New Listing Rules come into force on 29 July 2024, implementing long-awaited reforms to the UK’s Listing Regime. The changes, which some have billed ‘radical’, form a critical component of the Government’s wider workstream to...more
On 6 March 2024, as part of its Spring Budget measures, the Government published a consultation on its proposed new ‘Private Intermittent Securities and Capital Exchange System’ (known as PISCES). The new platform will allow...more
The UK’s capital markets regulation is set to change over the course of the next year as the Government seeks to boost the UK’s competitiveness as an attractive listing destination for high growth companies. The FCA has...more
The Takeover Panel has just published its response statement (2020/1) making important changes to the Takeover Code regarding offer conditionality and timetable. They take effect on 5 July 2021 and will apply in relation to...more
The FCA has recently completed a review of the way in which UK issuers disclose changes to their total voting rights to the market and the resulting effect on major shareholding notifications. ...more
The Brexit transition period ended at 11:00 pm on 31 December 2020 and at the end of this transition period, the European Union (Withdrawal) Act 2018 converted existing EU legislation which had direct effect in the UK into UK...more
Recent changes introduced by the Financial Conduct Authority (FCA) -
On 21 December 2020, as we broke for Christmas, the FCA published new Listing Rule 9.8.6R(8) (LR) and guidance requiring commercial companies with a UK...more
1/8/2021
/ Annual Reports ,
Capital Markets ,
Climate Change ,
Cooperative Compliance Regime ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Statements ,
Green Finance ,
Listing Rules ,
Policy Statement ,
Publicly-Traded Companies ,
UK
HM Treasury has launched a review of the UK listings regime on the basis that - The UK listing regime is “ready for review”, in particular in order to reform the regime “to attract the most innovative and successful firms and...more
Two recent Financial Conduct Authority enforcement notices focus on when and how disclosures by a listed company may be considered misleading - a basic disclosure requirement that is sometimes taken for granted.
...more
The Financial Reporting Council (FRC), the body responsible for the UK Corporate Governance Code, has published guidance on best practice for holding AGMs, taking into account the impact of this year’s COVID-19 lock-down on...more
27 March 2020: The Financial Conduct Authority (FCA), Financial Reporting Council (FRC), Prudential Regulation Authority (PRA) and the European Securities and Markets Authority (ESMA) have announced a series of actions to...more
6/1/2020
/ Capital Markets ,
Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Reporting ,
Financial Reporting Council (FRC) ,
Investment ,
Prudential Regulation Authority (PRA) ,
Publicly-Traded Companies ,
Relief Measures ,
UK
The Financial Conduct Authority (FCA), Financial Reporting Council (FRC), Prudential Regulation Authority (PRA) and the European Securities and Markets Authority (ESMA) have announced a series of actions to ensure information...more
For obvious reasons, the finer points of the functioning and regulation of the UK's capital markets and corporate governance are not necessarily at the forefront of the minds of legislators and policy makers while addressing...more
Guide to the eligibility requirements and continuing obligations of admitting securities to the UK's key equity capital markets.
The UK has always been a popular destination for UK and overseas companies who are looking to...more
Hogan Lovells has prepared a roadmap of the key issues to consider when planning your listing in London.
...more
8/28/2019
/ AIM ,
Capital Markets ,
Corporate Governance ,
Due Diligence ,
Engagement Letters ,
Equity Securities ,
Financial Markets ,
Financial Transactions ,
Listing Standards ,
Offerings ,
Prospectus ,
Regulatory Standards ,
Share Capital ,
UK
Hogan Lovells Guide to the eligibility requirements and continuing obligations of admitting securities to the Premium, Standard and High Growth segments of the Main Market and AIM – (updated as at August 2019).
...more
New practical guidance for nominated advisers (Nomads) on the staffing of their corporate finance functions has been published by the London Stock Exchange (LSE) to enable Nomads to fulfil their obligations under the AIM...more
The events surrounding the Brexit negotiations continue to be in a state of flux - but we do have some clarity around the status of the Prospectus Regulation in the UK whatever the outcome of the UK Government's negotiations...more
A monthly newsletter covering topics of interest in the field of UK corporate law including mergers and acquisitions, listed companies, equity capital markets, corporate governance and general company law.
...more
9/26/2018
/ AIM ,
Corporate Governance ,
Disclosure Requirements ,
Disney ,
Enforcement Actions ,
Financial Markets ,
Financial Transactions ,
Initial Public Offering (IPO) ,
Insolvency ,
London Stock Exchange ,
New Guidance ,
Regulatory Standards ,
Shareholder Rights ,
Takeover Bids ,
UK
New guidance on how unconnected analysts can participate in the UK IPO process and access information from prospective issuers (Guidance) has been published by the Association for Financial Markets in Europe (AFME) and the...more
A monthly newsletter covering topics of interest in the field of UK corporate law including mergers and acquisitions, listed companies, equity capital markets, corporate governance and general company law. ...more
7/12/2018
/ AIM ,
Capital Markets ,
Corporate Governance ,
EU Prospectus Regime ,
Financial Conduct Authority (FCA) ,
Foreign Investment ,
Human Rights ,
London Stock Exchange ,
MiFID II ,
MLD5 ,
Natural Resources ,
Premium Listed Issuers ,
Reporting Requirements ,
UK ,
UK Brexit
From 1 July 2018, sovereign controlled companies will be able to admit their securities to listing on a new dedicated category of the FCA's premium listing regime....more
A monthly newsletter covering topics of interest in the field of UK corporate law including mergers and acquisitions, listed companies, equity capital markets, corporate governance and general company law.
...more
5/4/2018
/ Conversion ,
Corporate Governance ,
Doing Business ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
International Relations ,
Investment ,
London Stock Exchange ,
Money Laundering ,
Prospectus Regulation (PR3) ,
Regulatory Standards ,
Risk Management ,
Shareholder Rights ,
UK
The London Stock Exchange (LSE) has announced that its new AIM Rules for Companies (AIM Rules) and AIM Rules for Nominated Advisers (Nomad Rules) will come into force on 30 March 2018. ...more
Hogan Lovells Guide to the eligibility requirements and continuing obligations of admitting securities to the Premium, Standard and High Growth segments of the Main Market and AIM – (updated as at 1 March 2018).
...more