Regulator Profile

FRC

Financial Reporting Council

Enforcement Regulator

3

Areas of regulation

6

Laws enforced

UK-wide

Quick links

Visit official website Email FRC Call 020 7492 2300

Accounting Standards Audit Corporate Governance

What FRC does

Regulates auditors, accountants, and actuaries. Sets UK Corporate Governance Code and Stewardship Code. Monitors corporate reporting and audit quality. Planned to become ARGA (Audit, Reporting and Governance Authority).

Legal framework

Legislation that FRC enforces.

Primary legislation

• Companies Act 2006 Act 2006
• Care Act 2014 Act 2014

Secondary legislation

• Companies (Accounts and Reports) (Amendment) Regulations 2008 UK Statutory Instrument 2008
• Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 UK Statutory Instrument 2013
• Statutory Auditors and Third Country Auditors Regulations 2016 UK Statutory Instrument 2016
• Companies (Miscellaneous Reporting) Regulations 2018 UK Statutory Instrument 2018