FCA consultation on diversity-related disclosures by listed companies

The Financial Conduct Authority (FCA) has published a consultation paper (CP21/24) on proposals to require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level. The consultation follows the publication earlier this year of the five year summary report of the Hampton-Alexander Review on … Read more

FCA publishes final SPACs rules

The Financial Conduct Authority (FCA) has published the final rule changes to the Listing Rules (PS 21/10) for special purpose acquisition companies (SPACs). A SPAC is a shell company which raises funds through an initial public offering (IPO) of its shares and lists, with the objective of using the funds raised to buy one or … Read more

Listing Review – FCA consultation on removing barriers to listing

The FCA has published a consultation paper (CP21/21) in which it is seeking views on the listing regime and proposing targeted changes to the regime to remove rules that are seen as barriers to listing in London. The consultation paper follows on from the Hill Review discussed in item 2 above. The key proposals on … 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 January to June 2021, and which are of relevance to UK listed companies. The briefing is available here. Read more

Listing Regime – FCA consultation on enhanced climate-related financial disclosures

The Financial Conduct Authority (FCA) has published a consultation paper (CP21/18) on proposals to require standard listed companies to make additional climate-related financial disclosures. The consultation follows the introduction of a rule (Listing Rule 9.8.6(8)) requiring premium listed companies to report climate-related information in line with the Recommendations published by the Task Force on Climate-related Financial … Read more

Mandatory climate-related reporting for UK incorporated large private companies and LLPs

Our latest briefing looks at the Government’s proposal to introduce mandatory climate-related reporting for UK incorporated large private companies and LLPs. These entities will have to report in line with the Task Force on Climate-related Financial Disclosures’ (TCFD) Recommendations – but not the TCFD Recommended disclosures. Our briefing looks at the nature of these disclosures, … Read more

Listing regime – proposed power to block listings on national security grounds

The Treasury has published a consultation on a Power to block listings on national security grounds. It says that concerns have been raised about the possible links between a listing and national security and that it therefore wants to have power to block listings on national security grounds. The Government believes that the scenarios in … Read more

Listing regime – FCA consultation on SPACs

The FCA has published a consultation paper on investor protection measures for special purpose acquisition companies (SPACs). It is proposing to amend the Listing Rules for SPACs that have stronger investor protection features. A SPAC is a shell company which raises funds through an initial public offering (IPO) of its shares and lists, with the … Read more

Listing regime – latest FCA Primary Market Bulletin

The Financial Conduct Authority (FCA) has published the 33rd edition of its Primary Market Bulletin (PMB No.33). It contains an update on various issues, including the FCA’s review of delayed disclosure notifications. Feedback on review of delayed disclosure notifications In November 2020, the FCA published a review of notifications of delayed disclosure of inside information … Read more