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Guidance on Sanctions and fixed penalty process

The Guidance on Sanctions is used by the regulatory committees, the Conduct Committee, the Tribunals Committee and the Appeal Committee for all disciplinary allegations and regulatory penalty matters they consider against ICAEW members (current and former), students, affiliates and member / regulated / contracted firms. This page outlines the updates and access to the Guidance on Sanctions and information on the fixed penalty process.

Guidance on Sanctions

The current version of the Guidance on Sanctions is effective from 1 June 2023 and has been amended to align terminology with the new disciplinary framework, which is effective 1 June 2023. 

Fixed penalty process for minor complaints 

The fixed penalty process enables certain types of lower level, compliance-type complaints to be dealt with by way of fixed penalty. The process only applies to allegations which the ICAEW Regulatory Board determines suitable for the process and where the allegation(s) and proposed penalty are agreed by respondents / respondent firms. The new process avoids the need for less serious complaints to considered by the Conduct Committee and therefore matters are dealt with more efficiently.