By Neil Hodge2023-12-18T18:57:00
The U.K. Financial Reporting Council’s (FRC) long-planned transition to become the Audit, Reporting and Governance Authority (ARGA) appears to be taking place no time soon.
The King’s Speech in November did not include parliamentary time to enact the legislation to create ARGA. The omission signified it is unlikely the FRC’s supposedly tougher replacement will be up and running before 2026/27—a prospect that might seem even more doubtful given there will be a general election by January 2025.
Some might even question whether the legislation will ever be of high enough priority to make it to the statute books.
2024-01-23T12:56:00Z By Kyle Brasseur
The Financial Reporting Council held back on the latest round of updates to the U.K.’s corporate governance code, as the country remains wary of pushing away businesses and investors.
2024-01-23T12:55:00Z By Neil Hodge
Legal experts are unconvinced record fines against audit firms imposed last year by the U.K. Financial Reporting Council will necessarily improve audit quality.
2024-01-22T13:00:00Z By Ruth Prickett
Lawyers and accountants in the United Kingdom have welcomed the publication of The Pensions Regulator’s new pensions code of practice but warned it might not improve the management of those that are not already well run.
2025-08-01T22:31:00Z By Oscar Gonzalez
The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.
2025-08-01T20:07:00Z By Aly McDevitt
The DOJ is warning that simply scrubbing DEI-related words from policy documents or training materials—and replacing them with thinly veiled proxies—will not protect federally funded organizations from legal scrutiny.
2025-07-31T20:37:00Z By Neil Hodge
When growth slows, governments often cut rules to attract investment, as the U.K. has in its financial services sector, which contributes 8.8% of GDP, but easing the “compliance burden” raises concerns about oversight, governance, and prioritizing profits over safety.
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