Auditing in the age of artificial intelligence (AI) has seen a watershed moment with the UK Financial Reporting Council’s (FRC) release of sign-of-the-times guidance on documenting and deploying AI tools.
The UK Financial Conduct Authority (FCA) has unveiled its boldest move yet to support AI in financial services: a new “Supercharged Sandbox” developed in partnership with tech heavyweight NVIDIA. Announced earlier this week, the initiative gives firms a secure space to experiment with artificial intelligence—equipped with top-tier computing power, better data, and tailored regulatory guidance.
The UK Financial Conduct Authority (FCA) continues its crusade against regulatory red tape. On 6 June, the regulator proposed cutting down additional regulatory returns, aiming to ease the reporting load on firms and bolster economic growth.
AI is coming fast—and so are the questions. Who’s responsible when it goes wrong? What’s good practice in a sea of grey areas? And how do we harness the tech without losing public trust?
In May 2025, the UK’s Financial Reporting Council (FRC) published its Feedback Statement on “Opportunities for Future UK Digital Reporting,” summarising responses to its consultation that closed in November 2024.
The UK’s Financial Conduct Authority (FCA) is running a survey this May to gather user feedback on the National Storage Mechanism (NSM).
The UK’s Financial Reporting Council (FRC) has published its 2024/25 review of structured digital reporting, offering a timely pulse-check on how UK companies are performing under Inline XBRL reporting requirements.
This week the UK’s Financial Reporting Council (FRC) announced the launch of a new quarterly consultation schedule, starting next month in May. The move is aimed at giving stakeholders greater predictability and helping them engage more effectively with regulatory proposals.
Last month the UK Financial Conduct Authority (FCA) officially launched My FCA, a new digital portal designed to make it easier for authorised firms to manage regulatory reporting and compliance tasks. The platform brings together access to Connect, RegData, and the Online Invoicing System under a single sign-in, significantly simplifying the user experience.
The UK Financial Reporting Council (FRC) has introduced Provision 29 in its revised UK Corporate Governance Code, requiring listed companies to make an explicit declaration on the effectiveness of their risk management and internal control frameworks in their 2026 annual reports.
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