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

To ask Her Majesty's Government what assessment they have made of the extent to which transfers of staff from the Financial Reporting Council to (1) the International Accounting Standards Board, (2) large accounting firms, and (3) other organisations, have complied with the restrictions on appointment of public officials into private sector roles.

The Financial Reporting Council (FRC) has an established code of conduct which applies to FRC staff to ensure that conflicts of interest and any other associated threats to independence are managed appropriately. In addition, the FRC applies, on a case-by-case basis measures to ensure that any potential conflicts arising from a proposed departure from the FRC to another organisation are managed.

The Government has made no assessment of this policy.