Covid-19 – latest developments for corporate practitioners

Further guidance for companies has been published in light of the Covid-19 pandemic. Corporate reporting FRC Lab reports – The Financial Reporting Council’s (FRC) Financial Reporting Lab has published two reports which seek to give companies practical guidance on corporate reporting, and investor expectations, in light of the Covid-19 pandemic. Covid-19 – Resources, action, the … Read more

Covid-19 – latest developments for corporate practitioners

Further additional guidance for companies has been published in light of the Covid-19 pandemic. Company meetings FRC and BEIS Q&A on company meetings – The Financial Reporting Council (FRC) and Department of Business, Energy and Industrial Strategy (BEIS) have published updated Q&A and best practice guidance on AGMs and other general meetings, pending the Corporate … Read more

Signing off accounts published in the European single electronic format

The Department of Business, Energy and Industrial Strategy (BEIS) has published a policy paper outlining its position on the directors’ sign-off of accounts for companies that are subject to the requirements of the Transparency Directive and the EU Delegated Regulation on the use of the European single electronic format (ESEF). Under the Transparency Rules (DTR … Read more

COVID-19 – latest developments for corporate practitioners

Further guidance for companies has been published in light of the COVID-19 pandemic. Company meetings and other corporate actions Shareholder meetings – The Government has published the Corporate Insolvency and Governance Bill (together with Explanatory Notes) which contains relaxations to the company meeting requirements contained in the Companies Act 2006 (as well as the meeting … Read more

COVID-19 – latest developments for corporate practitioners

Further guidance for companies has been published in light of the COVID-19 pandemic. Corporate reporting Interim reports – The Financial Reporting Council (FRC) has updated its guidance for companies on corporate reporting during the COVID-19 pandemic by adding a section on interim results. It says that directors will need to exercise judgment about the nature … Read more

COVID-19 – latest developments for corporate practitioners

Further additional guidance for companies has been published in light of the impact of the COVID-19 pandemic. Company meetings and other corporate actions Shareholder meetings – The Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) have published a Q&A document on AGMs and other general meetings. The government announced in … Read more

COVID-19 – latest developments for corporate practitioners

In light of the widespread impact of COVID-19, various pieces of guidance have been published which companies should be aware of. Company meetings and other corporate actions Dividends – The London Stock Exchange (LSE) has published guidance in Market Notice N07/20 on payment dates under the 2020 Dividend Procedure Timetable. The Dividend Procedure Timetable says … Read more

FCA, PRA and FRC statements on corporate reporting and COVID-19

A series of actions and statements have been published by the FCA, PRA and FRC this morning in relation to corporate reporting and COVID-19. The FCA has published a statement which, in effect, gives listed companies an additional two months to finalise their annual report and accounts. Under DTR 4.1.3, companies have four months from their … Read more

Gender pay gap reporting deadline suspended

Due to the Coronavirus outbreak, the Government Equalities Office and the Equality and Human Rights Commission have this morning suspended enforcement of the gender pay gap deadlines for this reporting year (2019/20). The decision means that there will be no expectation on employers to report their data.  See the announcement here. Read more