Legal development

UK Quoted Company Newsletter Q1 2022

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    UK Quoted Company Newsletter Q1 2022


    1. UK Listings Review Report: One Year On - Equity Capital Markets Update, 29/4/22

    2. HM Treasury publishes its policy approach to reforming the UK's prospectus regime - AGC 14, 10/4/22 (article 4)

    3. UK MAR: FCA publishes statement on the impact of Russia's invasion of Ukraine and implications for the financial markets and issuers - AGC 14, 10/4/22 (article 3)

    4. HM Treasury publishes consultation on proposed changes to the financial promotion regime (including proposed revisions to key financial promotion exemptions) - AGC 12, 28/1/22 (article 2)

    5. FTSE Russell publishes changes to the FTSE UK Index Series Ground Rules relating to free float, dual class share structures and market capitalisation - AGC 14, 10/4/22 (article 5)

    6. FCA Handbook changes affecting annual reporting and AGMs now in force (including rules affecting dissemination of information and copy documents to be sent to the FCA) - AGC 12, 28/1/22 (article 1)

    7.  FCA Decision Notice concerning an AIM company that issued false and misleading results and consequently misled investors - AGC 14, 10/4/22 (article )

    Annual General Meetings

    8. 2022 AGM and reporting season: what to expect - Corporate Briefing, 26/1/22

    9. Investment Association publishes shareholder priorities and the approach that its voting arm, IVIS, will take in 2022 - AGC 14, 10/4/22 (article 6)

    10. Pensions and Lifetime Savings Association publishes its 2022 Stewardship and Voting Guidelines for investors - AGC 13, 2/3/22 (article 5)

    11. Quoted Companies Alliance and Peel Hunt publish market survey of small and mid-cap quoted companies - 'The Eye of the Beholder – The differing perspectives on the UK's equity markets' - AGC 13, 2/3/22 (article 6)

    Corporate Reporting and Corporate Governance

    12. FCA announces the end of the financial reporting deadline relaxations for listed companies (introduced in 2020 in response to the Covid-19 pandemic) for reporting periods ending on or after 28 June 2022. The temporary measures for AIM companies will also cease for financial periods ending after this date - AGC 16, 1/4/22 (article 1)

    13. Final regulations and BEIS guidance published for in-scope companies and LLPs concerning mandatory climate-related disclosures in annual financial reports for financial periods beginning on or after 6 April 2022 - AGC 12, 28/1/22 (article 3), AGC 13, 2/3/22 (article 1)

    14. FCA finalises technical note on climate-related disclosure requirements for listed companies - AGC 13, 2/3/22 (article 2)

    15. FCA consults (CP22/5) on allowing companies to use a more up-to-date electronic format for their annual financial reports - AGC 16, 1/4/22 (article 2)

    16. FRC publishes report on the quality of reporting by private companies adopting the Wates Corporate Governance Principles for Large Private Companies - AGC 13, 2/3/22 (article 3)

    17. FTSE Women Leaders Review report on gender balance in FTSE leadership - AGC 13, 2/3/22, (article 4)

    18. Parker Review 2022 publishes its latest review of ethnic diversity in the FTSE 350 - AGC 15, 22/4/22, (article 2)

    19. Pensions and Lifetime Savings Association publishes report analysing the quality of workforce-related reporting in FTSE 100 2021 annual reports – 'How Do Companies report on Their Most Important Asset'? - AGC 15, 22/4/22 (article 3)

    20. FRC publishes latest signatories to the UK Stewardship Code - AGC 15, 22/4/22 (article 4)

    21ShareAction publishes '2022 Voting Expectations of Asset Managers' in which it focuses on shareholder voting on ESG-related resolutions - AGC 15, 22/4/22 (article 6)

    22. FRC publishes briefing on 'Corporate Purpose and ESG' which includes examples of best practice. - AGC 17, 21/4/22 (article 2)

    23. BEIS publishes a statutory review of reporting in accordance with the Payment Practices and Performance Regulations 2017 - AGC 17, 21/4/22 (article 5)

    Company Law

    24. Corporate Transparency and Reforming Companies House - Corporate Update, 10/3/22

    25. Overseas entities purchasing UK property obliged to provide details of 'beneficial owners' with significant influence or control in a new publicly available register of overseas entities to be held at Companies House - AGC 14, 10/4/22, (article 1)

    26. Economic Crime (Transparency and Enforcement) Act 2022 published. This facilitates the register of overseas entities holding UK property, the expansion of unexplained wealth orders and a new streamlined procedure for implementing sanctions - AGC 15, 22/4/22 (article 1)

    27. Government publishes a White Paper setting out a wide range of proposals on corporate transparency and reforms to Companies House - AGC 14, 10/4/22, (article 2)

    28. Companies House announces that its Companies House Direct and WebCHeck services will close later in 2022 - AGC 12, 28/1/22 (article 6)

    29. FRC publishes a 3-Year Plan setting out progress towards establishing the new Audit, Reporting and Governance Authority - AGC 17, 21/4/22 (article 6)

    30. FRC publishes new Audit Firm Governance Code for the Big Four audit firms and firms that audit FTSE-350 companies and significant numbers of public interest entities - AGC 17, 21/4/22 (article 7)

    Other Ashurst Q1 2022 publications


    31. Ashurst and Practical Law Company - Q1 2022 Company Law Bulletin -  Q1 2022, 21/4/22

    32. UK Public M & A Update Q1 2022 - Public M&A Update, 14/4/22

    33. EU proposed Directive on Corporate Sustainability Due Diligence - Corporate Update, 20/4/22

    Debt Capital Markets

    34. Quarterly Debt Capital Markets Update - Q1 202 - Debt Capital Markets Update, 20/4/22

    Real Estate

    35. The new beneficial ownership register for overseas entities: Implications for real estate - Real Estate Update, 29/4/22


    36. European Commission to introduce measures to support the economy in light of Ukraine crisis - Competition Update, 14/3/22

    37. UK National Security and Investment Act 2021 comes into force and update to CMA guidance - Competition Update, 1/2/22

    38. National Security and Investment Act implications for energy companies - Competition Update, 23/3/22

    Dispute Resolution/Corporate Crime

    39. What might be the business implications of Western sanctions on Russia? - Corporate Crime Update, 2/2/22

    40. International Sanctions on Russia: An Update - Sanctions and International Arbitration Update, 25/2/22

    41. The Ukraine conflict: force majeure and similar mechanisms- ADR Update, 1/3/22


    42. The new UK Global Mobility visas and other core changes to the Immigration Rules - a summary for employers - Employment Update, 22/3/22

    43. Right to work checks from 6 April 2022 - what employers need to know - Employment Update, 8/3/22

    44. Save the date - UK employment law changes and key dates - Employment Update, 15/3/22

    The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
    Readers should take legal advice before applying it to specific issues or transactions.


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