Home / Share Incentives / Current issues / Weekly highlights

Legal News

Share Incentives weekly highlights—2 November 2023

Copyright © 2025 LexisNexis

Published on: 02 November 2023

Published by a LexisNexis Share Incentives expert

Table of contents

Tax treatment
Fact or Fiction?—Director’s share options are deemed to be employment-related securities per the Supreme Court decision in HMRC v Vermilion Holdings Ltd
Company law, governance and regulatory matters
The Takeover Panel responds to Rule 21 review and publishes amendments to Practice Statement 5
Remuneration issues for financial services firms
FCA sets out remuneration expectations
Corporate governance
Unilever PLC freezes CEO pay after shareholder vote rejects DRR
FRC publishes report on how companies can improve their corporate reporting
New Q&A

More sections of this document available when you sign-in to Lexis+ or register for a free trial.

Article summary

This week's edition of Share Incentives weekly highlights includes: (1) further analysis of the Supreme Court’s decision in Vermilion, (2) confirmation of amendments to the Takeover Code, and (3) a letter from the FCA to chairs of remuneration committees.

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of