The Financial Conduct Authority (FCA) has published a special Primary Market Bulletin No.32 on Brexit to remind issuers and investors of the changes to the listing regime that will take effect at the end of the transition period on 31 December 2020. Issuers will need to ensure that their internal policies and procedures are updated to reflect … Read more

The Financial Conduct Authority (FCA) has published Primary Market Bulletin 31 (PMB 31), and through it publicised two recent reviews it has undertaken into delayed disclosure of inside information and corporate governance disclosures by listed issuers. Delayed disclosure of inside information The FCA has reviewed the delayed disclosure of inside information notifications (DDIINs) it has received. Under Article 17(4) of … Read more

The Financial Services Bill has been introduced to Parliament. It amends certain aspects of the legislative and regulatory framework for financial services following the end of the Brexit transition period, currently scheduled to be 31 December 2020. The Bill proposes changes to the EU Market Abuse Regulation (EU MAR) regime as it will apply in the … Read more

The Financial Conduct Authority (FCA) has announced that it has begun criminal proceedings against the former chief executive, the former chief financial officer and the former finance director of Redcentric Plc. The company issued unaudited interim results in November 2015 and audited final year results in June 2016 which it is alleged materially misstated its net debt … Read more

The FCA has publicly censured the former Chief Executive Officer of Worldspreads Group plc, a company which was traded on AIM, for market abuse. Worldspreads, a financial spread betting company, was admitted to trading on AIM in August 2007. The FCA found that the admission documents contained misleading information in relation to Worldspreads’ financial position … Read more

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

The Financial Conduct Authority (FCA) has censured Redcentric PLC for market abuse. Redcentric has agreed to pay compensation to affected investors. The FCA found that Redcentric, which is admitted to trading on AIM, issued unaudited interim results in November 2015 and audited final year results in June 2016 which materially misstated its net debt position … Read more

The Financial Conduct Authority (FCA) has published a Primary Market Bulletin (PMB No. 29), in which it sets out the results of its consultation (in PMB No. 25) on best practice for government departments, industry regulators and public bodies on identifying, controlling and disclosing inside information. It has also published its finalised best practice note. … Read more