Company Law

Chair of Company Law Committee

David Pudge, Clifford Chance LLP

david.pudge@cliffordchance.com

• 13/09/2023 - CLLS Law Soc response FRC Corporate Governance Code Questions Final - 13 09 23

  The CLLS Company Law Committee responsed to the FRC’s Consultation Document on the UK Corporate Governance Code May 2023

  

• 25/08/2023 - Company Law Committee - Smarter Regulation Non-financial Reporting Review - call for evidence 16 08 23

  The CLLS Company law committee, assisted by the CLLS ESG Committee, submitted its response to the Department for Business and Trade’s “Smarter Regulation Non-financial Reporting Review: Call for Evidence.” The Call For Evidence reviewed the UK’s framework for non-financial reporting to ensure that it remained fit for purpose and delivered decision-useful information to the market. The submission concluded that there was significant scope to simplify the thresholds and qualification provisions relating to such reporting, which would make the reporting regime more transparent and accessible if such requirements were to be set out in one place. The CLLS Committees committed to collaborate further with the Department for Business and Trade as the review progressed and to assist at subsequent stages of the project.

  

• 22/07/2023 - Reveneue Law Committee - Stamp duty consultation 22 06 23

  CLLS Revenue and Company Law committees responded to the HMRC "Consultation: Stamp Taxes on Shares modernisation" on proposals relating to Stamp Duty and Stamp Duty Land Tax. They advised that a number of aspects of the current stamp duty regime are an embarrassment for solicitors to have to explain to their clients; elements of the regime are over-complex, out of date, incomprehensible and irrelevant. They called for, among other elements, a single tax on securities, adopting a single charging point, and proposals relating to the taxation of partnership, pensions, and debentures. They also offered to work with HMRC as they proceed to implement such reforms.

  

• 21/07/2023 - PCP 2023 - 1 Response to review of Rule 21 restrictions on frustrating actions and other matters 21 07 23

  A Joint Working Party of the Company Law Committees of the CLLS and the Law Society submitted its response to the issues raised in PCP 2023/1 Review of Rule 21 (restrictions on frustrating action) and other matters, particularly in relation to removing blocks in listing activities.

  

• 28/06/2023 - FCA CP 23.10 CLLSLS Response

  The Joint Prospectus and Listing Rules Working Group of the Company Law Committees of the City of London Law Society and the Law Society of England and Wales responded to CP23/10 - Primary Markets Effectiveness Review: Feedback to DP22/2 and proposed equity listing rule reforms.

  

• 05/05/2023 - Joint Law Society and CLLS comments - Amendments to the Economic Crime and Corporate Transparency Bill - HxL - 05 05 23

  The CLLS and Law Society have commented on the proposed amendments to the Economic Crime and Corporate Transparency Bill 2022 to be moved in Grand Committee by Lord Johnson of Lainston, which are understood to be supported by HM Government. The comments cover such issues as verification of registrable beneficial owners and managing officers of overseas entities, changes to information in a company’s register of members, a duty to notify the company of required information on becoming a member, penalties for failing to notify company of required information, and powers to require information from members and on informing members of the relevant changes in the Bill if enacted.

  

• 03/05/2023 - CLLS response to the government's payment practices consultation - 21-4-23

  The Company Law Committee submitted its response to the Department for Business and Trade consultation in respect of the Reporting on Payment Practices and Performance Regulations 2017 and Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 It agreed that the Regulations should be extended beyond their current expiry date of 6th April 2024 and commented on other potential amendments and improvements to the Regulations, such as reporting on the proportion of transactions not paid within terms; in-scope entities being required to report on the total value of due payments which have not been paid within agreed terms; and requiring a report on payment practices to improve supplier payment practices and to give shareholders and other stakeholders better visibility on how a company’s directors are meeting their section 172(1) duties.

  

• 24/02/2023 - CLLS Submission re ISU Consultation - 24 Feb 2023

  The CLLS Company law committee submitted its Response to the House of Commons Sub-Committee on National Security and Investment Call for Evidence: “Information Sharing by the ISU”. The committee called for more frequent and more open communication between the ISU and parties, thereby reducing the need for judicial review of decisions. They were of the view that outcomes should be more aware of commercial considerations while addressing the government’s legitimate national security concerns. The committee called for publication of remedy templates; annual reports setting out issues and pathways to their being resolved; and greater openness in communication.

