Regulation:Written question - HL8591

Asked on: 13 June 2018
Department for Business, Energy and Industrial Strategy
Regulation
Lords
To ask Her Majesty's Government which (1) public, (2) private, (3) self-regulatory, and (4) other bodies have regulatory responsibility for companies, company law, corporate governance, accounting standards, audit and auditors.
A
Answered by: Lord Henley
Answered on: 22 June 2018

The following UK bodies have regulatory responsibility for companies, company law, corporate governance, accounting standards, audit and auditors:

Public Bodies (under the Government Resources and Accounts Act 2000):

Bank of England (including the Prudential Regulation Authority)

Companies House

Financial Conduct Authority

Financial Reporting Council

Insolvency Service

Other:

Association of Chartered Certified Accountants

Association of International Accountants

Chartered Accountants Ireland

Institute of Chartered Accountants in England and Wales

Institute of Chartered Accountants of Scotland

Takeover Appeal Board

Takeover Panel

This answer does not consider obligations on companies and other businesses generally such as employment regulation, environmental regulation or for reasons of public safety, or those bodies that have general responsibilities in respect of criminal investigations and prosecutions. The categorisation of bodies reflects the categorisation used for government accounting purposes and the application of the requirements of managing public money.

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