Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the timetable is for the Financial Reporting Council to (a) complete its review and (b) publish an updated version of the UK Corporate Governance Code.

In February 2017, the Financial Reporting Council (FRC) announced plans for a comprehensive review of the UK Corporate Governance Code, and delivery of this review implements part of the Government’s wider Corporate Governance Reform package announced in August 2017. The FRC’s public consultation closed on 28 February 2018. Responses are being considered and the FRC is on track to publish an updated Code with supporting guidance in July 2018.