On 19 January 2022 the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 (“CFD Regulations”) were published. They will come into force on 6 April 2022 and apply in respect of any financial year of a company which commences on
Down the Wire
The latest news on law and regulation in the capital markets
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Climate Related Disclosures
The Financial Conduct Authority (“FCA”) published its Primary Market Bulletin 36 yesterday.
It introduces specific Task Force on Climate-related Financial Disclosures (TCFD) aligned climate-related disclosure requirements for listed companies and sets out the FCA’s disclosure expectations and supervisory strategy. Transparency…
London Readies for SPACs
The Financial Conduct Authority has published its final changes to the Listing Rules in order to encourage SPACs (special purpose acquisition companies) to list on the London Stock Exchange. The new rules will come into force on 10 August 2021.…
Financial Services Act 2021: Changes Ahead
The Financial Services Act 2021 has been published, making it the first financial services primary legislation passed by the UK Parliament since the UK left the European single market.
There are some important future changes that issuers need to be aware…
Restoring Trust in Audit and Corporate Governance: Consultation
Directors’ reporting and the statutory audit have taken a battering in light of recent corporate catastrophes such as Thomas Cook Group plc, Carillion plc and BHS. In response, the government commissioned three independent reviews in 2018: Sir John Kingman’s Independent…
Preparing for Your 2021 AGM and Reporting Season – What Should Be on the Agenda?
Many listed companies are now starting to prepare for the 2021 annual general meeting (“AGM”) season and plan their next annual report.
This note summarises what we think will be some of the key agenda items for 2021.…
The Investment Association – Shareholder Priorities for 2021
On 18 January 2021, the Investment Association (“IA”) published its shareholder priorities for listed companies in 2021. The publication:
…
Limit on Corporate Directors: Consultation Opens
The Department for Business, Energy and Industrial Strategy has opened a consultation on the Government’s proposed approach to restricting the use of corporate directors as part of its larger package to enhance corporate transparency, reform Companies House and fight economic…
The Investment Association Publishes Views on 2021 Executive Remuneration
On 16 November 2020, the Investment Association (“IA”) published amendments to its principles of remuneration for 2021 and updated its guidance on COVID-19 and executive pay.
IA Principles
The covering letter to chairs of remuneration committees of FTSE 350…
The Future of Annual Reporting?
The FRC have published a discussion paper in which they question whether the traditional concept of the annual report remains fit for purpose. Arguably, annual reports are too long, impenetrable and fragmented. In looking at the future of corporate reporting,…