On 4 October 2011, the Financial Reporting Review Panel (‘the Panel’) published a consultation paper containing proposed changes to its operating procedures which would, among other things, give the Panel new powers:

  • to issue an announcement in all cases where a company makes a significant change to its corporate reporting as a result of the intervention of the Panel; and
  • to release an announcement of its own where the existence of a Panel enquiry has become public.  

Comments are requested by 30 November 2011

Financial Reporting Review Panel: Proposals for changes to the operating procedures of the Financial Reporting Review Panel: Consultation paper: October 2011: available at: http://www.frc.org.uk/images/uploaded/documents/FRRP%20Consultation%20paper%20-%20operating%20procedures.pdf