FRC makes minor amendment to Auditor Regulatory Sanctions Procedure and the Crown Dependencies’ Recognised Auditor Sanctions Procedure

Skip to main content Home News and events News FRC makes minor amendment to Auditor Regulatory Sanctions Procedure and the Crown Dependencies’ Recognised Auditor Sanctions Procedure News types: Operating Procedures Published: 30 July 2026 The Financial Reporting Council (FRC) is to make a minor amendment to the Auditor Regulatory Sanctions Procedure (ARSP) and Crown Dependencies' Recognised Auditor Sanctions Procedure (CD RASP) [1] . The amendment will transfer the responsibility to appoint a secretary to an Independent Sanctions Tribunal from the FRC’s Conduct Committee to the FRC’s People Committee, with effect from 1 November 2026. The amendment will be made to paragraph 14.3 of the ARSP and CD RASP , which appear in identical terms. Taking effect from Monday 1 November 2026, the reference to “The Conduct Committee” will be amended to “The People Committee”, and as a result, paragraph 14.3 will read as follows: "14.3 The People Committee will appoint a secretary to an Independent Sanctions Tribunal to administer the Tribunal" Pursuant to paragraph 24.1 of the ARSP and CD RASP.