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. 

• What is inside information? Lessons to be learned from FSA’s latest decision
  The Financial Services Authority has imposed a significant fine on a hedge fund and its portfolio manager for market abuse insider dealing.
• FSA consultation on rule changes
  The FSA has proposed changes to the listing rules in relation to reverse takeovers and special purpose acquisition companies.
• ICAEW publishes insight on activist shareholders
  The ICAEW has published a report on activist investors in UK quoted companies and the implications for corporate governance.
• Training for activists to campaign at AGMs
  Fair Pensions is training shareholder activists to help them “question the world’s biggest corporations face to face in 2012”.
• Government Red Tape Challenge looks at company law
  BIS has published a discussion paper seeking views on how the company law framework could be improved.
• Proposals to replace UK GAAP with a single financial reporting standard
  The Accounting Standards Board has published revised proposals for the future of financial reporting in the UK and Republic of Ireland. 
• SFO guide - “Serious Economic Crime – a boardroom guide to prevention and compliance”
  The Serious Fraud Office has published a guide to economic crime aimed specifically at board-level readers in UK and international businesses.