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 premium listing to include a compliance statement in their annual financial report, stating whether they have made disclosures consistent with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) or, if they have not done so, a requirement to: (1) explain why they have failed to do so; and (2) outline any steps they are taking, or are planning to take, to enable them to make consistent disclosures in the future, including anticipated timings.
Please see full publication below for more information.