What is PISCES?
The Private Intermittent Securities and Capital Exchange System (PISCES) is a UK government–backed initiative designed to enable private companies to offer and trade their existing shares in a controlled,...more
8/1/2025
/ Alternative Trading System (ATS) ,
Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Investors ,
London Stock Exchange ,
Private Equity ,
Private Placements ,
Privately Held Corporations ,
Regulatory Oversight ,
Securities Regulation ,
Trading Platforms ,
UK
The keenly awaited details of the EU’s proposed first omnibus package were published on 26 February 2025. The package includes amendments to the Corporate Sustainability Reporting Directive (CSRD) (including revision and...more
3/13/2025
/ Corporate Governance ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Investment Funds ,
Private Equity ,
Regulatory Burden ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance ,
Taxonomy
On 11 July 2024, the UK’s Financial Conduct Authority (the FCA) unveiled its final UK Listing Rules for the Main Market, set to take effect on 29 July 2024. These reforms represent the most significant transformation of the...more
Following the recent changes made to the UK Listing Rules that require Main Market–listed companies to comply with or explain against target board diversity disclosure and diversity data-reporting requirements, London is...more
On 22 January 2024, the Financial Reporting Council (the FRC) published revisions to the UK Corporate Governance Code (the 2024 UKCGC), replacing the 2018 version with effect from financial years commencing on or after 1...more
2/9/2024
/ Amended Legislation ,
Board of Directors ,
Compliance ,
Corporate Counsel ,
Corporate Governance ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Equal Opportunities ,
Financial Reporting Council (FRC) ,
Internal Controls ,
New Guidance ,
Reporting Requirements ,
UK
On 20 December 2023, the UK Financial Conduct Authority (the “FCA”) published a further consultation paper (CP23/31) (the “December Consultation Paper”) for reforming the UK listing regime....more
1/17/2024
/ Alternative Investment Markets (AIM) ,
Capital Markets ,
Comment Period ,
Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
Listing Rules ,
Listing Standards ,
London Stock Exchange ,
Nasdaq ,
Public Consultations ,
UK
On 26 June 2023, the International Sustainability Standards Board (“ISSB”) issued its first two sustainability standards, IFRS S1 and IFRS S2. These standards, which incorporate the recommendations of the Task Force on...more
9/7/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Emerging Growth Companies ,
Environmental Social & Governance (ESG) ,
Financial Reporting ,
IFRS ,
Life Sciences ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Technology Sector
On 3 May 2023, the UK Financial Conduct Authority (the “FCA”) published significant further proposals in a consultation paper (CP23/10) for reforming the UK listing regime....more
5/22/2023
/ Alternative Investment Markets (AIM) ,
Capital Markets ,
Corporate Governance ,
Emerging Growth Companies ,
Emerging Technology Companies ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
FTSE ,
Listing Rules ,
Listing Standards ,
London Stock Exchange ,
Nasdaq ,
Prospectus ,
Regulatory Agenda ,
Stock Exchange ,
UK
On 29 March 2023, the chief executive of the UK Financial Conduct Authority (FCA), Nikhil Rathi, delivered a speech at the Global Investment Management Summit in London on the wider UK capital markets ecosystem, which...more