Corporate weekly highlights—18 May 2017

Corporate weekly highlights—18 May 2017

Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 18 May 2017, which provide news updates and a comprehensive list of dates for your diary. This week’s edition features: the Council of the European Union formally adopting the draft Prospectus Regulation; the FRC Pre-Emption Group’s monitoring report examining the Statement of Principles; the European Commission’s consultation on improving corporate mobility; the FRC’s proposals to update guidance for auditors of charities; the Court of Appeal decision in Cosmetic Warriors Ltd v Gerrie and another; analysis of the Financial Stability Board peer review on corporate governance in financial institutions; and analysis of key changes to the Proceeds of Crime Act 2002. 

This update is part of the Lexis®PSL Corporate team’s news offering. Some of the links require a LexisPSL subscription. If you are not a subscriber, you can take a free trial here.

Headlines (News updates & analysis)

Equity capital markets

Council of the EU adopts Prospectus Regulation

The Council of the European Union has formally adopted and approved the draft Prospectus Regulation, which was approved at first reading on 5 April 2017 and amended by the European Parliament on 11 April 2017. The approved Prospectus Regulation has been published on the website of the Council of the European Union.

This is the final legislative hurdle and the Prospectus Regulation will enter into force on the 20th day following its publication in the Official Journal of the EU. Except for some specific provisions that will apply earlier, the Prospectus Regulation will apply 24 months from this date.

For details see LNB News 16/05/2017 55.

Pre-emption rights

FRC finds Statement of Principles have ‘generally been adhered to’

The Financial Reporting Council's (FRC) Pre-Emption Group (PEG) has published a monitoring reportexamining the implementation of the Statement of Principles and the template resolutions.

The Statement of Principles aims to provide clarity on the factors

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