The landscape for employee share incentives in the UK has shifted meaningfully in recent months, and for private company owners and their advisers, in particular, the timing has rarely been better to take a fresh look at...more
4/16/2026
/ Capital Gains Tax ,
Employee Incentive Plans ,
Employee Share Schemes ,
Enterprise Management Incentive (EMI) ,
Equity Compensation ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Incentive Stock Options ,
Private Company Shares ,
Stock Options ,
Tax Incentives ,
Taxation ,
UK
The FCA is consulting on significant changes to how listed companies in the UK report on sustainability matters. The consultation closes on 20 March 2026, with the final rules expected in Autumn 2026....more
2/4/2026
/ Climate Change ,
Consultation ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Greenhouse Gas Emissions ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
Following consultation earlier this year, the Takeover Panel has published a response statement adopting amendments to the Takeover Code concerning dual class share structures (DCSS), IPOs, and share buybacks. ...more
Following its April 2025 Discussion Paper, “Shaping the Future of AIM", the London Stock Exchange (the Exchange) has published a feedback statement outlining its roadmap for AIM. This plan combines immediate easing measures,...more
On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information. The FCA has imposed a financial...more
This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime....more
10/22/2025
/ Capital Markets ,
Consultation Papers ,
Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Listing Applications ,
Listing Rules ,
New Regulations ,
Prospectus ,
Public Offerings ,
Regulatory Requirements ,
Sponsors ,
UK
The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and...more
The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with...more
7/9/2025
/ Consultation ,
Consultation Papers ,
Corporate Governance ,
Dual Class Share Structures ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
Listing Rules ,
Proposed Amendments ,
Regulatory Requirements ,
Share Buybacks ,
Takeovers ,
UK
The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules....more
6/19/2025
/ Banking Sector ,
Board of Directors ,
Corporate Governance ,
Corporate Misconduct ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Penalties ,
Personal Liability ,
Publicly-Traded Companies ,
Tribunals ,
UK
The ‘Jewel in the Crown’ of London’s markets, AIM has been a central feature of UK capital markets for the last 30 years providing growing companies with access to capital and liquidity. ...more
4/8/2025
/ AIM ,
Capital Markets ,
Corporate Governance ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
London Stock Exchange ,
Publicly-Traded Companies ,
Regulatory Reform ,
Securities Regulation ,
Shareholders ,
UK
The FCA has published Primary Market Bulletin (PMB) No 54 outlining its concerns around the unlawful disclosure of inside information during the course of M&A transactions....more
The Takeover Code (the “Code”) has published its response to its consultation on the application of the Code and is adopting the amendments previously proposed in PCP 2024/1 subject to some modifications. The changes will...more
The Accelerated Settlement Taskforce is currently examining a potential migration by the U.K. from a so-called T+2 to a T+1 settlement standard, i.e., reducing the time it takes for securities transactions to settle, having...more
Earlier this year, the technology working group of HM Treasury outlined the initial stages of a strategic road map for the development of a fund tokenization industry in the U.K., with a final phase to be confirmed by the end...more
For the vast majority of Israeli and Israel-related companies considering an IPO, London should continue to be the venue of choice. London has greater access to capital and liquidity than the Tel Aviv Stock Exchange and lower...more
Following on from the consultation at the end of 2023, the FCA has published its changes to the Listing Rules sourcebook, chapter 8 (sponsors), which take effect immediately. The changes focus on how a sponsor or a person...more
A new Takeover Panel consultation proposes to narrow the scope of the companies subject to the Takeover Code (the “Code”). ...more
On Feb. 22, the U.K. Law Commission launched a consultation on the Property (Digital Assets etc) Act 2024, a draft legislation that confirms the existence of a third category of personal property.
Given the current model...more
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 came into force on Jan. 8, creating the U.K.'s first digital securities sandbox within which firms would be able to test new...more
2/1/2024
/ Bank of England ,
Choice-of-Law ,
Companies Act ,
Deposit Accounts ,
Depository Institutions ,
Digital Assets ,
Digital Ledger Technology ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
FinTech ,
FSMA ,
HM Treasury ,
Sandbox ,
Securities ,
Securities Regulation ,
UK ,
UK Companies Acts
Following the May 2023 consultation on the UK Corporate Governance Code (“Code”), the FRC has published a revised Code. The changes focus primarily on one area - Internal Controls whilst other changes have been kept to a...more
While the British media is currently focussed on a small number of large-cap companies, formerly listed in London, choosing to move their listings to New York, there is another story which is not so well publicised.
Many...more
Following on from the consultation earlier this year, the FCA has published feedback and detailed proposals which will transform the current listing regime. The FCA is proposing to create a single listing category for UK...more
In December 2022 the FCA commented on the earlier fine imposed on Sir Christopher Gent for unlawful disclosure of inside information. Since then, the FCA has received various questions from stakeholders in the context of...more
In July, the U.K. Digitization Taskforce released an interim report containing a series of potential recommendations for the government, regulators and market participants, in order to achieve full digitization of the U.K....more
The Quoted Companies Alliance (QCA) has published a revised corporate governance code (Code). The Code is still based around 10 Principles but has been updated to keep pace with evolving investor expectations, particularly...more