FRC makes minor amendment to Auditor Regulatory Sanctions Procedure and the Crown Dependencies’ Recognised Auditor Sanctions Procedure
News types: Operating Procedures
Published: 30 July 2026
The Financial Reporting Council (FRC) is to make a minor amendment to the Auditor Regulatory Sanctions Procedure (ARSP) and Crown Dependencies' Recognised Auditor Sanctions Procedure (CD RASP)[1] .
The amendment will transfer the responsibility to appoint a secretary to an Independent Sanctions Tribunal from the FRC’s Conduct Committee to the FRC’s People Committee, with effect from 1 November 2026.
The amendment will be made to paragraph 14.3 of the ARSP and CD RASP, which appear in identical terms.
Taking effect from Monday 1 November 2026, the reference to “The Conduct Committee” will be amended to “The People Committee”, and as a result, paragraph 14.3 will read as follows:
"14.3 The People Committee will appoint a secretary to an Independent Sanctions Tribunal to administer the Tribunal"
Footnotes
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[1]
Pursuant to paragraph 24.1 of the ARSP and CD RASP.