FRC meaning

STOP PRESS: The Financial Remedies Guide 2026, issued on 13 March 2026 by Mr Justice Peel and His Honour Judge Hess with the approval of the President of the Family Division, now replaces and supersedes: Statement on efficient conduct for High Court judge cases (1 February 2016) Statement on efficient conduct for hearings below High Court judge level (11 January 2022) FRC Primary Principles (11 January 2022) FRC notice: electronic bundles (19 April 2022) Allocation of cases to High Court judge level (21 May 2024) This document is being updated to reflect these changes. See News Analysis: Financial Remedies Guide consolidates existing guidance and efficiency statements. The flowchart charts the standard-procedure route to a final hearing after a financial remedy application. It covers FDR directions, open proposals and bundles; Form H1 costs, disclosure, section 25 Matrimonial Causes Act 1973 factors, available orders, and the below High Court judge level efficiency statement. Further resources: Financial provision—practice and procedure—overview;...

ARCHIVED : This archived Checklist outlines the principal reporting obligations for quoted companies with accounting periods commencing before 1 January 2019, under the Companies Act 2006, the Listing Rules, the Disclosure Guidance and Transparency Rules, and the 2016 edition of the UK Corporate Governance Code... It references rules, provisions and definitions that may have been repealed or altered, including legislation and regulation that applied before the UK left the European Union... For a maintained Checklist summarising the reporting requirements for quoted companies with accounting periods beginning on or after 1 January 2019, see Checklist: Annual report and accounts (quoted companies)—checklist—accounting periods on or after 1 January 2019... For periods beginning before 1 January 2019, this Checklist draws on the following sources: Companies Act 2006 (CA 2006) and the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, SI 2008/410 (Large and Medium-sized Companies Regulations) Listing Rules (LRs) Disclosure Guidance and Transparency Rules (DTRs) UK Corporate Governance Code (UKCG...

STOP PRESS: The Financial Remedies Guide 2026 The Financial Remedies Guide 2026, issued on 13 March 2026 by Mr Justice Peel and His Honour Judge Hess, replaces: High Court judge level efficiency statement (1 February 2016) Below High Court judge level efficiency statement (11 January 2022) FRC Primary Principles (11 January 2022) FRC notice on electronic bundles (19 April 2022) Allocation of financial remedies cases to High Court judge level (21 May 2024) This page is being updated accordingly. The flowchart outlines the standard route from application to first appointment: who may apply, pre-action steps, service and possible directions. It also lists the documents to be filed and exchanged beforehand—statement of issues, chronology, questionnaires and costs estimates—with reference to efficiency materials and templates for cases below High Court judge level. For detailed guidance—overviews, Practice Notes, precedents, procedural and client guides, legislation, forms and further reading—see Financial provision—practice and procedure—overview or the related documents alongside the flowchart. See...

In this issue: Key DR developments Claims and remedies Cross-border disputes Evidence and disclosure New content Dates for your diary Useful information Collaborate and network with a community of expert lawyers Daily and weekly news alerts Key DR developments 163rd Practice Direction update 163rd PD update—effective on 1 February and 6 April 2024: The 163rd Practice Direction (PD) changes to the Civil Procedure Rules have received approval from the Master of the Rolls together with the Parliamentary Under-Secretary of State for Justice...

BC v BC [2025] EWFC 236 What are the practical implications of this case? The key takeaway for practitioners is to disregard paragraph 8 of the FRC Primary Principles, in particular its closing clause which states ‘and an assurance that offers were made on each side and an indication given’. Whether the FRC will issue a revised iteration of the Primary Principles to reflect Peel J’s ruling remains uncertain at this stage. Practitioners should likewise observe the effective bar on obliquely attributing fault for an unproductive pFDR by referring to a party having left the appointment after an indication was given, as such references amount to indirect blame. The ruling should, in turn, streamline the pFDR process and reduce the scope for satellite litigation that might otherwise follow, notably where no settlement is achieved. In essence, the only matters that should be disclosed are neutral particulars confirming that a pFDR has taken place, and nothing more. What was the background? The parties had taken part in...

In this issue: Companies House Corporate governance Equity capital markets Accounts and reports Economic Crime and Corporate Transparency Act Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Companies House Companies House announces fee changes from February 2026 Companies House has confirmed a revised fees schedule from 1 February 2026, following its annual assessment to align charges with the cost of providing services. Notably, the digital incorporation filing fee will rise to £100, and the digital confirmation statement fee will increase to £50. These adjustments are set out in the Registrar of Companies (Fees) (Amendment) Regulations 2025 (SI 2025/1137), which were laid before Parliament on 30 October 2025 and take effect on 1 February 2026. The accompanying explanatory memorandum states that the updated fees are intended to recover increased costs linked to implementing the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) and the Economic...

Fixed recoverable costs (FRC) Fixed recoverable costs (FRC) set out the sums recoverable from the paying party in litigation, introduced to promote clarity and proportionality in legal spend and process. The intention is that would-be litigants are not deterred by the risk of adverse costs exposure. FRC are now routine across several litigation spheres, though they are not universally applicable in every claim. As the landscape continues to change, this tracker seeks to chart the major milestones in the reform of FRC and offer granular guidance on particular stages and phases. CPR provisions on fixed costs For an overview of the present fixed costs rules and a pathway to related materials and analysis, see: Fixed costs (position on or after 1 October 2023)—checklist. Timeline of key events in fixed recoverable costs reform October 2025 (consultation closes on 5 January 2026) — The Civil Procedure Rule Committee (CPRC) has opened a consultation assessing the effectiveness of the FRC expansion, inviting feedback and evidence as...

This Resource Note summarises the principal provisions of Chapter 4 of the Disclosure Guidance and Transparency Rules (DTR 4), which addresses the periodic financial reporting duties for an issuer whose transferable securities are admitted to trading on a UK regulated market. It signposts pertinent commentary, analysis and materials to support the interpretation of, and deliver practical guidance on the application of, DTR 4. Materials considered in this Resource Note include, where applicable: the Financial Conduct Authority (FCA) Handbook FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which amount to formal guidance and are binding on the FCA) FCA consultation papers, discussion papers, policy statements, feedback statements and warnings Primary Market Bulletins and other FCA publications former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision assimilated EU legislation EU Directives and EU Regulations, where relevant to interpretation of a provision Lexis+® UK analysis and resources...

The Modern Slavery Act 2015 (MSA 2015) The Modern Slavery Act 2015 (MSA 2015) gained Royal Assent on 26 March 2015. Under Section 54, certain firms are required to prepare and make public a statement addressing modern slavery and human trafficking, for each and every financial year of the organisation. The government has issued guidance (the Guidance), which was updated on 27 March 2025. The 2025 revision marks the first wholesale replacement of the Guidance since its initial issue in October 2015, displacing earlier incremental updates. The Guidance states plainly that organisations ought to release their statement as soon as is reasonably practicable after the close of their financial year, and preferably no later than six months after the organisation’s year end. Accordingly, a company with a 31 March year end should, in effect, have its statement available by 30 September of that same year, in line with the stated expectation. Organisations may prefer to time publication to coincide with other annual accounts, following their usual cycle. Beyond the...