Corporate weekly highlights—21 June 2018

Corporate weekly highlights—21 June 2018

This week’s edition of Corporate highlights includes the NEX Exchange consultation on proposed changes to the Fast Track admission process, the Law Society’s response to the consultation on insolvency and corporate governance and the publication of the Fifth Money Laundering Directive in the Official Journal.

In this issue:

NEX Exchange consultation on proposed changes to Fast Track admission process

The NEX Exchange has launched a market consultation in relation to proposed amendments to the NEX Exchange Growth Market Rules for Issuers in relation to the fast track admission process. The deadline for submitting responses is 29 June 2018 and the NEX Exchange will confirm the outcome of the consultation by 13 July 2018.

At present, companies that are admitted to certain qualifying markets can apply to join the NEX Exchange Growth Market without publishing a NEX Exchange Admission Document. The alignment of disclosure rules and transparency is easily achieved where companies applying for fast track admission to the NEX Exchange Growth Market are already on the AIM, however, that is not true of all qualifying markets.

To ensure parity between fast track and non-fast track issuers regarding information available to investors, NEX Exchange proposes making certain changes to the fast track admission process. NEX Exchange has published a mark-up of the proposed amendments to the NEX Exchange Growth Market Rules for Issuers, which can be accessed here.

Proposed amendments include requiring an applicant using the fast track procedure to review and confirm that all information required by Appendix 1 of the NEX Exchange Growth Market Rules for Issuers is publicly available in English, whether in an admission or prospectus document

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author: