UK Corporate Update - 12 November 2015

The following topics are covered in this issue. Click on the link in the right hand column to read the full article or download the entire issue as a PDF. 

Lord Davies sets new target of 33% women on boards by 2020

Lord Davies has published his final report on improving the gender balance on UK boards.

FRC seeks views on board succession planning

The Financial Reporting Council is seeking to identify good practice in relation to succession planning.

BIS consults on regulations to limit length of audit engagements

The Department for Business, Innovation and Skills is consulting on draft regulations to implement the EU Audit Directive in the UK and its implementation options under the EU Audit Regulation.

ESMA statement on quality of disclosures in financial statements

The European Securities and Markets Authority is calling for an improvement in the quality of disclosures in financial statements.

Impact of new market abuse regulation on UK rules

The EU Market Abuse Regulation is forcing the FCA to delete or convert into guidance its rules on market abuse, disclosure of inside information and share dealings.

Transparency Directive changes take effect soon

The FCA has published the final rule changes necessary to implement the amended EU Transparency Directive. 

Schemes of arrangement and stamp duty: change in HMRC practice

HMRC has issued new guidance, changing its view and practice regarding how stamp duty is paid on transfer schemes of arrangement.

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