ICAS Regulation Board publishes new policy position paper
As part of its ongoing review of ICAS’ regulatory strategy, the ICAS Regulation Board has discussed and agreed a number of policy positions, covering some important regulatory issues and principles.
These positions have been set out in a recently published policy paper, which we encourage ICAS stakeholders to read and engage with.
The role of the ICAS Regulation Board
The ICAS Regulation Board is the body appointed by Council to take responsibility for regulatory policy at ICAS and maintain professional standards amongst Members, Students, Affiliates and Firms.
The Board is also a strategic body, discussing developments in regulation and closely monitoring ICAS’ relationships with its oversight regulators.
Policy positioning
The Regulation Board is conscious of ICAS’ Royal Charter requirement to act in the public interest. ICAS’ regulatory functions are therefore designed and exercised to place the public interest first. The Charter also requires ICAS to represent its members’ views and protect their interests. On the rare occasion that these are at odds with the public interest, it is the public interest that must be paramount.
The Board wants all stakeholders – including Members, Firms and oversight bodies – to be aware of these positions, so that they can be reviewed, considered and revised as appropriate.