Capital Markets Practice: News Round-Up

    View Authors August 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 developments in the area of corporate governance and proposals for the reform of the audit market.

    This issue includes:

    • ISDX Growth Market: ISDX launches new admissions criteria, revises its Rules for Issuers and introduces a new framework for authorised corporate advisers
    • Corporate governance: executive pay: the new regime for the remuneration of directors of quoted companies: the new-look directors’ remuneration report: the final Regulations are published
    • 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: the final Regulations are published
    • Corporate governance: audit: the FRC publishes notes on best practice to help companies with the audit tender process
    • Corporate governance: ICSA publishes up-dated guidance on the terms of reference for board committees and on matters reserved for the board
    • Corporate governance: the ABI publishes proposals for improving corporate governance and shareholder engagement
    • Corporate governance: audit: the Competition Commission publishes its proposals for greater competition in the audit market, including a requirement for more frequent audit tenders for FTSE 350 companies
    • Corporate governance: the Government launches a discussion paper on the transparency of the ownership and control of companies, the enforcement of directors’ duties and the compensation of creditors
    • Corporate responsibility: the Government publishes a call for views on corporate responsibility with a view to developing a framework for action
    • Equity capital markets: the ABI calls for process reform for IPOs and secondary capital raisings in a bid for greater efficiency
    • The Financial Conduct Authority: the FCA consults on guidance for carrying out its operational objectives