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Dec 3, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 15 November 2024, the FCA released Primary Market Bulletin 52, offering guidance on compliance with MAR and DTR requirements, particularly in identifying and disclosing inside information, managing shareholder communications, and handling Primary Information Provider (PIP) outages.
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Nov 4, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 8 October 2024, the Investment Association (IA) updated its Principles of Remuneration (and supporting guidance) (the IA Principles). These principles, and the accompanying guidance, are significantly more flexible and less prescriptive than previous iterations — and reflect the progressive market discussions on executive remuneration that have taken place in the UK in the last couple of years.
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Oct 4, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 6 September 2024, the Capital Markets Industry Taskforce (CMIT) published the Capital Markets Of Tomorrow report (CMOT). CMOT sets out the “UK elevator pitch” for the reformed UK capital markets, engages in some judicious myth-busting about the UK markets, identifies where more reform work is needed, and proposes a model which will help to deliver long-term growth for the UK economy.
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Oct 3, 2024 | 
lexology.com | Mark Austin |Richard Butterwick |Chris Horton |James Inness |Sam Newhouse |Anna Ngo
This Edition Covers Capital Markets Of Tomorrow Report Sets Out “UK Elevator Pitch” and Identifies Priority Areas to Deliver UK Economic Growth CMIT Calls for a More Effective Model for Stewardship in the UK Investors Call for Climate Strategy Vote at UK’s Largest Listed Companies FCA Updates Its Knowledge Base to Reflect the New UK Listing Regime Latham US FPI Guide — 2024 Edition Capital Markets Of Tomorrow Report Sets Out “UK Elevator Pitch” and Identifies Priority Areas to Deliver UK...
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Sep 3, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 13 August 2024, the Financial Reporting Council (FRC), as part of a cross-regulatory group comprising the FCA, Companies House, HMRC and Charity Commission for England and Wales, published a discussion paper on the future of digital reporting in the UK. This high-level paper addresses recent developments in the regulatory landscape affecting the digital reporting obligations of listed companies and seeks feedback on how to implement policy changes.
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Aug 6, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
The FCA’s radical overhaul of the UK’s listing framework came into effect on 29 July 2024. All premium listed commercial companies have automatically been mapped to a new listing category for equity shares (commercial companies) (ESCC) which replaces the previous premium and standard listing segments for commercial companies. Key points for listed companies mapped to the ESCC: Transactions — the regulation of material transactions entered into by ESCC companies is now disclosure-orientated.
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Jul 9, 2024 | 
jdsupra.com | Richard Butterwick |Catherine Campbell |Beatrice Lo
Enhanced SFO powers and promises of swifter action on economic crime underscore the importance of anti-fraud measures for corporates and M&A dealmakers. The UK government is cracking down on corporates turning a blind eye to fraud and other economic crime. Under new legislation set to take effect later this year, an organisation will be automatically liable for fraud committed by its employees and agents, as is already the case for bribery and the criminal facilitation of tax evasion.
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Jul 3, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 29 May 2024, the European Securities and Markets Authority (ESMA) issued a statement on good practices to be followed in relation to pre-close calls with research analysts. The calls take place immediately before the close periods preceding the publication of financial results.
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Jul 2, 2024 | 
lexology.com | Mark Austin |Richard Butterwick |Chris Horton |James Inness |Sam Newhouse |Anna Ngo
ESMA Identifies Good Practices That Companies Should Follow When Carrying out Pre-Close CallsOn 29 May 2024, the European Securities and Markets Authority (ESMA) issued a statement on good practices to be followed in relation to pre-close calls with research analysts. The calls take place immediately before the close periods preceding the publication of financial results.
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Jun 5, 2024 | 
jdsupra.com | Mark Austin |Richard Butterwick |Chris Horton
On 22 May 2024, the FCA published Primary Market Bulletin 49 (PMB 49) reminding listed companies of certain continuing obligations under the Listing Rules: Annual financial reporting — The FCA reminds companies of their disclosure and filing requirements for annual reports and provides observations on compliance rates.