  

• 03/02/2023 - CLLS CLC response to FRC consultation in respect of the Draft Minimum Standard for Audit Committees - 03 02 23

  The CLLS Company Law Committee responded to the FRC consultation in respect of the Draft Minimum Standard for Audit Committees The proposed draft minimum standard would apply to audit committees of FTSE 350 companies in relation to the appointment and oversight of auditors. The Standard is proposed in anticipation of the Government’s intention to give the Auditing, Reporting and Governance Authority the power to set minimum requirements on audit committees in relation to such appointment and oversight.

  

• 17/01/2023 - PCP 2022-4 - Final - Miscellaneous Code Amendments

  A Joint Working Party of the Company Law Committees of the City of London Law Society (CLLS) and the Law Society of England and Wales (the Law Society) has responded to the consultation document PCP 2022/4 Miscellaneous Code Amendments.

  

• 17/01/2023 - PCP 2022-3 - Final - The Offer Timetable in a Competitive Situation

  A Joint Working Party of the Company Law Committees of the City of London Law Society and the Law Society of England and Wales has responded to the consultation PCP 2022/3 The Offer Timetable in a Competitive Situation

  

• 15/11/2022 - Consultation - UK Jurisdiction Taskforce on issuance and transfer of digital securities under English private law - 28 10 22

  Consultation by the UK Jurisdiction Taskforce on the issuance and transfer of digital securities under English private law. Additional comments of the City of London Law Society Company Law Committee

  

• 15/11/2022 - CLLS Company Law Committee - Response on the Economic Crime and Corporate Transparency Bill 2022

  Economic Crime and Corporate Transparency Bill 2022 Response which contains the comments of the Law Society and CLLS Company Law Committees on the Economic Crime and Corporate Transparency Bill

  

• 15/11/2022 - CLLS Company Law Committee response to Law Commission Consultation on digital assets - 04 11 22

  The short response of the CLLS Company Law Committee to the consultation which endorses the concerns in the CLLS Financial Law Committee's response regarding the potential problems that could arise from linking shares in UK companies to crypto assets

  

• 23/09/2022 - PCP 2022-2 - Final JWG response

  Consultation on amendments to the Takeover Code in relation to the presumptions of the definition of "acting in concert" and related matters he Joint CLLS/Law Society. Takeovers Working Group which included the CLLS Company Law Committee submitted its response to the Takeover Panel consultation on amendments to the Takeover Code in relation to presumptions of the definition of "acting in concert" and related matters (PCP 2022/2).

  

• 09/09/2022 - CLLS Response_ FCA DP 22_2

  The CLLS Company Law Committee responded jointly with the Law Society to the FCA consultation on the structure of the listing regime.

  

• 17/05/2022 - CLLS statement on share security BEIS comments

  Response to the Company, Regulatory and Insolvency Committees of the CLLS by the Department for Business, Energy and Industrial Strategy ("BEIS") on the application of the NSI to the creation of an equitable charge over 25% or more of the shares in a company.

  

• 22/03/2022 - PCP 2022-1 - Removal of restriction on anonymous order book dealings

  CLLS Company Law Committee response to the consultation on PCP 2022/1: Removal of restriction on anonymous order book dealings

  

• 21/03/2022 - Company Law Committee - PCP 2021-1 Miscellaneous Code amendments

  CLLS Company Law Committee and Law Society joint submission - PCP 2021/1: Miscellaneous Code amendments

  

• 12/01/2022 - Response to consultation on “Corporate Redomiciliation”

  Response of the Company Law Committees of the CLLS and the Law Society to BEIS, HMRC and HM Treasury Consultation on “Corporate Redomiciliation”

  

• 18/11/2021 - CLLS LS Response UK Secondary Capital Raising Review 16 11 21

  City of London Law Society and Law Society Response to HM Treasury Call for Evidence: UK Secondary Capital Raising Review

  

• 29/10/2021 - Response to The Pensions Regulator's consultation on Strengthening The Pensions Regulators Powers_ Contribution Notice and Information Gathering

  CLLS Company Law Committee Response to the Department for Work & Pensions' consultation on Strengthening The Pensions Regulator’s Powers - Notifiable Events (Amendments) Regulations 2021

