The following Corporate practice note provides comprehensive and up to date legal information covering:
This Practice Note focuses on the policing and enforcement of the UK Listing Regime by the FCA. It covers the FCA’s powers against an issuer in relation to breach of the provisions of the Listing Rules, the Prospectus Regulation Rules, the Transparency Rules and the disclosure requirements under Articles 17, 18 and 19 of the UK Market Abuse Regulation.
The Financial Conduct Authority (FCA) is the regulator for financial services firms and financial markets in the UK. Its powers, objectives and functions are set out in the Financial Services and Markets Act 2000 (FSMA 2000). FSMA 2000, s 1B provides that the FCA’s overarching strategic objective is ensuring that the financial markets function well.
The FCA also has the role of the UK’s competent authority for regulating admission of securities to the Official List. Its powers in this regard are set out in FSMA 2000, Pt VI which provides a separate statutory framework within which the FCA operates when it acts as the competent authority. Its rule making powers in relation to the listing regime are set out in FSMA 2000, s 73A which gives the FCA power to make:
transparency rules, and
corporate governance rules
These rules are referred to in the legislation as the FCA’s Part 6 rules.
For more information on the FCA’s functions in general see
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This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
Involuntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but which are reduced to
This Practice Note provides a high-level introduction to diversity and inclusion (D&I) and key reasons why it is important to law firms. Specific aspects of D&I are covered in more detail in Practice Notes:•The growing focus on diversity and inclusion (D&I) in law firms•Unconscious bias—law
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