corporate Governance Code that enhance transparency and accountability, primarily through an update to how boards approach internal controls. The FRC said changes will aim to help support the growth and competitiveness of the UK and its […]

FRC identifies TCFD disclosures as area of focus

The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial year.

FRC scraps ESG policies as audit reforms left out of government agenda

The Financial Reporting Council (FRC) will drop several proposals related to ESG set out in its UK Corporate Governance Code after it was dropped from the government’s legislative agenda for the year ahead.

FRC applauds new reporting requirements

The Financial Reporting Council (FRC) has welcomed the UK government’s draft statutory instrument on corporate reporting, which introduces new requirements for companies.

Blocks spelling out SDR against a green background

FCA delays SDR for second time

The Financial Conduct Authority (FCA) has delayed publishing its final Sustainability Disclosure Requirements (SDR) until Q4 2023.

FRC consults on revisions to UK Corporate Governance Code

The UK’s Financial Reporting Council (FRC) is consulting on revisions to the country’s Corporate Governance Code, with comments requested by 13 September.

FRC announces 2023 Stewardship Code signatories

FRC announces 2023 Stewardship Code signatories February 15, 2023 The UK’s Financial Reporting Council (FRC) has announced another increase in the number of signatories to the 2020 UK Stewardship Code. Today, it announced an increase of 19 signatories. The FRC received 105 applications at the end of October 2022, of which 88 were successful, taking […]

FRC adds 43 firms to UK stewardship code

The UK’s Financial Reporting Council (FRC) has added 43 new signatories to its stewardship code.

TCFD review flags quantitative gaps

The most common reporting gaps for climate-related disclosures are in quantitative elements of the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations, according to the UK’s Financial Conduct Authority (FCA).

Regulators warn Covid-19 could delay UK company reporting

Impact of lockdowns could hold up verification of financial accounts Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) said in a joint statement on 27 January that listed companies whose financial year ended […]