Linklaters

The following topics are covered in this issue. Click on the links in the right hand column to read the individual articles or download the entire issue as a PDF. 

Final Walker Review published
Sir David Walker has published his final review of the corporate governance of banks and financial institutions.

Financial Services Bill published
The Bill focuses on enhancing the disciplinary and enforcement powers of the FSA and the prudential supervisory structure.

Revised Bribery Bill read in the Lords
A revised version of the Bribery Bill has received its first reading in the House of Lords.

BIS consults on statements of capital
The consultation follows identification of practical problems with the current requirements for share premium information.

Companies House FAQs on statements of capital
Companies House has added questions on the prescribed particulars of shares that must be included in statements of capital.

Change to disclosure of loans to directors in accounts
New regulations mean banks will be required to disclose the aggregate total amount, with no individual breakdown per director.

New ISC code for institutional investors
The Institutional Shareholders’ Committee has published a new code on the responsibilities of institutional investors.  

FRC highlights challenges for audit committees
The Financial Reporting Council has published a paper on the challenges for audit committees arising from the difficult economic conditions.

FSA publishes listing category allocation proposal
The FSA is allocating all securities to the relevant listing category within the new two-tier listing regime.