Linklaters

European Commission proposes amendments to the Prospectus Directive
The European Commission has published proposed amendments to the Prospectus Directive.

FSA publishes rule amendments to introduce two-tier listing regime
A new listing regime will allow UK companies to apply for listing on the same, less onerous, basis as overseas companies.

New guidance on completing a statement of capital
Further guidance is available on how to fill in the statement of capital that companies will be required to file at Companies House.

Implementation of entrenchment provision postponed
Provisions which state that a provision for entrenchment in a company’s Articles can only be made in certain ways have been delayed.

Statement of compliance to be filed when Articles amended
Companies may need to file a statement of compliance each time they amend their Articles if the Articles contain certain provisions.

BIS guidance on constitutional documents
BIS has confirmed that companies' Articles can incorporate provisions of any set of Model Articles by cross-reference.

Defects in allotment and pre-emption provisions corrected
Regulations have been made to correct errors in the allotment and pre-emption provisions of the Companies Act 2006.

FSA Handbook amended to reflect Companies Act 2006
Amendments have been made to the Listing Rules and Disclosure and Transparency Rules to reflect the Companies Act 2006.