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New rights for employees
A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
Global | Publication | June 8, 2018
Welcome to Essential Corporate News, our weekly news service covering the latest developments in the UK corporate world.
On June 8, 2018 the Financial Conduct Authority (FCA) published Policy Statement PS18/11 (the Policy Statement) providing feedback on the FCA’s Consultation Paper CP17/21 (the Consultation) which it published in July 2017 proposing a new premium listing category for companies controlled by sovereign countries. The FCA is taking forward this new listing category but has amended some of its original proposals in light of feedback received. The relevant changes to the Listing Rules, primarily included in a new Chapter 21, are set out in an Appendix to the Policy Statement.
While companies in the new premium listing category will generally need to comply with the requirements of the current premium regime, these are subject to a number of modifications. The key amendments are as follows:
Companies will be able to seek admission, or transfer, of securities to listing in the new category from July 1, 2018.
(FCA: Sovereign controlled companies, Policy Statement PS18/11, 08.06.18)
(FCA, New premium listing category for sovereign-controlled companies, 08.06.18)
On June 6, 2018 Sir John Kingman, having been appointed in April 2018 to carry out an independent review of the Financial Reporting Council (FRC), published a Call for Evidence in relation to that review.
The two objectives of Sir John Kingman’s review are (i) to ensure that the FRC’s structures, culture and processes, its oversight, accountability and powers, and its impact, resources and capacity are as good as they could be and are fit for the future, and (ii) to see the FRC standing as a beacon for the best in governance, transparency and independence. As a result, the review team is calling for evidence and information, including specific examples, on the effectiveness of the FRC.
Particular areas in respect of which evidence is requested are as follows:
Responses are requested by August 6, 2018.
(BEIS, Independent review of the FRC, Call for Evidence, 06.06.18)
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