About the FRC Procedures and Policies Memorandum of Understanding

Memorandum of Understanding

Memorandum of Understanding (MoU) between the Financial Reporting Council and other organisations.

Memorandum of Understanding between The Financial Reporting Council and The Bank of England (PDF)

Memorandum of Understanding between the FRC and the Serious Fraud Office  (PDF)

This Memorandum of Understanding (MoU) concerns the arrangement for co-operation and co-ordination between the Financial Reporting Council (FRC) and the Serious Fraud Office (SFO).
 
Memorandum of Understanding between the FRC and the Financial Conduct Authority (PDF)
This Memorandum of Understanding (MoU) concerns the arrangement for co-operation and co-ordination between the Financial Reporting Council (FRC) and the Financial Conduct Authority (FCA) in carrying out their respective regulatory responsibilities, under the Financial Services and Markets Act 2000 (FSMA), the Financial Services Act 2012 - for the FCA - and various responsibilities including statutory responsibilities under the Companies Act 2006 and the Companies (Audit, Investigations and Community Enterprise) Act 2004 for the FRC.

Memorandum of Understanding between the FRC and the Department for Business, Innovation and Skills (PDF)

Memorandum of Understanding between the FRC and the Institute and Faculty of Actuaries (PDF)

Memorandum of Understanding between the FRC and the Prudential Regulation Authority (PDF)
This Memorandum of Understanding (MoU) concerns the arrangement for co-operation and co-ordination between the Financial Reporting Council (FRC) and the Prudential Regulation Authority (PRA).
 

Memorandum of Understanding between Secretary of State for BEIS, FRC and UK Endorsement Board (PDF)

The Memorandum of Understanding is between the the Secretary of State for Business, Energy and Industrial Strategy (Secretary of State for BEIS), the FRC and the UK Accounting Standards Endorsement Board (UK Endorsement Board).  Its purpose is to set out the responsibilities of each party and set the framework for delivery of the statutory functions delegated by the Secretary of State to the UK Endorsement Board.

Temporary Arrangement

FRC Letter: Temporary Arrangement for exchange of information between FRC and the Insolvency Service (18 January 2018) (PDF)

International Agreements

The FRC has entered into agreements with overseas regulators on cooperation and exchange of information related to the oversight of auditors.