ICAS Regulation Board

The Regulation Board is the body appointed by Council to be responsible for regulatory policy at ICAS and for maintaining professional standards amongst Members, CA Student Members, Affiliates and Firms.

Role & responsibilities

The full responsibilities of the Regulation Board are set out in ICAS’ General Regulations and include:

• The licences, certificates and authorisations which are issued by ICAS (including Practising Certificates, Audit Registration, and Insolvency Licences).
• Continuing Professional Development (CPD).
• The monitoring regimes operated by ICAS to maintain professional standards.
• The investigation of complaints.
• Proposing Regulations to Council.

The Regulation Board is also a strategic body, discussing developments in regulation and closely monitoring ICAS’ relationships with its oversight regulators.

In discharging its responsibilities, the Regulation Board seeks to act in the public interest, whilst also promoting the interests of ICAS’ regulated community.

Delegation of powers

The Regulation Board does not determine regulatory matters involving individual Members, CA Student Members, Affiliates or Firms. Instead, it delegates the decision-making powers as follows:

• The Authorisation Committee is responsible for issuing, suspending and withdrawing the licences, certificates and authorisations which are issued by ICAS, as well as the accompanying monitoring regimes, and CPD arrangements.
• The Investigation Committee is responsible for investigation complaints and determining whether a Member, CA Student Member, Affiliate or Firm is liable to disciplinary action.

The Regulation Board appoints the members of the Authorisation Committee and the Investigation, except for the Conveners, who are appointed by the Nominations Committee.

Regulatory Policy Positions

As part of its role in setting and overseeing ICAS’ regulatory strategy, the Regulation Board has discussed and agreed a number of policy positions, covering some important regulatory issues and principles.

These positions are set out in this policy paper, which we encourage all ICAS stakeholders to read and engage with.