  

• 24/10/2021 - CLLS Response FCA CP 21 24

  City of London Law Society Response To FCA CP 21/24 - Diversity And Inclusion on Company Boards And Executive Committees – 20th October 2021

  

• 22/10/2021 - CLLS LS Response HMT Prospectus Consultation - 24.09

  City of London Law Society and Law Society response to HM Treasury Consultation on UK Prospectus Regime Review

  

• 21/09/2021 - Joint CLLS/Law Society response to National Security and Investment Act 2021

  

• 21/09/2021 - Response to the Law Commission’s Discussion Paper on Corporate Criminal Liability

  

• 21/09/2021 - Response to FCA CP21/18: Climate related disclosures by standard listed companies

  

• 21/09/2021 - Response to CP 21/21 Primary Markets Effectiveness Review

  

• 27/08/2021 - CLLS LS response HMT Consultation Power to block listings

  HM Treasury: Power to block listings on national security grounds: Economic Crime Plan – Action 19

  

• 08/07/2021 - CLLS and Law Soc response to BEIS white paper final - 08 07 21

  City of London Law Society and Law Society Response to BEIS Consultation on “Restoring Trust In Audit And Corporate Governance”

  

• 28/06/2021 - Cash confirmation note final with CLLS coversheet - 28 06 21

  Cash confirmations - duration of certain funds period The changes to the City Code on Takeovers and Mergers in relation to the conditions to offers and the offer timetable take effect on 5 July 2021. A Joint Working Party of the Company Law Committees of the City of London Law Society (CLLS) and the Law Society of England and Wales (Law Society) (the Joint Working Party) has drafted the following specimen documents to reflect the Code changes: (i) a revised set of offer conditions; (ii) further terms of the offer; and (iii) wording for an acceleration statement (together, the Specimen Documents). The Joint Working Party has also prepared a memorandum describing potential approaches for addressing cash confirmation exercises in light of the guidance from the Takeover Panel that financing arrangements for offers and schemes should continue beyond the stated contractual long-stop date of the offer/scheme (the Memorandum, together with the Specimen Documents, the Documents). The Specimen Documents are intended as illustrative examples. The Memorandum reflects the views of the Joint Working Party. The Documents are not prescriptive or comprehensive and are not intended to be, and should not be relied upon as being, legal or regulatory advice. Users of the Documents will need to consider their contents in light of the specific circumstances of their particular transaction and should consult their own advisers before using, or taking any action based on, the Documents. No duty of care or liability whatsoever is accepted by the CLLS or the Law Society, by those involved in the preparation or approval of the Documents, or by the firms or organisations that they represent, to any firm, company or individual who relies on material in it and no representation or warranty is made as to its accuracy, suitability or completeness.

  

• 28/06/2021 - Further terms final with CLLS coversheet - 20 06 2021

  Second of four Specimen Documents Further Terms of the Offer

  

• 28/06/2021 - Offer conditions - final with CLLS coversheet

  Third of four Specimen documents. Conditions to and Certain Further Terms of the Offer.

  

• 28/06/2021 - Acceleration statement wording final with CLLS coversheet - 28 06 21

  Fourth of four Specimen documents. Acceleration statement wording.

  

• 07/06/2021 - CLLS Joint Response CP 21 10 Investor protection measures for SPACs

  CLLS and Law Society joint response to the FCA Consultation Paper: Investor protection measures for special purpose acquisition companies: Proposed changes to the Listing Rules

  

• 12/05/2021 - CLLS Response to Consultation on requiring mandatory TCFD - 12 05 21

  Response by the CLLS Company Law Committee and Law Society to the BEIS Consultation on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs)

  

• 11/03/2021 - CLLS Company Law Committee - National Security Bill Committee response submission

  The Company Law Committees of the City of London Law Society and the Law Society joint response to the National Security and Investment Bill

  

• 11/03/2021 - CLLS Company Law Committee - written evidence - National Security and Investment Bill 2019-21

  CLLS Company Law Committee - written evidence - National Security and Investment Bill 2019-21

  

• 04/02/2021 - Corporate Transparency and Register Reform - Consultation on Powers of the Registrar

