This website uses cookies for analytics and functionality purposes. To change your cookie settings or find out more, click here. If you continue browsing our website, you accept these cookies.
News May 2013 Notice: European Home Retail plc and Farepak Foods and Gifts Limited, William Rollason, Member of IC

Notice: European Home Retail plc and Farepak Foods and Gifts Limited, William Rollason, Member of ICAEW

21 May 2013

PN 050

A disciplinary hearing of the Formal Complaint against William Rollason,  a member of the ICAEW, who was chief executive of European Home Retail plc and was a director of Farepak Foods and Gifts Limited, is listed to commence on 7 June 2013 at The International Dispute Resolution Centre Limited, 70 Fleet Street, London EC4Y 1EU. The hearing will commence at 10:00hrs and is listed until 13 June 2013.

Notes to editors:
  1. The FRC is responsible for promoting high quality corporate governance and reporting to foster investment.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.  We represent UK interests in international standard-setting.  We also monitor and take action to promote the quality of corporate reporting and auditing.  We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.

  2.  In relation to disciplinary matters, the FRC is the independent, investigative and disciplinary body for accountants and actuaries in the UK dealing with cases which raise important issues affecting the public interest. In brief, the stages of the disciplinary process are:

    • Decision to investigate

    • Investigation

    • Decision whether to bring disciplinary proceedings against Member Firm or Member and, if so decided, referral to Disciplinary Tribunal

    • Tribunal hearing

    • Determination and imposition of sanction and/or costs orders

  3. The FRC can start a disciplinary investigation in one of two ways: (i) the professional bodies can refer cases to the FRC; and (ii) the FRC may decide of its own accord to investigate a matter. The Conduct Committee will consider each case identified or referred to it and decide whether or not the criteria for an investigation are met.

  4. Investigations are conducted by Executive Counsel and the Professional Discipline team within the Conduct Division. If disciplinary proceedings are commenced, Executive Counsel delivers a complaint to the Conduct Committee. The Conduct Committee then instructs the Convener to appoint a Disciplinary Tribunal.

  5. Disciplinary complaints filed following an investigation are heard by an independent Tribunal which will normally sit in public. If the Tribunal upholds a complaint, there is a wide range of sanctions which it can impose including an unlimited fine, exclusion from membership of a professional body covered by one of the Schemes and withdrawal of practising certificates or licences.

Share

Contact the Press Office

Alana SinnenCommunications Manager