Regulator profile
FRC
Financial Reporting Council
Enforcement Regulator3 areas of regulation · 6 laws enforced · UK-wide
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).
Contact FRC
Types of regulation
Accounting Standards
Audit
Corporate Governance
Legal framework
Legislation that FRC directly enforces.
Primary legislation
- Companies Act 2006 Act 2006
- Local Audit and Accountability Act 2014 Act 2014
Secondary legislation
- The Large and Medium-sized Companies and Groups (Accounts and Reports) 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
Related legislation
Legislation connected to FRC's remit but not directly enforced — establishing Acts, amendments, referenced legislation, and context.
Establishing / enabling
-
CAICEA 2004
UK Act of Parliament 2004 -
Statutory Auditors (Delegation of Functions ) Order 2008
UK Statutory Instrument 2008 -
The Statutory Auditors (Delegation of Functions etc) Order 2008 (revoked)
UK Statutory Instrument 2008
Administered / monitored
Amendments / commencements
-
The Accounts and Reports (Amendment) (EU Exit) Regulations 2019
UK Statutory Instrument 2019 -
The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019
UK Statutory Instrument 2019 -
Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020
UK Statutory Instrument 2020 -
The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020
UK Statutory Instrument 2020
Referenced in enforcement
-
Company Directors Disqualification Act 1986
UK Act of Parliament 1986 -
Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008
UK Statutory Instrument 2008 -
Small Companies and Groups (Accounts and Directors' Report) Regulations 2008
UK Statutory Instrument 2008 -
Economic Crime and Corporate Transparency Act 2023
UK Act of Parliament 2023
Coverage area
UK-wide