FRC releases guidance on revised reporting requirements under new FCA rules
News types: Operating Procedures
Published: 31 January 2025
The FRC has issued a new staff guidance note following the introduction of revised UK Listing Rules by the FCA in July 2024.
These made significant changes to the regulatory requirements for certain categories of transactions, including removing the need for independent assurance on shareholder circulars.
This Staff Guidance Note assists assurance providers by setting out the FRC's view of how these changes interact with the standards that it issues in relation to engagements performed by reporting accountants, namely the Ethical Standard and the Standards on Investment Reporting (SIRs).