In this issue:
- EU DEVELOPMENTS
- European Commission Launches Public Consultation on Proposals to
- Improve EU Merger Control
- ESMA Publishes Final Guidelines on Enforcement of Financial Information
- ESMA Consults on Draft Technical Standards and Advice on the Market Abuse Regulation
- European Commission Publishes Q&A on Statutory Audit Measures
- European Commission Publishes Consultation on Existing Framework for Cross-border Mergers
- Council Adopts Directive for Disclosure of Non-financial and Diversity Information
- GERMAN DEVELOPMENTS
- German Federal Court of Justice on Takeover of Postbank by Deutsche Bank
- Legal Quotas for Women on Listed Companies' Supervisory Boards
- Requirement of Approving Resolution of General Meeting for Taking on a Fine by the Company (Section 93 para. 4 German Stock Corporation Act (AktG))
- UK DEVELOPMENTS
- FRC issues a new edition of the UK Corporate Governance Code
- ABI publishes guidance on members’ views on certain aspects of equity capital transactions
- IMA publishes guidance on share capital management issues
- FCA publishes consultation paper on competition in wholesale securities and investment markets
- FCA publishes eighth bulletin for primary market participants
- FCA publishes quarterly consultation on Listing Rules, Prospectus Rules and Disclosure and Transparency Rules
- FCA publishes consultation paper on IMSs
- LSE publishes notice regarding implementation of T+2 standard settlement period and subsequent New Dividend Procedure Timetable
Consultation on miscellaneous amendments to the Takeover Code
- Takeover Panel publishes consultation paper on post-offer commitments and intentions
- BIS consultation on UK implementation of Accounting Directive
- FRC consultation on UK implementation of Accounting Directive
- CMA implements Order on audit reforms
- Guidelines Monitoring Group publishes feedback and final advice following consultation on amendments to the Walker Guidelines
- EHRC publishes guidance on equality law framework
- ICC publishes guidance for companies on adopting policies on corporate gifts and hospitality
- US DEVELOPMENTS
- SEC Developments
- Noteworthy US Securities Law Litigation
- Recent SEC/DOJ Enforcement Matters
- ASIAN DEVELOPMENTS
- HKEx releases Concept Paper on Weighted Voting Rights
- Excerpt from European Commission Launches Public Consultation on Proposals to Improve EU Merger Control:
On 9 July 2014, the European Commission launched a public consultation on proposals to improve merger control at the EU level with the publication of a White Paper ("Towards more effective EU merger control"). A key element of these proposals relates to the acquisition of non-controlling minority shareholdings.
Please see full publication below for more information.