Comment deadline for FCA consultation on changes to audit committee requirements as a result of EU audit reform
The Financial Conduct Authority (FCA) has issued a consultation paper that, among other things, proposes changes to audit committee requirements for companies with securities admitted to trading on an EEA regulated market, as a result of the UK implementation of the EU Audit Directive (2014/56/EU). The consultation follows a recent policy announcement by the Department for Business, Innovation and Skills (BIS) on the UK implementation of the EU audit reforms. Comments are invited until 5 November 2015.