The Financial Conduct Authority (FCA) has published minor changes to the FCA Handbook, including the Listing and Transparency Rules.
The FCA consulted on the changes in September 2019.
The changes are:
- Governance Code – References in the Listing Rules and Transparency Rules to the UK Corporate Governance Code have been updated to reflect the 2018 edition of the Code. The changes apply to financial years beginning on or after 1 January 2019.
- European Single Electronic Format for annual reports – Under the amended EU Transparency Directive, annual financial reports of companies which have securities listed on an EU regulated market must be published in the European Single Electronic Format (ESEF) for financial years beginning on or after 1 January 2020 (see our corporate update 2019/1). The FCA has added a provision into the Transparency Rules to require issuers to comply with this.
The rule changes took effect on 13 December 2019.
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