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FRC releases new three-year strategy and annual plan focusing on growth

Copyright © 2025 LexisNexis

Published on: 20 March 2025

Published by LNB News

LNB News 20/03/2025

Document Information

Issue Date: 20 March 2025

Published Date: 20 March 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Reporting Council (FRC) has released its 2025-28 Strategy and 2025-26 Annual Business Plan and Budget on 20 March 2025, outlining changes to support UK economic growth through targeted regulation. The strategy includes reviews of audit firm supervision, expansion of the Scalebox initiative for smaller firms, and preparations for upcoming legislative changes to modernise FRC's statutory powers. The plan aims to improve capital access while maintaining audit, reporting and governance standards, with the regulator adopting a more flexible approach to corporate governance following recent Code revisions.

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