An update on legal and regulatory developments for UK public companies....more
2/2/2026
/ Corporate Governance ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Reporting ,
Listing Rules ,
Publicly-Traded Companies ,
Regulatory Reform ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
On 22 January 2024, the Financial Reporting Council (FRC) published the updated UK Corporate Governance Code, applying to accounting periods beginning on or after 1 January 2025. The first annual reports addressing the new...more
In this publication, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead....more
1/7/2026
/ Artificial Intelligence ,
Consumer Financial Products ,
Corporate Governance ,
Deregulation ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HM Treasury ,
Prudential Regulation Authority (PRA) ,
Prudential Standards ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 8 December 2025, the GC100 published guidance to support UK companies that wish to hold virtual-only shareholder meetings — in anticipation of the government’s proposed update to the Companies Act 2006 to clarify that...more
12/10/2025
/ Alternative Investment Markets (AIM) ,
Companies Act ,
Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Dual Class Share Structures ,
Financial Reporting Council (FRC) ,
New Guidance ,
Public Limited Companies (PLC) ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Remuneration ,
Reporting Requirements ,
Shareholder Meetings ,
Takeover Code ,
UK ,
UK Companies Acts ,
UK Takeover Panel ,
Virtual Meetings
On 21 October 2025, the UK government announced it will introduce reforms that would reduce corporate reporting and governance compliance burdens on UK listed companies. ...more
11/4/2025
/ Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Reporting Council (FRC) ,
Insider Information ,
Listing Rules ,
Market Abuse ,
New Legislation ,
Prospectus ,
Publicly-Traded Companies ,
Regulatory Reform ,
Reporting Requirements ,
UK
FCA Proposes to Relax Disclosure Requirements for Share Buybacks -
On 10 September 2025, the FCA published its quarterly consultation paper No.49, which proposed (among other things) amendments to its UK Listing Rules...more
10/1/2025
/ Consultation ,
Directors ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Foreign Private Issuers ,
Legal Advice Privilege ,
Listing Rules ,
Market Abuse ,
Proposed Amendments ,
Public Limited Companies (PLC) ,
Publicly-Traded Companies ,
Share Buybacks ,
Shareholder Litigation
On 7 August 2025, the FCA published its review of share buybacks in UK listed equities, which analysed data on share buybacks executed for FTSE 350 issuers, as well as feedback from banks, issuers, investor representatives,...more
9/3/2025
/ Banks ,
Capital Markets ,
Corporate Governance ,
Disclosure Requirements ,
Dividends ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FTSE ,
Listing Rules ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Share Buybacks ,
UK
On 15 July 2025, the FCA published PS25/9 and PS25/10 outlining its final rules for the new Public Offers and Admissions to Trading regime, which will supersede the existing UK Prospectus Regulation from 19 January 2026....more
8/1/2025
/ Deregulation ,
Digital Securities ,
Disclosure Requirements ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
Prospectus Regulation (PR3) ,
Public Offerings ,
Regulatory Burden ,
Share Buybacks ,
Takeovers ,
Trading Policies ,
UK
On 15 July 2025, the FCA published PS25/9 and PS25/10 outlining its final rules for the new Public Offers and Admissions to Trading regime, which will supersede the existing UK Prospectus Regulation from 19 January 2026. This...more
7/16/2025
/ Capital Markets ,
Climate Change ,
Corporate Financing ,
Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Initial Public Offering (IPO) ,
Listing Rules ,
Prospectus ,
Public Offerings ,
Retail Investors ,
UK
Final report recommends the digitisation of UK shareholdings through a fully intermediated system of shareholding, with an interim phase of digitised share registers....more
On 5 June 2025, the GC100 and Investor Group published an updated version of their Directors’ Remuneration Reporting Guidance. This revision reflects evolving best practices and incorporates changes introduced by the...more
7/2/2025
/ Amended Regulation ,
Corporate Governance ,
Corporations Code ,
Directors ,
Disclosure Requirements ,
Executive Compensation ,
Financial Conduct Authority (FCA) ,
Guidance Update ,
Listing Rules ,
New Guidance ,
Publicly-Traded Companies ,
Reporting Requirements ,
Sustainability ,
UK
