The Financial Reporting Council (FRC) has issued a Staff Guidance Note in response to the Financial Conduct Authority’s (FCA) revised UK Listing Rules (UKLR), which took effect in July 2024.
The UK Financial Reporting Council (FRC) has reviewed the first round of mandatory Climate-related Financial Disclosures (CFD) from AIM-listed and large private companies, finding significant variation in quality. While companies have made efforts to comply, many disclosures lacked clarity, consistency, and depth.
At the recent RegTech Summit in London, James Benford from the Bank of England (BoE) outlined the institution’s ambitious plans to revolutionise data collection and its use across the financial sector.
Last month, the Financial Reporting Council (FRC) released a discussion paper aimed at gathering stakeholder insights on key developments that could shape the future of digital reporting in the UK.
The UK’s Financial Conduct Authority (FCA) has opened a consultation to gather feedback on proposed enhancements to the National Storage Mechanism (NSM). The NSM, similar to the US EDGAR system or Japan’s EDINET, is the central repository for all regulated company disclosures in the UK.
Earlier this month the UK’s Financial Reporting Council (FRC) announced a significant restructure, establishing two new functions: Market Intelligence and Insights, and Digital Reporting and Taxonomies.
Ashley Alder, Chair of the Financial Conduct Authority (FCA), recently delivered a speech at the Bloomberg Buy-side Forum detailing the FCA’s plans to revise UK asset management regulation. This initiative aims to adapt EU regulations to suit the UK market.
The Financial Conduct Authority (FCA) has confirmed anti-greenwashing guidance and proposed extensions to its sustainability framework. These initiatives aim to safeguard against greenwashing, helping investors gain a clear picture of claims regarding the sustainability of financial products and services.
Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), spoke at the Digital Regulation Cooperation Forum (DRCF) earlier this month. Rathi addressed key issues surrounding digital regulation in the UK and provided insights into the future direction of regulatory efforts in the face of rapid technological advancement.
In a recent Statistical Notice (2024/04) the Bank of England provided important updates regarding Form IPA UAT Testing and XBRL Migration.
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