  Company Law Committee - Corporate Transparency and Register Reform - Consultation on Powers of the Registrar

  

• 04/02/2021 - CLLS - Response to consultation on improving the quality of financial information on the public register

  CLLS Company law Committee Corporate Transparency and Register Reform - Consultation on improving the quality and value of financial information on the UK companies register

  

• 04/02/2021 - Consultation response to ban on corporate directors

  Corporate Transparency and Register Reform Consultation on implementing the ban on corporate directors

  

• 04/02/2021 - A matter of principles - The future of corporate reporting - FRC discussion paper October 2020

  A matter of principles - The future of corporate reporting - FRC discussion paper October 2020

  

• 07/01/2021 - NS&I - Sectoral Consultation - Response from CLLS and Law Society Joint Committee 06 01 21

  Response of the CLLS Company Law Committee and the Law Society to the National Security and Investment: Sectors in Scope of the Mandatory Regime Consultation on Secondary legislation to define the sectors subject to mandatory notification in the National Security and Investment Bill 2020

  

• 22/12/2020 - CLLS Company LawTakeover Panel PCP 2020-1

  CLLS Company Law Committee to the Takeover Panel consultation.

  

• 15/12/2020 - CLLS Company Law Committee - written evidence - National Security and Investment Bill 2019-21

  National Security and Investment Bill 2019-21 Written evidence from the Company Law Committees of the City of London Law Society and the Law Society of England and Wales

  

• 15/12/2020 - CLLS Company Law Committee - National Security Bill Committee response submission

  National Security and Investment Bill Joint Response of the Company Law Committees of the City of London Law Society and the Law Society

  

• 15/10/2020 - FCA Consultation Paper CP 20-3 - 30 09 2020

  CLLS Company Law Committee FCA Consultation Paper CP 20/3: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations

  

• 29/09/2020 - PMB 30 - Final JWG response for submission Proposed Technical Note 606-1

  City of London Law Society Company law committee and Law Society joint response Primary Market Bulletin No.30 Proposed Technical Note 606.1 “When a prospectus is required where securities are issued pursuant to Schemes of Arrangement”

  

• 15/07/2020 - CLLS and Law Society response to BEIS Committee Audit 9 July 2020

  The Law Society of England and Wales and City of London Law Society joint written evidence to the Business, Energy and Industrial Strategy Select Committee’s inquiry into delivering audit reform

  

• 09/07/2020 - Consultation response - CLLS - Dormant assets scheme expansion

  CLLS Company Law Committee response to the Government's consultation on the dormant assets scheme expansion.

  

• 22/02/2020 - CLLS response to HMRC and HMT consultation on extension of the Trust Registration Service

  HM Revenue and Customs and HM Treasury Consultation on Fifth Money Laundering Directive and Trust Registration Service

  

• 10/01/2020 - Joint Law Soc CLLS response CP 1933

  Joint CLLS Company Law Committee and Law Society response CP 1933

  

• 29/11/2019 - CLLS response to ESMA consultation on MAR - final version 29 November 2019

  CLLS Company Law Committee response to ESMA consultation on MAR - final version 29th November 2019

  

• 18/11/2019 - Law Soc CLLS Response to consultation on technical note 411-1

  CLLS Company Law Committee and Law Society Response to consultation on technical note 411-1

  

• 12/11/2019 - Law Society CLLS QA on PSC Nov 2019

  Joint City of London Law Society and Law Society Q&A on the PSC Registers November 2019

  

• 07/10/2019 - CLLS Law Society response - 07 10 19

  Joint response by CLLS Company Law Committee and the Law Society to ESMA Consultation Paper: Draft Guidelines on Disclosure Requirements under The Prospectus Regulation - ESMA 31/62/1239

  

• 13/09/2019 - Response to BEIS Initial Consultation - final version 12 09 2019

  Response of CLLS Company Law Committee to BEIS Initial Consultation on Recommendations By The Competition And Markets Authority in its Market Study on Statutory Audit Services

  

• 31/07/2019 - CLLS response to BEIS consultation on Companies House 31 07 19

  BEIS Consultation - Corporate Transparency and Register Reform The Company Law and Financial Law Committees of the CLLS responded jointly to the BEIS Consultation: Corporate Transparency and Register Reform

  

