Reform of Companies House

The Government has today laid the Economic Crime and Corporate Transparency Bill (ECCT Bill) in Parliament which contains, among other things, draft amendments to the Companies Act 2006 to facilitate the reform of Companies House. The ECCT Bill follows an initial consultation in 2019, three follow-up consultations in 2020 and the white paper containing the … Read more

FRC Lab reports on ESG data production and disclosure of digital security risks

In August, the FRC Lab published two reports: Improving ESG data production – This report considers the current landscape and challenges for the production of ESG data and sets out actions that companies could take to improve how this data is collected. It is built around three elements – what motivates companies to collate ESG … Read more

Climate reporting – FCA and FRC reviews

The Financial Conduct Authority (FCA) and Financial Reporting Council (FRC) have published two reports on the quality of climate-related reporting by listed companies. For financial years beginning on or after 1 January 2021, premium listed commercial companies are required to include a statement in their annual financial report setting out whether they have made disclosures … Read more

‘On the horizon’ podcast

We have released our ‘on the horizon’ podcast, which is a short summary of the more material developments we expect to see in the next 6-12 months that will be of interest to listed companies. The podcast is available here: ‘on the horizon’ podcast. Read more

Consolidated corporate update January to June 2022

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 January to June 2022, and which are of relevance to UK listed companies. Please click here to see the full briefing. Read more

Updated FRC Guidance on Strategic Report

The Financial Reporting Council (FRC) has published an updated version of its Guidance on the Strategic Report. The disclosures required in strategic reports are governed by the nature of the reporting entity. The Guidance therefore aims to assist companies in determining which provisions of the Companies Act 2006 on the content of the strategic report … Read more

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