Levy Collection Services

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About this contract

The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. Our direct stakeholders include companies, institutional investors, auditors, actuaries, accountants and their respective professional bodies. Our indirect stakeholders include retail shareholders, suppliers, employees, customers, communities, pensioners and savers, and financial institutions, all of whom have an interest in the health of companies and other organisations within our existing and future regulatory scope and in the success of the UK corporate sector as a whole. By agreement with DBT and HM Treasury, the FRC is funded partly through a levy on the following organisations that are subject to, or have regard to, FRC regulatory requirements in preparing their accounts: • Companies listed on the London Stock Exchange, and UK AIM and AQUIS Market group companies with an equity share listing. • Large private entities with a turnover of £500m or more. Subsidiaries of UK listed companies with a turnover of £500m or more are invoiced on the same invoice as their parent company. • Standard Global Depository Receipt companies ('GDRs'). • Government Departments and other public sector organisations that publish accounts. Further information on the FRC's funding can be found: - https://www.frc.org.uk/about-the-frc/funding This procurement activity seeks to engage an organisation to collect levy fees on the FRC's behalf. Please refer to https://www.contractsfinder.service.gov.uk/Notice/038474a7-d56e-4d99-9d35-fa0ae26eb982 for further information.

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