Will the firm regulation have a specific size of company as a target? Will there be clear guidance on how it applies to independent consultants, small (eg. <20 ppl), or very large (eg. >500 ppl) firms.

Each regulatory body that may regulate firms will determine an approach to regulating firms of various sizes. Currently only EGBC is authorized to regulate firms and their program will accommodate companies of different sizes. There will be specific attention and tailoring provided for sole proprietors, and how to address differences and the unique needs of different organisations.

For more information on the EGBC firm regulation program, please visit their website here.

— OSPG staff