Title

UK Corporate Finance Update
Client Memorandum

Created date

1/15/2019

Our UK Corporate Finance Update looks at key developments from the past six months or so in corporate finance law, regulation and practice that are relevant to London-listed companies and their advisors. We also highlight some of the key developments that are on the horizon.

 

IN THIS ISSUE:

Equity markets

  • Changes to the UK IPO regime and rules on the involvement of analysts

  • New EU Prospectus Regulation that applies across the EU from July 2019

  • Recent guidance on the listing regime and regulation of market abuse

Takeovers

  • Proposed changes to the rules on asset valuations

  • Panel’s rulings on the chain principle and use of an auction process in the takeover of Sky 

Corporate governance

  • New UK Corporate Governance Code for reporting periods from January 2019

  • Additional annual reporting obligations for UK companies from January 2019

  • The Wates Principles regulating the governance of larger private companies

  • Institutional voting guidelines for 2019 AGMs

Company and case law

 

Impact of Brexit

  • Proposed legislative and regulatory changes relevant to securities offerings and listings, takeovers and corporate law