European Single Electronic Format

In December 2019, the Financial Conduct Authority (FCA) published its Handbook Notice 72 which set out changes to the FCA Handbook to reflect the implementation requirements for annual corporate reporting in the European single electronic format (ESEF) under the Transparency Directive (2004/109/EU). The changes correspond with the ones proposed in the FCA’s September 2019 consultation … Read more

Consultation on changes to the Listing Rules

In December 2019, the Financial Conduct Authority (FCA) published its quarterly consultation paper (CP19/33) which proposed changes to the FCA Handbook, including to the Listing Rule requirements on putting documents on display and disclosure of rights attaching to shares. Documents on display It is proposed that the requirements in LR 13 on shareholder circulars and … Read more

Updated FCA Guidance Notes

The Financial Conduct Authority (FCA) published the 24th edition of its Primary Market Bulletin in October 2019. It contained details of changes to the FCA Guidance Notes on the FCA Knowledge Base, including: two guidance notes, Compliance with the Listing Principles and Premium Listing Principles (FCA/TN/203.4) and Primary Market Oversight and Listing Transactions (FCA/PN/908.2), have … Read more

AIM company censured for breach of AIM rules

The London Stock Exchange (LSE) published a disciplinary notice (AD 22) in July 2019, in relation to Telit Communications plc for breaches of the AIM Rules. The company has been publicly censured and was intended to be fined £350,000, but the LSE decided to waive the fine given the difficulties faced by the board and … Read more