On 13 August 2024, the Financial Reporting Council (FRC), as part of a cross-regulatory group comprising the FCA, Companies House, HMRC and Charity Commission for England and Wales, published a discussion paper on the future...more
The new regime modernises the listing framework while maintaining robust standards to protect investors and ensure market integrity.
On 11 July 2024, the FCA released the final rules for the new UK listing regime, which...more
On 29 May 2024, the European Securities and Markets Authority (ESMA) issued a statement on good practices to be followed in relation to pre-close calls with research analysts. The calls take place immediately before the close...more
FCA Issues Reminders on Annual Reporting and LTIP Disclosure Requirements -
On 22 May 2024, the FCA published Primary Market Bulletin 49 (PMB 49) reminding listed companies of certain continuing obligations under the...more
6/5/2024
/ Annual Reports ,
Bribery ,
Corporate Governance ,
Criminal Convictions ,
Disclosure Requirements ,
Employee Incentive Plans ,
Financial Conduct Authority (FCA) ,
Financial Statements ,
Incentives ,
Listing Rules ,
Public Officials ,
Publicly-Traded Companies ,
Sustainability ,
UK ,
UK Bribery Act
On 5 March 2024, the Pre-Emption Group (PEG) published its first report monitoring the use of its updated Statement of Principles on the disapplication of pre-emption rights for UK listed companies. The Principles were...more
4/5/2024
/ Board of Directors ,
Corporate Governance ,
Diversity ,
Enforcement ,
Enforcement Guidance ,
Ethnicity ,
Financial Conduct Authority (FCA) ,
FTSE ,
Information Reports ,
Listing Standards ,
Minorities ,
Publicly-Traded Companies ,
UK
This publication provides an overview of the top trending issues as we approach this year’s AGM and reporting season. We highlight key areas of AGM practices and reporting that will need to adapt to recent legal and...more
1/15/2024
/ Artificial Intelligence ,
Climate Change ,
Corporate Governance ,
Cybersecurity ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Investors ,
Proxy Season ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Reporting Requirements ,
UK
On 16 October 2023, Nikhil Rathi, Chief Executive of the FCA, delivered a speech at the City Dinner at Mansion House which describes the FCA’s work in supporting international competitiveness and growth. Amongst other things,...more
11/2/2023
/ Climate Change ,
Consultation ,
Corporate Governance ,
Financial Conduct Authority (FCA) ,
Green Finance ,
Listing Standards ,
Net Zero ,
New Guidance ,
Publicly-Traded Companies ,
Reporting Requirements ,
Sustainable Business Practices ,
Takeover Bids ,
Takeovers ,
Target Company ,
UK
The purpose of this document is to provide an overview of the key developments around reforming the UK capital markets regime following Lord Hill’s UK Listings Review, launched on 19 November 2020 as part of the UK...more
10/12/2023
/ Accounting Standards ,
Acquisitions ,
Capital Markets ,
Capital Raising ,
Complex Corporate Transactions ,
Initial Public Offering (IPO) ,
Listing Standards ,
Mergers ,
Public Offerings ,
Publicly-Traded Companies ,
Shareholder Approval ,
UK ,
UK Regulatory Reforms
Companies Invited to Voluntarily Adopt New Nature-related Financial Disclosure Framework -
On 18 September 2023, the Taskforce on Nature-related Financial Disclosures (TNFD) published its final recommendations for...more
10/3/2023
/ Climate Change ,
Consultation ,
Corporate Governance ,
Financial Conduct Authority (FCA) ,
IFRS ,
Listing Standards ,
Publicly-Traded Companies ,
Risk Management ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK ,
Voluntary Disclosure
On 10 August 2023, the FCA published Primary Market Bulletin 45, which describes its process for developing its policy position in relation to the new ISSB standards and developing climate-related transition plan guidance for...more
9/5/2023
/ Climate Change ,
Code of Conduct ,
Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Listing Rules ,
Publicly-Traded Companies ,
Ratings ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The regulator continues its Primary Markets Effectiveness Review to promote the competitiveness of a UK listing.
On 26 May 2022, the FCA published a discussion paper (DP22/2) to seek further views on how to make the UK...more
Proposals reflect growing investor focus on the ESG performance of listed companies.
The UK Financial Conduct Authority (FCA) has launched a consultation setting out proposed changes to its Listing Rules (LRs) and...more
The FCA is consulting on extending its rules to standard listed issuers.
On 22 June 2021, the FCA published a Consultation Paper (CP21/18) on extending the application of the existing climate-related disclosure...more
6/28/2021
/ Asset Management ,
Capital Markets ,
Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Issuers ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Reporting ,
G7 ,
IFRS ,
Listing Rules ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The recommended reforms aim to make the UK’s listing regime more competitive while maintaining high standards of corporate governance, shareholder rights, and transparency. A new independent review (the Review), led by Lord...more
The FCA publicly censured the IT service provider for publishing false information about its net debt and holdings of cash and cash equivalents.
On 26 June 2020, the FCA issued a final notice to Redcentric PLC...more
The package combines temporary policy interventions and existing options to help companies raise new share capital during the COVID-19 crisis.
On 8 April 2020, the FCA published a Statement of Policy and related technical...more
The FCA is moving towards formalising issuers’ compliance with the TCFD recommendations.
Key Points:
..The FCA is proposing that premium listed commercial companies will need to disclose how they have implemented the...more
The regulatory regime and disclosure requirements for listed companies in the UK will continue to evolve in 2020. Issuers and their advisers should be aware of the key legal developments that will occur during this year,...more
1/24/2020
/ Climate Change ,
Commission Delegated Regulation ,
Corporate Governance ,
Disclosure Requirements ,
Diversity ,
Environmental Social & Governance (ESG) ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Prospectus Regulation (PR3) ,
Publicly-Traded Companies ,
Regulatory Standards ,
Reporting Requirements ,
Shareholder Rights ,
Shareholders ,
Small and Medium-Sized Enterprises (SMEs) ,
Transparency ,
UK