Corporate Weekly Highlights—11 November 2016

Corporate Weekly Highlights—11 November 2016

Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 11 November 2016, which provide news updates and a comprehensive list of dates for your diary. This week’s edition features: various news relating to the UK’s implementation of the Non-Financial Reporting Directive (including the UK government’s response paper to its February 2016 consultation, the draft Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations 2016 and FCA updates to the DTRs relating to the requirement to include diversity information in the corporate governance statement); the UK government consultation on implementing the Fourth Money Laundering Directive; the FCA’s latest policy development update; the Pensions and Lifetime Savings Association call for greater transparency around FTSE 350 workplaces; an FRC consultation on procedures for de-registration of third-country auditors; the UK government’s and FRC’s endorsement of the Hampton/Alexander report that calls for greater representation of women in executive positions; case analysis on the decision in Re Easynet Global Services Ltd relating to the jurisdiction requirements for a merger pursuant to the Cross-Border Merger Regulations 2007; analysis on the landmark Brexit decision that the government requires Parliamentary approval to trigger Article 50; and analysis of the subsequent constitutional arguments.

Non-Financial Reporting Directive

BEIS response paper to consultation on Non-Financial Reporting Directive

The Department for Business, Energy and Industrial Strategy (BEIS) has published the UK government’s response to its February 2016 consultation on the implementation of the Non-Financial Reporting Directive 2014/95/EU (Reporting Directive).

The Reporting Directive aims to harmonise non-financial reporting regulations across member states. The consultation sought views on the best way to transpose the Reporting Directive, including how to address differences between the EU and existing UK frameworks and how to use the flexibility that the Reporting Directive offered.

The response paper outlines the government's proposed approach on the following points: placement of information; scope of the Reporting Directive; third party verification of non-financial information; current practice in electronic reporting; and gender reporting.

Draft Companies, Partnerships and Groups (Accounts

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