• 13/07/2019 - Law Society and CLLS response ICSA review July 2019 - 003

  Law Society and CLLS response ICSA review July 2019

  

• 13/06/2019 - CLLS Company Law Committee and Law Society response to BEIS Kingsman review

  CLLS Company Law Committee and Law Society response to BEIS Kingsman review

  

• 05/06/2019 - Law Society and CLLS response to the independent review into the quality and effectiveness of audit

  Law Society and CLLS response to the independent review into the quality and effectiveness of audit

  

• 29/04/2019 - FCA/FRC discussion paper - building a regulatory framework for effective stewardship

  CLLS Company Law Committee response to FCA/FRC discussion paper: building a regulatory framework for effective stewardship

  

• 31/03/2019 - Procedural note - schemes of arrangement and reconstructions

  CLLS Company Law Committee suggested manuscript amendments to FCA procedural note on transactions implemented by way of a scheme of arrangement - February 2019

  

• 29/03/2019 - CLLS Response on CP on the revised Stewardship Code

  CLLS Company Law Committee Response to the Financial Reporting Council Consultation on Proposed Revision to the UK Stewardship Code

  

• 28/03/2019 - CLLS response to CP 196 FCA Consultation Paper CP 19-6

  Joint CLLS TLS response to CP 196 FCA Consultation Paper CP 19/6 Changes to align the FCA Handbook with the EU Prospectus Regulation

  

• 27/03/2019 - Joint CLLS Law Society Response to CP 197 FCA consultation paper

  Joint CLLS Law Society Response to CP 197 FCA consultation paper Consultation on proposals to improve shareholder engagement

  

• 22/03/2019 - Joint CLLS and Law Society response to the FCA Primary Market Bulletin Number 20

  Joint CLLS and Law Society response to the FCA Primary Market Bulletin No.20 Consultation on proposed changes to the Knowledge Base

  

• 21/12/2018 - CLLS Law Soc Joint response to CP 18 36 Brexit second consultation paper

  FCA consultation paper 18/36 - Brexit: proposed changes to the Handbook and Binding Technical Standards – second consultation

  

• 17/12/2018 - Takeover Panel consultation paper PCP 2018/2

  Takeover Panel consultation paper PCP 2018/2 Law Society and City of London Law Society joint response - 17 December 2018

  

• 07/12/2018 - Takeover Panel consultation paper PCP 2018/1

  Takeover Panel consultation paper PCP 2018/1 Law Society and City of London Law Society joint response 7 December 2018

  

• 07/12/2018 - FCA consultation - Brexit - proposed changes to the Handbook and Binding Technical Standards

  FCA consultation paper 18/28 Brexit: proposed changes to the Handbook and Binding Technical Standards – first consultation

  

• 23/11/2018 - Electronic Execution of documents - CLLS Financial and Company Law Committees joint response

  Joint response of CLLS Financial and Company Law Committees to the Law Commission's Consultation Paper on Electronic Execution of documents

  

• 08/10/2018 - Company Law Committee – Vacancies

  Invitation to join the Company Law Committee - closing date Monday 29th October

  

• 05/10/2018 - ESMA prospectus risk factors

  CLLS Company Law Committee response to the consultation on the draft guidelines on risk factors under the Prospectus Regulation

  

• 05/10/2018 - ESMA prospectus exemption

  CLLS Company Law Committee response to the consultation on the draft technical advice on minimum information content for prospectus exemption

  

• 06/09/2018 - Companies (Miscellaneous Reporting) Regulations 2018 - Q&A (BEIS)

  The Company Law Committee has sent its comments, along with those of the Law Society, on the Companies (Miscellaneous Reporting) Regulations 2018 - Q&A (BEIS)

  

• 06/09/2018 - Law Society and CLLS response to Wates Principles

  Joint response from the Law Society and City of London Law Society (CLLS) to the FRC’s consultation on the Wates Corporate Governance Principles for Large Private Companies.

  

• 06/08/2018 - CLLS Company Law Committee response on the Call for Evidence for the Independent Review of the FRC

  This response to the Call for Evidence as part of the Independent Review of the Financial Reporting Council (FRC) gives the CLLS Company Law Committee's views and experiences on the FRC's role solely in the areas of the UK Corporate Governance Code (the Code) and corporate governance and narrative reporting.

