UK/Europe: FRC statement following the EU referendum

The Financial Reporting Council - the organisation responsible for the UK's governance and stewardship codes as well audit oversight and accounting standards - has made an announcement in response to the result of last week's referendum:

Stakeholders have asked about the implications of the referendum result for our regulatory work. Our regulatory framework is unchanged and we will continue to apply it. The FRC will also continue to play its part in representing the interests of the UK internationally. We will pay close attention to the decisions now taken by the Government and Parliament, and continue to work in collaboration with our key stakeholders, particularly investors, business and the professionals we regulate, in order to ensure our work continues to support economic growth".