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 July to December 2022, and which are of relevance to UK listed companies. The briefing is available here. Read more

A key focus for many UK listed companies at this time of year is finalising their annual report and preparing for their annual general meeting. This snapshot considers developments and issues arising in practice over the last 12 months which impact on the 2022 annual report and the AGM in 2023. The most significant development for companies … Read more

The FCA has published a consultation paper (CP23/2) on streamlining the rules relating to structured electronic reporting. Under DTR 4.1.14, listed companies are required to publish their annual report in the single electronic format specified in the UK Transparency Directive European Single Electronic Format Regulation (the ESEF Regulation), the UK version of EU Regulation 2019/815 on the … Read more

The EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (CSRD) has been published in the Official Journal of the European Union. It will enter into force on 5 January 2023. Notwithstanding the UK’s withdrawal from the EU, the CSRD may impact UK companies because of its extra-territorial application. Companies within scope of the CSRD will be required to … Read more

The Financial Reporting Council (FRC) has published guidance for companies preparing their annual report and accounts (ARA) as part of its “What Makes a Good” publication series. The FRC focuses on two core themes which it believes underpin a good ARA: Corporate reporting principles – These are the principles that the FRC says that issuers should follow when … Read more

The Financial Conduct Authority (FCA) has published market guidance for issuers, on a range of topics, in Primary Market Bulletin 42 and for firms, on insider lists, in Market Watch 71. Primary Market Bulletin No. 42 Topics covered in Primary Market Bulletin 42 include: Unlawful disclosure of inside information – The FCA describes the situations and types of behaviour that crop up repeatedly in enquiries … Read more

The Financial Reporting Council (FRC) has published its annual review of corporate reporting for 2021/22 and its annual review of corporate governance reporting for 2022. Review of corporate governance reporting The FRC’s annual review of corporate governance reporting discusses the quality of reporting against the UK Corporate Governance Code in 2022 and its expectations for companies reporting in … Read more

The FRC Lab has published a report on net zero disclosures, which form part of the commitments companies make to reduce their greenhouse gas emissions. The report looks at how investors use these disclosures, investor views on current standards on net zero disclosures, and the challenges facing companies in making the disclosures. The FRC Lab has … Read more