The following topics are covered in this issue. Click on the pink headings below to read the articles. If you would like to print UK corporate update click here for a PDF version ... Commencement of remaining provisions of Companies Act 2006 The order that will commence the remaining provisions of the Companies Act 2006 on 1 October 2009 has now been laid before Parliament. Finalisation of the order is an important step in the implementation of the Act and will help companies plan for their AGMs in 2009 ICSA updates guidance on the role of the company secretary The guidance note draws together the company secretary’s main responsibilities in the field of corporate governance FRRP revises priority sectors and reminds companies of business review requirements The Financial Reporting Review Panel has announced priority sectors for its review of annual accounts and directors' reports in 2009/10. It has also explained how it will assess new business review requirements ICAEW guidance on financial and accounting duties and responsibilities of directors The guidance summarises the financial and accounting duties of directors as set out in the Companies Act 2006. It also outlines directors' duties in particular corporate transactions FSA implements minor change to its emergency short selling rules Short Selling (No. 4) Instrument 2008 amends the Market Conduct Sourcebook to clarify the requirement for "adequate ongoing disclosure" of short positions FSA updates short selling FAQs Version 4 contains two main changes from the previous version FSA publishes guidance on market abuse controls This includes informal guidance on market abuse controls recommended following FSA visits to hedge fund managers FSA issues update on enforcing the market abuse regime The head of the FSA's wholesale department recently explained the FSA's approach to policing the market abuse regime in current market conditions |
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