Uk Corporate Update.Linklaters
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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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