Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
This week’s edition of Corporate highlights includes ESMA’s updated Q&A on prospectus issues, the FRC’s annual review of corporate reporting, newly collected data on EU derivatives markets and four new and updated precedents in our Private M&A (share purchase) topic area.
The European Securities and Markets Authority (ESMA) has updated its Q&As on prospectus related issues. The changes do not relate to the substance of the Q&As and come as a result of the Prospectus Regulation (EU) 2017/1129 becoming applicable on 20 July 2017.
The update includes the deletion of one Q&A (Q&A 27) and updates to four others (Q&As 29,31,32 and 44).
See further news, LNB News 20/10/2017 90.
Auditors who are engaged to agree to the publication of preliminary results under the UK Listing Authority (UKLA) rules should, where so engaged, refer to the FRC guidance contained in Bulletin 2008/2.
In April 2017, the FRC issued a discussion paper which looked at options for bringing Bulletin 2008/2 up to date. Options included: converting the guidance to an engagement standard; consulting with the UKLA to require auditors to follow FRC guidance; and mandating that statutory financial statement audits should be complete before auditors agree to the release of preliminary announcements (See LNB News 27/04/2017 96).
The FRC’s feedback statement sets out the responses to the consultation as against ten options laid out in the discussion paper.
The majority of respondents stated their belief that the current regime for preliminary announcements is fit for purpose and does not require significant change. Consistent with feedback that the FRC has also received from its separate investor outreach exercise, many respondents commented that the role of auditors should be considered in the context of the primary role of directors in producing accurate and reliable financial information. Respondents did, however, agree that minor amendments to Bulletin 2008/2 (to
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234