News & Analysis as of

United Kingdom Proposed Amendments Corporate Governance

BCLP

Takeover Panel Consultation and New Practice Statements

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The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with...more

BCLP

FRC Revises UK Corporate Governance Code

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Following the May 2023 consultation on the UK Corporate Governance Code (“Code”), the FRC has published a revised Code. The changes focus primarily on one area - Internal Controls whilst other changes have been kept to a...more

Latham & Watkins LLP

Recent Developments for UK PLCs - June Edition

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This edition covers proposed major reforms to the listing and prospectus regimes, corporate governance reforms largely relating to audit and internal controls, and proposed changes to the Takeover Code affecting the...more

BCLP

FRC publishes consultation on the UK Corporate Governance Code

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Following the government’s white paper on ‘Restoring trust in audit and corporate governance’, the FRC has published a consultation on the UK Corporate Governance Code (“Code”). ...more

Latham & Watkins LLP

Report Identifies Weaknesses in UK Companies’ Modern Slavery Act Statements

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A recent report concluded that modern slavery considerations are still not a mainstream concern for many companies. In April 2022, the Financial Reporting Council, the Independent Anti-Slavery Commissioner, and Lancaster...more

BCLP

FCA consultation on Primary Markets Effectiveness

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Lord Hill’s review of the Listing Regime along with the Kalifa Review of UK FinTech highlighted specific elements of the listing regime that act as barriers to companies listing. According to the Lord Hill’s review, the...more

Latham & Watkins LLP

FCA Consults on Rule Changes to Accommodate SPACs

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Proposed changes to the UK Listing Rules would allow certain SPACs to avoid a listing suspension. Key Points: ..The FCA is proposing to amend its rules so that SPACs meeting certain conditions and disclosure...more

Foley Hoag LLP - Global Business and Human...

Modernizing the Modern Slavery Act: Parliamentary Review Commission Issues Second Report on 2015 UK Law

On January 22, an independent commission of three parliamentarians established to review the UK’s Modern Slavery Act released the second of four installments of its report suggesting amendments and improvements to the 2015...more

Katten Muchin Rosenman LLP

Corporate & Financial Weekly Digest, Featuring Articles on the Nasdaq Rule, Swaps, Brexit, and UK Securitization Regulations

BROKER-DEALER - FINRA Proposes Rule Change Relating to Rule 4512 (Customer Account Information) On November 28, the Financial Industry Regulatory Authority filed a proposed change to Rule 4512(a)(3) (Customer Account...more

Latham & Watkins LLP

Proposals to Shake Up the UK IPO Timetable

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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

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