‘On the horizon’ podcast

We have released our ‘on the horizon’ podcast, which is a short summary of the more material developments we expect to see in the next 6-12 months that will be of interest to listed companies. The podcast is available here: ‘on the horizon’ podcast. Read more

Consolidated corporate update January to June 2022

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from January to June 2022, and which are of relevance to UK listed companies. Please click here to see the full briefing. Read more

FCA adapts ESMA Guidelines as FCA Guidance

The FCA has published Primary Market Bulletin No. 40 launching its new technical note, Primary Market/TN 619.1, which adapts the Guidelines on disclosure requirements under the Prospectus Regulation published by the European Securities and Markets Authority (ESMA Guidelines) for use in the UK post-Brexit. The new technical note, effective from May 2022, includes the guidance on specialist issuers … Read more

FCA consultation on restructuring the UK listing regime

The Financial Conduct Authority (FCA) has published a discussion paper (DP22/2) in which it is seeking further views on the structure of the UK listing regime. In March 2021 the Government published the outcome of the Review of the UK listing regime undertaken by Lord Hill. It made a number of recommendations to seek to … Read more

Ending of Covid relaxation measures

The Financial Conduct Authority (FCA) has announced, in its Primary Market Bulletin No. 39, that it is ending the temporary relaxations it introduced for companies due to the Covid-19 pandemic.  The London Stock Exchange has also issued an Inside AIM removing its temporary relaxations for financial reporting deadlines implemented in light of Covid-19 from 28 … Read more

Treasury response on the UK Prospectus Review

The Treasury has published a response on the UK Prospectus Review, setting out its policy approach to reforming the UK’s prospectus regime, in the biggest shake up since 2005. This follows the conclusions of the Hill Review of the UK listing regime published in March 2021. One of Lord Hill’s recommendations was an overhaul of the prospectus … Read more

Half-yearly corporate update – our latest briefing

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from July to December 2021, and which are of relevance to UK listed companies. The briefing is available here. Read more

HM Treasury response on proposed power to block listings on national security grounds

The Treasury has published a summary of responses to its consultation on a proposed new power to block listings on national security grounds and says it will proceed with the proposals. The Treasury published the consultation in light of concerns about possible links between a listing and national security, for example if the proceeds of a listing … Read more

Company censured and fined for breach of AIM rules

The London Stock Exchange has censured and fined Sensyne Health plc £580,000 (discounted to £406,000 for early settlement) for failing to maintain effective controls to enable compliance with the AIM Rules, and for failing to comply with AIM’s related party rules in respect of bonus payments made to its directors. In November 2018, three months … Read more