UK: The Kingman review of the Financial Reporting Council - objectives and scope published

The terms of reference for the Kingman review of the Financial Reporting Council have been published: see here (pdf). The review has been given two objectives: to enable the FRC to "stand as a beacon for the best in governance, transparency and independence" and to ensure that it is "fit for the future". The scope of the review includes the FRC's objectives, governance and transparency; its independence (including conflicts of interest); and its impact, resources and capacity.