Following the approval of the Privy Council the Disciplinary Bye-laws (DBLs) have been amended with effect from 11 October 2017. The key change is the insertion of a new DBL (14A) which incorporates a process enabling certain types of minor, compliance-type complaints to be dealt with by way of fixed penalty. The process will only apply to complaints designated from time to time by the ICAEW Regulatory Board (IRB). This will commence at a date determined by the IRB. Other changes include amendments to definitions and the expansion of the fitness regime to capture Foundation Qualification Holders (i.e. holders of the designation ‘BFP’), Provisional Foundation Qualification Holders and CFAB students.
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