The regulatory regime and disclosure requirements for listed companies in the UK will continue to evolve in 2020. Issuers and their advisers should be aware of the key legal developments that will occur during this year,...more
1/24/2020
/ Climate Change ,
Commission Delegated Regulation ,
Corporate Governance ,
Disclosure Requirements ,
Diversity ,
Environmental Social & Governance (ESG) ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Prospectus Regulation (PR3) ,
Publicly-Traded Companies ,
Regulatory Standards ,
Reporting Requirements ,
Shareholder Rights ,
Shareholders ,
Small and Medium-Sized Enterprises (SMEs) ,
Transparency ,
UK
New length restrictions will require issuers to focus on key information for investors.
Under the Prospectus Regulation, which comes into force on 21 July 2019 (See EU Prospectus Regulation: New Format and Content...more
Cornerstone investments can assist a firm’s overall exit objective, particularly when there are bidders for a portfolio company but no outright buyer.
Cornerstone investments, which involve taking a stake in an...more
The FCA found that three asset managers breached competition law by sharing information in relation to securities offerings.
Key Points:
..The decision gives market participants some helpful indications as to what kinds...more
The revised Code clarifies requirements for accountability, workforce engagement, and board diversity.
Key Points:
..The revised Code focuses on the application of flexible Principles on a “comply or explain”...more
The FCA has created a new category for sovereign controlled companies who will be eligible for premium listing if they comply with the requirements applicable to premium listed issuers, with some key exceptions.
Further to...more
The Financial Conduct Authority has published final rules creating a new category within its premium listing regime for companies controlled by a shareholder that is a sovereign country.
From 1 July, 2018, an issuer with a...more
Latham & Watkins recently advised the largest global music streaming subscription service in the world, Spotify, on its successful New York Stock Exchange (NYSE) listing using a novel direct listing process.
Spotify’s...more
Companies should conduct thorough due diligence in light of closer scrutiny from stakeholders and governmental and non-governmental bodies.
Companies are facing increasing pressure to report on environmental, social, and...more
3/13/2018
/ BEIS ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Policies ,
Financial Reporting ,
Reporting Requirements ,
Shareholder Activism ,
Shareholders ,
Stakeholder Engagement ,
UK
Special purpose acquisition companies, or SPACs, are companies that are incorporated for the purpose of making one or more strategic acquisitions. SPACs are also referred to as “blank check” companies or “cash shells”, which...more
The new rules are designed to improve the availability of information during the UK IPO process.
Key Points:
..New rules will be introduced from 1 July 2018 to change the timing and sequencing of the availability of...more
On 13 July 2017, the Financial Conduct Authority (FCA) proposed a relaxation of certain aspects of the premium listing segment for sovereign-controlled companies.
The proposed new rules will create a new premium listing...more
A new prospectus regulation (Regulation (EU) 2017/1129) (the Regulation) will come into direct effect on 20 July 2017, with a small number of provisions applying immediately and the remainder applying from 21 July 2019. The...more
The FCA seeks to improve transparency in the UK equity IPO process.
The FCA is proposing significant reforms to the UK equity IPO process, in order to address its concerns that investors should be receiving better...more