FCA publishes final rules on diversity-related disclosures by listed companies

The Financial Conduct Authority (FCA) has published a policy statement (PS22/3) setting out rule changes that will require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level for financial years starting on or after 1 April 2022. The FCA published a consultation paper … 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

FCA technical note on climate-related disclosures by listed companies

The FCA has published a Technical Note (TN/802.1) which provides further guidance on the climate-related financial disclosures listed companies are required to make in their annual report and accounts. Under the Listing Rules, premium and standard listed companies are required to make disclosures in compliance with the TCFD Recommendations and Recommended Disclosures on a comply … Read more

Conflict in Ukraine – FCA reminder to issuers, our sanctions tracker and Bill on register of overseas entities that own UK property

The Financial Conduct Authority (FCA) has published a statement reminding issuers of their disclosure obligations under the UK Market Abuse Regulation (UK MAR) in the context of the conflict in Ukraine. Also relevant in the context of Ukraine, a Bill is going through Parliament that will require overseas entities that own UK property to be … Read more

FCA enforcement action – former CFO and finance director of AIM-listed company convicted for misstated results

Following criminal proceedings brought by the Financial Conduct Authority (FCA), the former chief financial officer and the former finance director of Redcentric PLC have been convicted of: making false or misleading statements, contrary to section 89(1) of the Financial Services Act 2012; and false accounting, contrary to section 17(1)(a) of the Theft Act 1968. The … 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

Final FCA rules on climate-related financial disclosures by standard listed companies and revised guidance for all companies

The Financial Conduct Authority (FCA) has published a Policy Statement (PS21/23) and final rules and guidance in relation to climate-related financial disclosures for standard listed companies. It has also updated its guidance on climate-related disclosures for premium and standard listed companies. Rules for standard listed companies Under new Listing Rule 14.3.27R, standard listed companies are … Read more