UK Corporate Update - May 2016

MAR: FCA publishes rule changes

The Financial Conduct Authority has published changes to its handbook which confirm how UK listed companies will be expected to comply with the new EU Market Abuse Regulation from July.

MAR: changes to AIM Rules

Amendments to the AIM Rules for Companies are now open for consultation.

AIM companies prepare for MAR

The London Stock Exchange has published an edition of Inside AIM to support nominated advisers who are preparing their clients for the implementation of the Market Abuse Regulation.

FCA proposes changes to the IPO process

The FCA has published a Discussion Paper on IPO process reform as part of its investment banking market review.

UKLA procedural and technical notes to be amended

In Primary Market Bulletin 13 the UKLA proposes amendments to certain procedural and technical notes.

PRA tells boards of financial institutions how to avoid failure

The Prudential Regulation Authority has published its final supervisory statement on the collective responsibilities shared by board members.

Capitalisation and indebtedness statement – reflection of recent or future changes

The European Securities and Markets Authority has published an updated version of its prospectus Q&As.

Directors details and registered offices – new regulations in force

Two sets of regulations, made under the Small Business Enterprise and Employment Act 2015 came into force on 6 April.

EU Referendum: guidance on referendum expenditure

The Electoral Commission and the Government have published guidance for organisations on whether spending on common activities counts as “referendum expenditure”.

Smaller related party transactions- change to Technical note

The FCA is consulting on proposed changes to Technical Note 308.2, Related party transactions – Modified requirements for smaller related party transactions.

FRC confirms changes to role and composition of audit committees to reflect EU audit law

The FRC has published revised versions of the UK Corporate Governance Code and its Guidance on Audit Committees.

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