Recent additions to Corporate Notes

    Recent additions to the Corporate Notes blog include a post on changes to the listing regime, setting out FCA guidance which confirms that the way in which investors submit TR-1 notifications of major shareholidngs will change from 22 March 2021. Our other recent posts include a review of the implications of the Pension Schemes Act … Read more

    Listing regime – changes to process for notification of investor dealings

    The Financial Conduct Authority (FCA) has confirmed that the way in which investors submit TR-1 notifications of major shareholdings will change from 22 March 2021. The FCA announced that it would make changes to the submission process in November 2020 (see our corporate update 2020/22). From 22 March 2021, all TR-1 notifications in relation to … Read more

    Pensions – implications of the Pension Schemes Act 2021 for corporates

    The Pension Schemes Act 2021 introduces significant reforms of the regulatory regime for defined benefit (DB) pension schemes. The Act introduces new criminal offences and civil sanctions which could be applied to company directors, lenders, investors, sellers, purchasers and advisers who take action which, broadly speaking, is materially detrimental to a DB scheme and where … Read more

    Drafting contracts – key lessons from 2020

    In our annual contract law update we consider a number of interesting contract law cases from 2020 which highlighted key points for those involved in drafting or managing contracts. The cases we have chosen deal with formation, variation, interpretation, good faith, force majeure and notice provisions. In each case we give a brief summary of the … Read more

    Recent additions to Corporate Notes

    Recent updates to the Corporate Notes blog include a GC100 discussion paper on the current state of annual general meetings, proposals for their reform, and a call for certainty on the validity of virtual-only shareholder meetings. Our other recent post looks at an FCA and FRC statement reminding issuers of the temporary relaxations available in … Read more

    FCA and FRC statement on reporting deadlines

    The Financial Conduct Authority (FCA) and Financial Reporting Council (FRC) have published a joint statement reminding issuers of the temporary relaxations to the usual timeframes for publication of the annual report and accounts in light of the ongoing Covid-19 pandemic. Under the relaxations, issuers have an additional two months to finalise their annual report and accounts (so they … Read more

    Annual general meetings – GC100 discussion paper

    The GC100, the association of general counsel and company secretaries of FTSE 100 companies, has published a discussion paper on shareholder meetings, titled “Shareholder Meetings – Time for Change?”. The paper reviews the current format of annual general meetings (AGMs). It notes the typically low attendance and participation rates at physical meetings and that very … Read more