Q&As

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Latest Corporate News

Takeover Panel publishes Practice Statements 35 and 36

The Panel Executive has published a new Practice Statement 35 (Profit forecasts, quantified financial benefits statements and investment research) and a new Practice Statement 36 (Unlisted share alternatives).

Corporate weekly highlights—3 July 2025

This week's edition of Corporate weekly highlights includes: the publication of three new statutory instruments relating to the implementation of the Economic Crime and Corporate Transparency Act 2023, the LSE’s publication of plans to launch the Private Securities Market later in 2025, the FCA’s publication of Handbook Notice No. 131 setting out certain changes to UKLR 11 of the UK Listing Rules, and the publication of the Register of People with Significant Control (Amendment) Regulations 2025.

FRC publishes first guidance on AI use in the audit profession

The Financial Reporting Council (FRC) has published its first guidance on the use of artificial intelligence (AI) in the audit profession, accompanied by a thematic review of certification processes and controls for technology and automated tools at the UK’s six largest audit firms. The guidance explains how AI can be used to enhance audit work and clarifies the FRC’s expectations regarding the proportionate and appropriate documentation of tools that use AI. It is intended to assist auditors and central teams at audit firms in developing and using AI tools, while also setting out regulatory expectations for third-party technology providers. The guidance is not prescriptive and does not introduce new regulatory requirements.

FCA publishes Handbook Notice No 131

The Financial Conduct Authority  (FCA) has published Handbook Notice No 131, which includes changes to the FCA Handbook and material made by the FCA ERPC and Board on 9 May 2025, 22 May 2025, 9 June 2025 and 25 June 2025.

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