Capital Markets Practice: News Round-Up

    View Authors June 2013

    Welcome to the latest in our series of regular alerts containing a roundup of news from our capital markets practice. Among other things, we bring you news of changes to the Takeover Code, as well as of developments relating to the new regime for executive remuneration.

    This issue includes:

    • Takeover Panel: the jurisdiction of the Takeover Panel is to be extended with effect from 30 September 2013
    • Corporate governance: executive pay: the new regime for the remuneration of directors of quoted companies: the new-look directors’ remuneration report
    • Corporate governance: auditors: changes to the UK’s corporate governance regime announced by the FRC aim to make the auditors’ report more transparent for investors
    • Corporate governance: narrative reporting: changes to the regime to require quoted companies to make additional disclosures on human rights, gender representation and greenhouse gas emissions are to come into force for financial years ending on or after 30 September 2013
    • Corporate governance: risk management reporting: ICSA
    • Cybercrime: ICSA launches a Guidance Note on Cyber Risk amid warnings of the perils to British business of cybercrime and Airmic to urge the FRC to tighten up the rules on risk management reporting
    • Prospectuses: ESMA publishes a revised version of its document: ‘Prospectuses: Questions and Answers’
    • Prospectus Directive: ESMA has published a report containing a comparison of the various national liability regimes in relation to the Prospectus Directive