Vienna Stock Exchange -
In the latest issue of Dechert’s international capital markets team’s “In Conversation With…” series, partner Jennifer Rees and associate Kerenza Kerslake sit down with Matthias Szabo and Dimitrios...more
12/13/2023
/ Austria ,
Environmental Social & Governance (ESG) ,
EU ,
Eurobonds ,
Green Bonds ,
HMRC ,
International Capital Markets Association (ICMA) ,
Price Inflation ,
Private Equity Firms ,
Securities ,
Trading Platforms ,
UK
In December 2022, the Financial Conduct Authority (“FCA”) carried out a consultation on the introduction of a new regulatory gateway for firms who approve financial promotions. On 12 September 2023, the FCA published Policy...more
The UK Financial Conduct Authority (the “FCA”) on May 3, 2023, published consultation paper CP23/10 (the “Consultation Paper”), which sets out the FCA’s proposals to significantly reform the UK’s equity listing regime. The...more
On 22 February 2022, the UK Government-backed, independent, voluntary and business-led FTSE Women Leaders Review (the “FTSE Women Leaders Review”) published its first report aimed at achieving gender balance across FTSE 350...more
On 20 April 2022, the Financial Conduct Authority (the “FCA”) published its final policy statement PS22/3 ‘Diversity and inclusion on company boards and executive committees’. The policy statement outlines the feedback the...more
Issuers of certain transferable securities listed in the UK should be aware of certain new regulatory requirements relating to the preparation and content of their financial statements....more
2/17/2022
/ Capital Markets ,
Corporate Issuers ,
Financial Conduct Authority (FCA) ,
Financial Statements ,
Listing Rules ,
Regulatory Reform ,
Regulatory Requirements ,
Securities Regulation ,
Securities Transactions ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
In the first issue of Dechert’s International Capital Markets Team’s “In Conversation With...” series, associates Amy Rees and Nick Quarrie sit down with Shrey Kohli, Director of Fixed Income and Funds at the London Stock...more
2/2/2022
/ Bonds ,
Capital Markets ,
Corporate Issuers ,
Debt Securities ,
Foreign Sovereigns ,
Listing Standards ,
London Stock Exchange ,
Popular ,
Prospectus ,
Sukuk ,
UK ,
UK Brexit
On 30 April 2021, the FCA consulted on proposals to change the UK Listing Rules to remove the presumption that the listing of a Special Purpose Acquisition Company (“SPAC”) be suspended when it identifies a potential...more
On 19 August 2021, the Regulatory Horizons Council (the “RHC”) published a report setting out recommendations for reforming the regulation of medical devices in the UK (the “Report”). The RHC is an independent expert...more
On 30 April 2021, the FCA consulted on proposals to change the UK Listing Rules to remove the presumption that the listing of a Special Purpose Acquisition Company (“SPAC”) be suspended when it identifies a potential...more
Introduction - The need for one set of clear environmental, social and governance guidelines is an issue of increasing importance for UK and European capital market participants. For issuers, the ability to demonstrate...more
Following on from the recent Hill Review of the UK Listing Rules and its recommendations, we reported on the UK Financial Conduct Authority’s (“FCA”) response and how the proposed changes might affect the SPAC market. On 19...more
Special Purpose Acquisition Companies, commonly known as ‘SPACs’ or ‘blank check companies’, have recently seen a huge uplift in investor appetite with little sign of this trend abating any time soon. Understandably, SPACs...more
A flurry of changes to stock exchange rules and capital markets regulation and practice have been introduced following the end of the Brexit transition period in the UK on 31 December 2020, as well as new initiatives launched...more
With effect from 1 January 2021, and following the end of the Brexit transition period, sovereigns, local and regional authorities and central banks of any country can benefit from newly-expanded exemptions to the UK...more
On 3 March 2021, Lord Hill published his recommendations from the UK Listing Review (the "Review"). The Review was launched by the Chancellor in November 2020 to further enhance the UK’s position as an international...more
On 6 March 2020, the Financial Conduct Authority (“FCA”) launched a consultation paper outlining new climate-related disclosure requirements for premium listed issuers and consulting on guidance on existing obligations set...more
3/21/2020
/ Climate Change ,
Consultation Periods ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Proposed Rules ,
Publicly-Traded Companies ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
On 21 July 2019, the remaining provisions of the EU Prospectus Regulation came into force. Since this date, prospectuses for offers of securities to the public or admission to a regulated market in the EU have been required...more
2/10/2020
/ Alternate Performance Measures (APMs) ,
Capital Markets ,
EBITDA ,
EU ,
EU Prospectus Regime ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Final Report ,
International Capital Markets Association (ICMA) ,
Public Offerings ,
Risk Factors ,
Technical Standards ,
UK
On 28 January 2019, the United Kingdom’s (the “UK”) Financial Conduct Authority (the “FCA”) published its “Changes to align the FCA Handbook with the EU Prospectus Regulation” consultation paper1 (the “Consultation Paper”)....more
2/6/2019
/ Consultation Periods ,
EU ,
EU Prospectus Regime ,
Filing Requirements ,
Financial Conduct Authority (FCA) ,
Offering Documents ,
Prospectus ,
Public Comment ,
Securities ,
UK ,
UK Brexit ,
Withdrawal Agreement
In a series of votes on 29 January 2019, the parliament of the United Kingdom (the “UK”) rejected proposals aimed at preventing the UK from leaving the European Union (the “EU”) on 29 March 2019 without a Withdrawal Agreement...more
2/4/2019
/ Corporate Issuers ,
Equity Securities ,
EU ,
EU Prospectus Regime ,
EU Transparency Directive ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Foreign Equity Securities ,
HM Treasury ,
Home Member State ,
Host Member State ,
Member State ,
No-Deal Brexit ,
Passporting ,
Securities ,
UK ,
UK Brexit ,
Withdrawal Agreement
The UK Financial Conduct Authority (FCA) has finalised rules to create a new category within its premium listing regime aimed at companies controlled by a sovereign state....more
In a decision with significant implications for cross-border criminal and regulatory investigations in both the UK and U.S., a panel of the U.S. Court of Appeals for the Second Circuit recently overturned two convictions for...more
9/2/2017
/ Compelled Testimony ,
Criminal Convictions ,
Cross-Border ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fifth Amendment ,
Financial Conduct Authority (FCA) ,
Foreign Jurisdictions ,
Indictments ,
International Litigation ,
Libor ,
Reversal ,
Self-Incrimination ,
UK