Financial reporting orders [Archived]
Financial reporting orders [Archived]

The following Corporate Crime practice note provides comprehensive and up to date legal information covering:

  • Financial reporting orders [Archived]
  • Making a financial reporting order
  • Mandatory terms of the order
  • Applying for the order
  • Enforcement of a financial reporting order

ARCHIVED: This archived Practice Note is for background information only and is not being maintained. No new financial reporting orders can be made in England, Wales, Scotland or Northern Ireland from 3 May 2015. All existing financial reporting orders will remain active until their terms expire and the existing offence of breaching an order will remain available in relation to those orders until their expiry.

Serious crime prevention orders are the sole means of imposing financial reporting requirements on a person convicted of a serious offence after this date. For further information see Practice Note: Serious crime prevention orders.

Making a financial reporting order

A financial reporting order (FRO) is made following conviction for a listed offence in addition to sentencing a defendant. The court only made an order if it was satisfied that the risk of the defendant committing another listed offence was sufficiently high to justify doing so. The listed offences are:

  1. the offence of false accounting under section 17 of the Theft Act 1968:

  2. the following offences under the Fraud Act 2006 (FrA 2006):

    1. general offence of fraud (FrA 2006, s 1), and

    2. obtaining services dishonestly (FrA 2006, s 11)

  3. conspiracy to defraud at common law

  4. the following offences under the Proceeds of Crime Act 2002 (POCA 2002):

    1. any of the lifestyle offences in the POCA 2002, Sch 2, namely:

      1. drug trafficking

      2. money

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