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

Payment practices – statutory review of the regulations published

The Department for Business, Energy and Industrial Strategy has published its statutory review of the Reporting on Payment Practices and Performance Regulations 2017. This follows its call for evidence on the Regulations issued in November 2021 (see our blog post here). Large UK companies and LLPs are required to report on their payment practices, policies and … Read more

Ethnicity pay gap reporting

The Government has announced that it does not currently intend to adopt any mandatory ethnic pay gap reporting measures. It will instead be publishing guidance for those employers wishing to publish this data voluntarily. In 2018 the Government published a consultation paper on ethnicity pay reporting. It had proposed that there should be a mandatory … 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

Investment Association’s updated statement on shareholder priorities

The Investment Association (IA) has published a document discussing its listed company shareholder priorities for 2022. First published in January 2020, the IA Shareholder Priorities document outlines investors’ expectations for the coming year and sets out how the Institutional Voting Information Service (IVIS), which is part of the IA, will analyse these issues for companies … Read more

Reform of Companies House and ban on corporate directors

The Government has published a White Paper on the reform of Companies House. Under the reforms, Companies House will be given greater powers in relation to information on the register, identity-verification requirements will be introduced for all new and existing company directors, and the ban on corporate directors will be implemented. The response follows an initial … Read more

Review of the application of the Wates Principles for large private companies

The Financial Reporting Council (FRC) has published its first review of the application of the Wates Corporate Governance Principles by large private companies. Under the Large & Medium-Sized Companies and Groups (Accounts & Report) Regulations 2008, for accounting years beginning on or after 1 January 2019 in-scope companies are required to include a statement in … Read more