FRC Annual Report highlights year of innovation and evolving regulatory approach

Skip to main content Home News and events News FRC Annual Report highlights year of innovation and evolving regulatory approach News types: Generic Announcement Published: 13 July 2026 The Financial Reporting Council (FRC) has today published its Annual Report and Accounts for 2025/26, covering the period 1 April 2025 to 31 March 2026. The report reflects a year of substantial change, with the FRC continuing to enhance the regulatory environment in support of UK economic growth and investor confidence. Key highlights from this year's report include: "I am pleased to set out the progress we have made as an organisation in 2025/26, a period characterised by substantial change and evolving stakeholder expectations. Our guiding principle has been to ensure we can demonstrably enhance the regulatory environment to better support growth in the UK by underpinning investor and broader public confidence in corporate governance, reporting, audit and actuarial work. This is critical for companies to access capital to invest, scale and innovate." The report also notes that Sir Jan du Plessis will retire as Chair in September 2026, with a public appointment recruitment process soon to confirm the FRC’s incoming Chair. The FRC welcomed two new Executive Directors during the year: Anthony Barrett as Executive Director of Supervision and Penrose Foss as Executive Director of Investigations & Enforcement and Executive Counsel. Read the FRC's Annual Report and Accounts for 2025/26 .