FCA and FRC sign MoU on co-operation and co-ordination

Regulatory Updates | 22/05/18

The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) have signed a memorandum of understanding (MoU) to assist co-operation and co-ordination between the bodies by setting out the respective statutory regulatory responsibilities and the arrangements for the exchange of relevant information. Its purpose is also to aid transparency and understanding on how the FRC and FCA work, for firms, Parliament and the public.