Key elements of regulatory framework for public and private

Question

Write down key elements of regulatory framework for public and private in UK.

Answer 1

The key elements of regulatory framework in UK are illustrated below:

• Company law as represented through the Companies Act 2006 (or CA2006) and succeeding statutory instruments

• International and National accounting standards issued through independent (or non-government) bodies.

• Stock exchange rules that are issued by the independent regulator.