In May 2022, the UK government published the response to its March 2021 consultation paper Restoring trust in audit and corporate governance (read more on our blog here). It confirmed that the government intends to take forward many of the reforms proposed in the consultation, though some in a modified form. A number of the reforms, including the creation of … Read more

The Economic Crime and Corporate Transparency Bill (ECCT Bill) which contains, among other things, draft amendments to the Companies Act 2006 to facilitate the reform of Companies House, has reached the final stages of its progress through Parliament. It is next scheduled to be debated on 18 October 2023, and is expected to become law shortly thereafter. … Read more

We are delighted to launch our new #FDIFriday podcast series, bringing together experts from our Global Foreign Investment Regulation Group to discuss the rapidly-evolving FDI regulatory landscape in accessible, digestible podcast episodes. Decision-making by FDI agencies tends to be characterised by a lack of transparency, with typically very limited information made publicly available in respect … Read more

Recent additions to our Corporate Notes blog include a look at the DTR rule changes for structured electronic reporting, our briefing on the Regulations that will introduce significant new annual reporting requirements and Primary Market Bulletin No.45. Other additions include recent FRC publications on ESG reporting, the 2024 Dividend Procedure Timetable and the requirement to … Read more

The FRC has published two reports in relation to ESG reporting: ESG data distribution and consumption – This report by the FRC Lab follows its August 2022 report on improving ESG data production and how companies can aid this process. Like the August 2022 report, this latest report is built around three elements – motivation (why … Read more

The Department of Business and Trade (DBT) laid The Companies (Strategic Report and Directors’ Report) (Amendment) Regulations 2023 in draft for approval by Parliament in July this year (see our blog post here). The Regulations, which will impact all UK-incorporated companies (and groups) that have both 750 or more employees and an annual turnover of £750 million or … Read more

Entities on the register of overseas entities owning UK property can now file their annual update statement. Companies House has published guidance on filing update statements. Under the Economic Crime (Transparency and Enforcement) Act 2022 overseas entities that own, or have a lease of more than seven years over, land or property in the UK must be … Read more

The London Stock Exchange (LSE) has published its Dividend Procedure Timetable for 2024. A dividend timetable that follows the guidelines set out in by the Dividend Procedure Timetable, need not be notified to the LSE in advance, provided the announcement of the dividend includes: unless stated otherwise, dividends stated as gross; the record date and payment … Read more