LPDT rules post-Brexit

The Financial Conduct Authority (FCA) has published a Handbook Notice on the changes to the Listing Rules, the Disclosure Guidance and Transparency Rules, and the Prospectus Regulation Rules (and other parts of the FCA Handbook) that will take effect when the transition period for the UK’s exit from the EU ends on 31 December 2020. The Notice … Read more

Enforcement of judgments after the end of the Brexit transition period

The European Commission has published a Notice to Stakeholders setting out the rules that it considers will apply in the field of civil and private international law once the Brexit transition period comes to an end on 31 December 2020 (assuming no other agreement is reached). At the end of the Brexit transition period, the … Read more

FCA to delay implementation of European Single Electronic Format for annual reports

The Financial Conduct Authority (FCA) has published a consultation paper (CP20/12) in which it proposes to delay the introduction of the European Single Electronic Format (ESEF) requirements for annual reports in the UK. Under the amended EU Transparency Directive, annual financial reports of companies which have securities listed on an EU regulated market must be … Read more

Consolidated corporate update January to June 2020

This half-yearly update briefing summarises the major developments in UK corporate law and regulation which have occurred over the last six months and which will be of relevance to UK listed companies. Please click here to see the briefing.   Read more

Brexit – enforcement of judgements after the transitional period

The UK has submitted its application to accede to the 2007 Lugano Convention on jurisdiction and the recognition and enforcement of judgments. Lugano currently applies as between the EU (including the UK, until the Brexit transition period comes to an end – currently scheduled for 31 December 2020) and EFTA countries (Iceland, Norway and Switzerland). … Read more

FRC letters to auditors and updated Brexit legal guide

The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for auditors and accountants with information in relation to auditing and accounting and corporate reporting standards during the transition period following the UK’s exit from the EU. In relation to accounting and reporting, the letter confirms that … Read more

Brexit – the impact on corporate law of the UK leaving the EU

The UK ceased to be a member of the EU at 11pm on 31 January 2020. The impact for corporate practitioners will be limited until 30 December 2020 when the transition/implementation period expires (unless extended). Key point to note are: References to the EU – As the UK is no longer a Member State of the … Read more