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The Stars Align - FCA’s PISCES Proposals to Build on Private Market Practices

The FCA is approaching its design of the world’s first regulated private/public crossover market with a “private plus” rather than a “public minus” mindset. On 17 December 2024, the FCA launched a consultation on its...more

Recent Developments for UK PLCs - December 2024

On 15 November 2024, the FCA released Primary Market Bulletin 52, offering guidance on compliance with MAR and DTR requirements, particularly in identifying and disclosing inside information, managing shareholder...more

FRC Launches Progressive Consultation on Wide-Ranging Revisions to Its Stewardship Code

The proposals seek to address engagement feedback which called for a more effective stewardship model that would support UK competitiveness and growth. On 11 November 2024, the Financial Reporting Council (FRC) launched...more

It’s in the Stars - HM Treasury Recasts and Pushes Forward PISCES

The world’s first regulated private/public crossover market is significantly redesigned as a friction-free “private up” rather than “public down” market with rethought approach to disclosure and market abuse....more

Recent Developments for UK PLCs - September 2024

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

FCA Launches Consultations on the New Prospectus Regime and Public Offer Platforms

On 26 July 2024, the FCA published consultation papers on a new public offers and admissions to trading regime to replace the existing UK Prospectus Regulation, and on proposals to establish public offer platforms (POPs) as a...more

Recent Developments for UK PLCs - May 2024 Edition

On 10 April 2024, the FCA published its consultation paper (CP24/7) on payment optionality for investment research. This followed the Investment Research Review’s report from summer 2023, which recommended that the FCA should...more

UK Government Consults on World’s First Regulated Public-Private Crossover Market

UK Chancellor launches consultation on the proposed Private Intermittent Securities and Capital Exchange System (PISCES) as part of the Spring Budget. On 6 March 2024, HM Treasury published a consultation paper seeking...more

FRC Provides a Significant Update on Its Future Policy and Cuts Back on Proposed Corporate Governance Code Changes

The FRC’s future work will be assessed through the lens of the UK’s economic growth and international competitiveness. On 7 November 2023, the FRC announced a significant and wide-ranging policy update which included a...more

Recent Developments for UK PLCs - November Edition

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

Recent Developments for UK PLCs - October Edition

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

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