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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to amend the Companies Act 2006 to reduce the number of recognised supervisory bodies.

The Department for Business, Energy and Industrial Strategy has no such plans. The Recognised Supervisory Bodies have an important role in approving and registering statutory auditors, inspecting their work and investigating possible instances of professional misconduct. The Financial Reporting Council (FRC) oversees the work of RSBs and has particular responsibilities of its own where there is a public interest in an independent body fulfilling these tasks.