The Financial Reporting Council (FRC) has revealed it is swapping its City of London office for Harbour Exchange in Canary Wharf.

The regulator also announced its three-year strategy from 2025 to 2028, where it stated that it was relocating to Canary Wharf.

Confirming it to City AM, the FRC said its new office will be in the Harbour Exchange in South Quay, but timings are still not yet known.

Over the course of the next three years, it will be expanding its new Birmingham office with a fresh recruitment policy.

After delays, the regulator opened its midland office, with a strategy to have a dual-hub operation between the two cities.

The FRC has four objectives over the next three years, which includes improving audit quality, especially across the public interest entities (PIE) market, and avoiding unnecessary cost increases.

The regulator said it is “embracing its role as a modern, forward-looking regulator”, with a focus on the need to “recruit and retain the necessary skills”.

The watchdog also noted it wants a step change in this period in how it uses and exploits technology, data and information management within the organisation.