Corporate weekly highlights—26 July 2018

Corporate weekly highlights—26 July 2018

This week’s edition of Corporate highlights includes LSE guidance for AIM companies on new corporate governance requirements that apply from 28 September 2018, revised FRC guidance for companies preparing strategic reports, and FCA amendments to the Listing Rules and Disclosure Guidance and Transparency Rules.

In this issue:
Equity capital markets; Corporate governance

Accounts and reports; Corporate governance

Equity capital markets

Private M&A (share purchase); Insolvency for corporate lawyers

Additional Corporate updates this week

Additional news—daily and weekly news alerts

New and updated content

Dates for your diary

Trackers

Latest Q&As

Useful information

Equity capital markets; Corporate governance
AIM guidance on preparing for corporate governance changes
The London Stock Exchange (LSE) has published guidance relating to the preparation by AIM and AIM listed companies for the introduction of new corporate governance requirements. From 28 September 2018, AIM companies will be required to disclose on their website details of the recognised corporate governance code they have decided to apply, explain how they comply with such code and where they do not comply, provide an explanation of their reasons for departing from such code’s provisions.

The LSE notes that it has engaged with nominated advisers in preparation for the introduction of these new requirements, noting that feedback from such engagement indicates that AIM companies are progressing well in addressing the changes to be implemented by such requirements.

In the guidance, the LSE provides answers to some of the common questions it has received during the course of the above engagement from nominated advisers. From these answers, the LSE outlines some of its views on how AIM companies can comply with the new requirements, noting among other matters that:

after 28 September 2018, an AIM company will be: (a) required to review its corporate governance disclosure annually, and (b) expected in most cases to perform this review at the same time it prepares its annual report and accounts

an AIM company’s website should include the date when it last reviewed its compliance with its chosen code and, in conjunction with this review, update its AIM

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