FRC—Appeal Tribunal
Produced in partnership with Thomas Daniel of 2 Bedford Row
FRC—Appeal Tribunal

The following Corporate Crime guidance note Produced in partnership with Thomas Daniel of 2 Bedford Row provides comprehensive and up to date legal information covering:

  • FRC—Appeal Tribunal
  • Appeal Tribunal
  • Conduct of appeals

FORTHCOMING CHANGE ALERT: The UK government has announced that the Financial Reporting Council (FRC) will be replaced with a new regulator called the Audit, Reporting and Governance Authority. This new enhanced regulator will transform the audit and accounting sector in response to the comprehensive Independent Review led by Sir John Kingman. See: LNB News 11/03/2019 120.

Appeal Tribunal

A Member or Member Firm may, within 28 days after the date on which the Adverse Finding was notified to them or it, appeal against the finding by giving notice to the Conduct Committee.

The Member or Member Firm will become the Appellant in the matter and the Executive Counsel will be the Respondent.

An appeal against a decision of the Disciplinary Tribunal can be made only on the following grounds:

  1. that the decision of the Disciplinary Tribunal was perverse or wrong in law

  2. that there was injustice because of a serious procedural or other irregularity in the proceedings before the Disciplinary Tribunal

  3. that significant and relevant new evidence has come to light which was not previously available to the Appellant and could not have become available to them or it on the making of reasonable enquiry

  4. that the sanction imposed was manifestly unreasonable

Conduct of appeals

Any appeal should start by way of a notice of appeal. The notice of

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