The Companies (Directors’ Remuneration and Audit) (Amendment) Regulations 2025

This Statutory Instrument (SI) will remove certain EU-origin directors’ remuneration reporting requirements on UK listed companies, which overlapped with pre-existing and continuing UK requirements. In respect of the powers of the audit regulator, the regulations clarify certain powers in relation to overseas audits involving non-UK companies and their auditors. They also introduce a discretionary exemption from the prohibition of certain non-audit services,services. This would be granted in exceptional cases, so that an audit firm providing any such services to a Public Interest Entity will be able to seek to tender for the audit of that entity.