Corporate weekly highlights—14 February 2019

Corporate weekly highlights—14 February 2019

This week’s edition of Corporate highlights includes the latest updates on Brexit, plus the FCA’s publication of Primary Market Bulletin No 20 detailing proposed changes toits Knowledge Base, the government’s publication of new guidance on gender pay gap matters, ESMA’s publication of a list of national thresholds below which a prospectus is not required and details of two new cases concerning the enforceability and binding nature of oral agreements.

In this issue:

Brexit

Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

SI 2019/177: The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 are made in exercise of legislative powers under the European Communities Act 1972, the Limited Liability Partnerships Act 2000, the Companies (Audit, Investigations and Community Enterprise) Act 2004, the Companies Act 2006 (CA 2006) and the European Union (Withdrawal) Act 2018 (EU(W)A 2018) in preparation for Brexit. The Regulations make amendments toUK primary and subordinate legislation and retained direct EU legislation relating tothe framework for regulatory oversight and professional recognition of statutory auditors and third country auditors in the UK toaddress failures of retained EU law tooperate effectively, and other deficiencies arising from the implementation of Brexit. The Regulations will come into force partly on 22 February 2019 and fully on exit day.

For further information, see: LNB News 06/11/2018 108.

Scheme—Transfer of business—Brexit

In Re The Royal London Mutual Insurance Society Ltd [2019] All ER (D) 23 (Feb)[2019] EWHC 185 (Ch), the High Court sanctioned plans for the UK's largest mutual insurer (Royal London), totransfer

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