Regulatory Blog

9 July 2020

“Regulation beyond the echo chambers”: who is listening?

Professor Stephen Mayson’s ‘Reforming Legal Services: Regulation beyond the echo chambers’ report has now been submitted to the Lord Chancellor as the final product of a two-year independent review into the regulation of legal services in England and Wales.  

Jessica Clay

8 July 2020

Can one regulator investigate conduct associated with a Registrant’s other profession?

In this case the High Court considered the issue of whether the General Medical Council (GMC) could investigate the conduct of a doctor even though the conduct related to the Registrant’s work in his role as a solicitor.

Sophie Mass

6 July 2020

The Financial Reporting Council announces its plans for the ‘Big Four’ to ring-fence their audit practices

Following a number of high-profile corporate collapses in the last few years, audit quality has been the  subject of intense regulatory focus.  In recent times, significant changes to audit regulation were proposed by Sir John Kingman; the CMA made recommendations around ‘operational split’; and, late last year, Sir Donald Brydon endorsed the CMA’s suggested approach in recommending the formation of a separate audit industry with its own governing principles.

Julie Matheson

26 June 2020

The consequences of failing to adhere with Care Quality Commission’s regulatory framework for registration

In September 2017, the Care Quality Commission (“CQC”) was informed by Portsmouth City Council about a care home, Golden Years, which had been operating since 2 March 2015. The CQC contacted Golden Years about not being registered from October 2017 to September 2019.  Golden Years’ directors made several attempts to register with the CQC, however each application was rejected as the required standards had not been met. 

Shannett Thompson

25 June 2020

Who is responsible for assessing privilege in FRC cases: an auditor under investigation or the client to which the privilege relates?

Following the Court of Appeal decision in Sports Direct International Plc and The Financial Reporting Council [2020] EWCA Civ 177 (which we discussed here), a recent High Court decision provides further guidance on legal professional privilege and its application in Financial Reporting Council (FRC) proceedings.

Julie Matheson

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