On 10 June 2025, the FCA unveiled its final proposals for the Private Intermittent Securities and Capital Exchange System (PISCES), following a comprehensive consultation process. The proposals mark a significant step in the...more
On 3 June 2025, the Financial Reporting Council (FRC) published the UK Stewardship Code 2026. The new Code, effective from 1 January 2026, aims to foster long-term sustainable value creation and improve engagement quality...more
6/6/2025
/ Corporate Governance ,
Corporate Taxes ,
Corporate Transparency Act ,
Disclosure Requirements ,
Financial Reporting ,
Financial Reporting Council (FRC) ,
Fraud ,
Investors ,
Market Participants ,
New Legislation ,
Publicly-Traded Companies ,
Reporting Requirements ,
Securities Regulation ,
Stewardship Code ,
UK
Until recently, the UK and EU post-Brexit market abuse regimes remained substantially aligned. However, the passing of the EU Listing Act reforms in 2024 has meant that UK and EU MAR have started to diverge meaningfully for...more
5/12/2025
/ Capital Markets ,
Corporate Governance ,
Disclosure Requirements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Financial Regulatory Reform ,
Insider Trading ,
Listing Standards ,
New Legislation ,
PDMR ,
Regulatory Reform ,
Reporting Requirements ,
Securities Regulation ,
UK
On 14 April 2025, the FCA published its updated regulatory initiatives grid, which sets out its regulatory pipeline — the first update since the new UK government came to power. The new grid outlines the expected timings of...more
This publication provides an overview of the top trending issues as we approach this year’s AGM and reporting season. We highlight key legal and regulatory developments impacting AGM and annual reporting practices....more
The FCA is approaching its design of the world’s first regulated private/public crossover market with a “private plus” rather than a “public minus” mindset.
On 17 December 2024, the FCA launched a consultation on its...more
12/18/2024
/ Capital Markets ,
Consultation ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Investors ,
Private Investment Funds ,
Proposed Rules ,
Retail Investors ,
Sandbox ,
UK
The proposals seek to address engagement feedback which called for a more effective stewardship model that would support UK competitiveness and growth.
On 11 November 2024, the Financial Reporting Council (FRC) launched...more
The world’s first regulated private/public crossover market is significantly redesigned as a friction-free “private up” rather than “public down” market with rethought approach to disclosure and market abuse....more
11/18/2024
/ Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Financial Markets ,
High Net-Worth ,
HM Treasury ,
Institutional Investors ,
Market Abuse ,
Privately Held Corporations ,
Sandbox ,
Takeover Code ,
Trading Platforms ,
Trading Policies ,
UK
Recent reforms in the UK market have led to less prescriptive executive remuneration principles that encourage companies to tailor structures to their business, strategy, and performance while consulting with shareholders....more
On 26 July 2024, the FCA published consultation papers on a new public offers and admissions to trading regime to replace the existing UK Prospectus Regulation, and on proposals to establish public offer platforms (POPs) as a...more
The new regime modernises the listing framework while maintaining robust standards to protect investors and ensure market integrity.
On 11 July 2024, the FCA released the final rules for the new UK listing regime, which...more
UK Chancellor launches consultation on the proposed Private Intermittent Securities and Capital Exchange System (PISCES) as part of the Spring Budget.
On 6 March 2024, HM Treasury published a consultation paper seeking...more
3/7/2024
/ Capital Raising ,
Consultation ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services and Markets Act ,
HM Treasury ,
Privately Held Corporations ,
Retail Investors ,
Sandbox ,
Trading Platforms ,
Trading Policies ,
UK
This publication provides an overview of the top trending issues as we approach this year’s AGM and reporting season. We highlight key areas of AGM practices and reporting that will need to adapt to recent legal and...more
1/15/2024
/ Artificial Intelligence ,
Climate Change ,
Corporate Governance ,
Cybersecurity ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Investors ,
Proxy Season ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Reporting Requirements ,
UK
The consultation paper confirms a radical approach to bolster the international competitiveness of the UK markets and return to a disclosure-based listing framework.
The FCA today published consultation paper CP23/31...more