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FCA offers flexibility for Sustainability Disclosure Requirements (SDR) ‘naming and marketing’ rules compliance

On 9 September 2024, the FCA confirmed that it is offering “limited temporary flexibility” until 2 April 2025 for firms to comply with the ‘naming and marketing’ rules under the UK Sustainability Disclosure Requirements....more

New UK listing rules: Implications for London listed investment companies

The new UK Listing Rules came into force on 29 July 2024. The new rules seek to institute a simpler, more flexible, disclosure-based listing regime and are designed to place London on a competitive footing with other major...more

UK FCA Discussion Paper on updating and improving the UK regime for asset management

The Financial Conduct Authority has published a discussion paper, ‘Updating and improving the UK regime for asset management’, requesting views on the current UK regime for regulating funds and asset managers. The discussion...more

Final FCA rules on mandatory D&I reporting of UK listed company boards and executive management

The UK Financial Conduct Authority has published amendments to the UK Listing Rules and Disclosure Guidance and Transparency Rules which implement mandatory board and executive management-level diversity and inclusion...more

New UK prospectus regime – Government announces fundamental reforms for the post-Brexit era

The UK’s prospectus regime will see significant changes in a move by the Government to enhance the competitiveness of the UK’s capital markets following its exit from the EU. On 1 March 2022, HM Treasury (HMT) announced its...more

FCA Primary Markets Effectiveness Review – Immediate changes to the Listing Rules

The UK Financial Conduct Authority (“FCA”) has published Policy Statement PS 21/22 (the “Policy Statement”) which follows up on its summer 2021 consultation paper CP 21/21 “Primary Markets Effectiveness Review” (“CP 21/21”)....more

Overhaul of the UK’s prospectus regime – Government consults on fundamental reforms

The UK Government is consulting on proposals to reform the UK’s prospectus regime. The proposals are published in response to Lord Hill’s UK Listing Review in which he recommends that, amongst other things, the Government...more

A new dawn for the UK’s capital markets: FCA publishes its Primary Markets Effectiveness Review

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

FCA consults on SPACs

The FCA has published a consultation paper (CP 21/10) on proposed Listing Rule changes for certain London-listed special purpose acquisition companies (SPACs) to remove the presumption that the securities of a SPAC should be...more

FCA reviews disclosures of net changes to share capital

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

Beyond Brexit transition - changes for listed companies

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

FCA Policy Statement: improving climate-related disclosures by UK listed companies and clarification of existing climate-related...

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

The Asset Management Taskforce's Stewardship Report: Some points for UK companies

"Investing With Purpose", the November 2020 report of the UK's Asset Management Taskforce, a grouping of the UK Government, asset managers, regulators and other stakeholders, is primarily aimed at improving stewardship and a...more

HM Treasury UK Listings Review – Call for Evidence

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

FCA focus on misleading disclosure

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

FRC – New guidance on AGM best practice

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

Will UK issuers benefit from the EU's proposed introduction of lighter prospectus disclosure requirements pursuant to the EU...

On 20 July 2020, the European Commission (Commission) adopted a capital markets recovery package as part of its overall COVID-19 recovery strategy. As part of the package, the Commission released a proposal to amend the...more

FCA, FRC, PRA and ESMA announce measures to alleviate impact on listed issuers and their auditors in response to COVID-19

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

FCA, FRC, PRC and ESMA announce measures to alleviate impact on listed issuers and their auditors in response to COVID-19

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

UK equity capital markets and the COVID-19 response – Key legal and regulatory themes

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

Which Market? Equity Capital Markets: (UPDATED)

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

Which Market? Equity Capital Markets: (UPDATED)

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

Real Estate Quarterly - Spring 2019

Hogan Lovells quarterly newsletter on legal topics relevant to the UK real estate industry. ...more

Real Estate Horizons: The Power of the Brand

Real Estate Horizons is a snapshot of key legal topics and market trends across the globe. This post higlights the importance of IP rights in this sector. With property developments increasingly focusing on experience and...more

Revised proposals for new AIFMD marketing rules: how might they impact non-EU funds and their managers?

Back in March 2018 the European Commission announced a proposal for a supplementary Alternative Investment Fund Managers Directive (AIFMD) focussed on the subject of so-called "pre-marketing" of private equity and other...more

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