Person designated as a public authority under the Freedom of Information Act 20004.

(1)

The Financial Reporting Council Limited is designated as a public authority under section 5(1)(a) of the Freedom of Information Act 2000 with respect to the following of its functions—

(a)

monitoring the compliance of issuers of transferrable securities with accounting requirements in Part 6 rules in accordance with section 14 of the Companies (Audit, Investigations and Community Enterprise) Act 20048;

(b)

ensuring that the provision of financial information in accounts complies with Companies Act requirements in accordance with section 456 of the Companies Act 20069;

(c)

the issuing of accounting standards in accordance with section 464 of the Companies Act 200610 and the interpretation of those standards;

(d)

the provision, development, operation and maintenance of a public register of third country auditors in accordance with the Statutory Auditors and Third Country Auditors Regulations 201311;

(e)

the public oversight of statutory auditors under the 2016 Regulations;

(f)

the carrying out of tasks to ensure that the provisions of the Audit Regulation are applied in accordance with the 2016 Regulations;

(g)

the determination of technical standards and of other standards on professional ethics and internal quality control of statutory auditors and statutory audit work in accordance with the 2016 Regulations;

(h)

the determination of the manner in which the standards mentioned in sub-paragraph (g) are to be applied in practice in accordance with the 2016 Regulations;

(i)

the application of the standards mentioned in sub-paragraph (g) in accordance with the 2016 Regulations;

(j)

the inspection, monitoring and investigation of audits that are carried out by statutory auditors and third country auditors in accordance with the 2016 Regulations;

(k)

the sanctioning of statutory auditors and third country auditors and the publication of sanctions imposed in accordance with the 2016 Regulations;

(l)

the delegation and reclamation of functions in accordance with regulation 3 of the 2016 Regulations;

(m)

providing independent oversight of the regulation of the accountancy profession;

(n)

providing an independent disciplinary scheme for matters relating to accountancy firms or members of the accountancy professional bodies which raise issues affecting the public interest;

(o)

setting actuarial standards;

(p)

providing independent oversight of the regulation of the actuarial profession;

(q)

providing an independent disciplinary scheme for matters relating to the actuarial profession which raise issues affecting the public interest;

(r)

monitoring and maintaining the UK Corporate Governance Code and its associated guidance; and

(s)

monitoring and maintaining the UK Stewardship Code and its associated guidance.

(2)

In this article—

(a)

“the 2016 Regulations” means the Statutory Auditors and Third Country Auditors Regulations 201612;

(b)

“Audit Regulation” means Regulation (EU) 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC213;

(c)

“Part 6 rules” has the same meaning as in section 73A of the Financial Services and Markets Act 200014;

(d)

“statutory auditor” has the same meaning as in section 1210 of the Companies Act 200615;

(e)

“third country auditor” has the same meaning as in section 1261 of the Companies Act 200616.