Corporate Weekly Highlights - 14 September 2017

Corporate Weekly Highlights - 14 September 2017

This week's edition of Corporate highlights includes news on a government call for increased transparency around workplace diversity in the UK's largest companies, updates on HM Treasury's CSDR consultation responses and the release of the Financial Conduct Authority's Handbook Notice 47.

Corporate Governance

UK's largest companies urged to increase transparency around workplace diversity

The Business Minister, Margot James, has called on the largest companies in the UK to increase transparency around diversity policies and targets. The call comes ahead of the first meeting of the Business Diversity and Inclusion Group which is tasked to coordinate action to increase diversity and inclusion in the workplace.

The group will seek to establish what information listed companies could disclose to help tackle barriers in the workplace. It will build on a number of government-backed reviews into workplace diversity which have set targets to improve diversity in the workplace including aiming for 33% of FTSE 350 board positions to be filled by women by 2020.

The Financial Reporting Council (FRC) will consider the government's proposals as part of a review of its code later this year.

For details see news, LNB News 07/09/2017 150

Equity Capital Markets

HMT publishes CSDR consultation responses

HM Treasury has released responses to its consultation on the implementation of the Central Securities Depositories Regulation EU 909/2014 (CSDR), first issued in December 2015. The consultation closed on 4 February 2016 and HM Treasury received responses from the British Bankers' Association, the Association for Financial Markets in Europe, the City of London Law Society and Euroclear UK & Ireland.

HM Treasury will publish the responses in two stages. The first paper gives a summary of responses submitted and HM Treasury decisions in relation to the CSDR. A further response focusing on the Uncertificated Securities (Amendment) Regulations 2017 will be published in due course.

For details see news,

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