Climate change – Final FCA rules on climate change-related financial disclosures

The Financial Conduct Authority (FCA) has today published a Policy Statement (PS20/17) and final rules and guidance in relation to climate-related financial disclosures for UK premium listed companies. Companies will be required to include a statement in their annual financial report which sets out whether their disclosures are consistent with the Task Force on Climate-related Financial Disclosures … Read more

Recent additions to Corporate Notes

Updates to the Corporate Notes blog include a special edition of the FCA’s Primary Market Bulletin which covers Brexit; guidance on the European Single Electronic Format for annual reports; the FRC’s consolidated Covid-19 guidance; and news that restrictions on some insolvency proceedings have been extended. Consultations have begun on corporate transparency and Companies House reforms; … Read more

Special edition of the Primary Market Bulletin on Brexit

The Financial Conduct Authority (FCA) has published a special Primary Market Bulletin No.32 on Brexit to remind issuers and investors of the changes to the listing regime that will take effect at the end of the transition period on 31 December 2020. Issuers will need to ensure that their internal policies and procedures are updated to reflect … Read more

Guidance on European Single Electronic Format for annual reports

The FCA has published guidance on the requirement for listed companies to publish accounts in the European Single Electronic Format (ESEF) and the Department for Business, Energy and Industrial Strategy (BEIS) has updated its policy paper on ESEF. Under DTR 4.1.14, issuers will have to publish their annual reports in the ESEF (see our earlier … Read more

Covid-19: FRC consolidated guidance and extension of insolvency restrictions

The Financial Reporting Council (FRC) has published a consolidated and updated edition of its guidance for companies on corporate governance and reporting in light of Covid-19 and the Government has extended the temporary restrictions on winding up petitions. FRC guidance The new FRC guidance note incorporates and supersedes the guidance published by the FRC in March (see … Read more

Consultations on corporate transparency and Companies House

BEIS has published three consultation papers setting out proposed reforms in relation to increasing the powers of Companies House, improving the financial information which is filed with Companies House and implementing a ban on corporate directors. These consultations follow the Government’s consultation on options to enhance the role of Companies House and increase the transparency of UK corporate entities in 2019 … Read more

Our practical guide to terminating your contract

Parties to commercial contracts may wish to exit their contractual arrangements for all sorts of reasons. In many cases, they will have included in their contract a right to terminate in particular circumstances, and a process for doing so. Even where there is no express right to terminate, parties may be entitled to terminate under … Read more

Public M&A podcast – Takeover Panel consultation

In our latest public M&A podcast, we discuss the consultation paper published by the Takeover Panel (PCP 2020/1), in which it is proposing to amend various provisions in the Takeover Code relating to the conditions to an offer and to the offer timetable. The key changes include: removing the special treatment afforded to conditions relating … Read more

Recent additions to Corporate Notes

Updates to the Corporate Notes blog include news that relaxations of shareholder meetings rules due to Covid-19 will be extended; the FRC has released their annual review of the UK Corporate Governance Code; and the ISS and Glass Lewis institutional investor voting guidelines have been updated. We consider the latest IA guidance on executive remuneration; … Read more