The UK Takeover Panel recently published its Annual Report for 2013/14. The Director General of the Panel noted that activity in 2013 was “subdued”, and that the level of public take...
Significant new rules to strengthen the UK premium listing regime come into force today. The rules have been the subject of two rounds of consultation by the UK Financial Conduct Authorit...
On 30 January, the UK’s Financial Conduct Authority (“FCA”) issued a consultation paper (CP 14/2) on sponsor competence. Sponsors play a fundamental role in the FCA’s premium list...
The recently published December/January 2014 edition of International Financial Law Review (IFLR) magazine included the results of a poll of in-house legal counsel at some of Europe’s t...
On November 5, 2013, the UK Financial Conduct Authority (the “FCA”) published near final rules and a further round of consultation on enhancing the effectiveness of the UK Listing Reg...
Regulators have recently clarified two important aspects of the prospectus regime that applies across the European Economic Area pursuant to the Prospectus Directive (Directive 2003/71/EC...
The way in which the UK financial services industry is regulated underwent a significant restructuring in 2013 with the adoption of a ‘twin peaks’ system of regulation and supervision.
On October 17, 2013, the Council of the EU adopted the proposal for a directive to amend the Transparency Directive (2004/109/EC) (the “Amended Transparency Directive”). The adoption ...
Significant amendments to the U.K. Takeover Code (the “Code”) took effect from September 30, 2013. The U.K. Takeover Panel (the “Panel”) has widened the categories of companies t...