  

• 23/07/2018 - Company Law Committee consultation on proposed update to technical note FCA-TN-506-1

  Law Society and City of London Law Society joint response - Primary Market Bulletin 19: comments on consultation on proposed update to technical note FCA/TN/506.1

  

• 11/06/2018 - Response to BEIS' Insolvency and Corporate Governance Consultation

  

• 06/06/2018 - Intra-group loans and Distributions

  This note (and its sister note on guarantees and distributions) have been prompted by a paper produced by the Institute of Chartered Accounts in England and Wales and the Institute of Chartered Accountants of Scotland containing Guidance on Realised and Distributed Profits under the Companies Act 2006 (Tech 02/17 BL). They are concerned with the following questions: 1. If an English company, which is a member of a group of companies, gives a guarantee to a creditor of its parent company or of a fellow subsidiary, can that guarantee constitute a distribution of assets to its members? 2. If an English company, which is a member of a group of companies, makes an on-demand loan to its parent company or to a fellow subsidiary, can that loan constitute a distribution of assets to its members? The two notes have been prepared by the CLLS and the Law Society.

  

• 06/06/2018 - Guarantees and distributions

  This note (and its sister note on intra-group loans and distributions) have been prompted by a paper produced by the Institute of Chartered Accounts in England and Wales and the Institute of Chartered Accountants of Scotland containing Guidance on Realised and Distributed Profits under the Companies Act 2006 (Tech 02/17 BL). They are concerned with the following questions: 1. If an English company, which is a member of a group of companies, gives a guarantee to a creditor of its parent company or of a fellow subsidiary, can that guarantee constitute a distribution of assets to its members? 2. If an English company, which is a member of a group of companies, makes an on-demand loan to its parent company or to a fellow subsidiary, can that loan constitute a distribution of assets to its members? The two notes have been prepared by the CLLS and the Law Society.

  

• 22/05/2018 - CLLS and Law Society MAR QA - updated 22 May 2018

  

• 14/05/2018 - CLLS SRD implementing Regulation Response

  Submission of a Joint Working Group of the Company Law Committee of the City Of London Law Society and the Law Society Company Law Committee European Commission Consultation on Minimum Requirements in the Transmission of Information for the Exercise of Shareholder Rights (Reference Ares (2018) 1944240)

  

• 28/02/2018 - Revised UK Corporate Governance Code

  Submission by the Company Law commission

  

• 01/11/2017 - Market Abuse Regulation (EU MAR) Q&A - updated 30th October 2017

  

• 01/11/2017 - Joint CLLS and LSEW Response to FCA Primary Market Bulletin No.18: Guidance Consultation

  

• 01/11/2017 - Joint CLLS and LSEW Response to FCA Consultation Paper 17/21

  

• 31/10/2017 - Takeover Panel consultation paper PCP2017-2

  Joint response by CLLS Company Law committee and the Law Society

  

• 16/10/2017 - The Business Contract Terms Assignment of Receivables Regulations 2017

  Letter by Company Law Committee expressing concerns about the legal certainty and vires of the draft laid before Parliament and about the absence of consultation on the draft.

  

• 27/09/2017 - Response of the Takeovers Joint Working Party to PCP 2017-1 - 27 09 17

  Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society of England and Wales Standing Committee on Company Law on the Panel Consultation Paper PCP 2017/1.

  

• 21/07/2017 - MAR Q&A (updated 21 July 2017)

  The Q&A has been updated to note that Q&A7 is being revised in the light of Q&A 7.7 in Version 6 of ESMA’s Q&A on MAR published on 6 July 2017.

  

• 30/06/2017 - Market Abuse Regulation (EU MAR) Q&A (Updated 30 June 2017)

  Updated Market Abuse Regulation (EU MAR) Q&A and Market Abuse Regulation (EU MAR) Takeover Q&A. This updated version of the Q&A published on 30 June 2017 incorporates the Q&A published on 28 October 2016 and includes a new Part C.

  

• 05/06/2017 - Law Society and City of London Law Society response to CP 17/5

  

• 14/05/2017 - Law Society and City of London Law Society response to FCA Consultation DP 17 - 2

  

• 14/05/2017 - CLLS and Law Society response to FCA Consultation CP 17- 4

  FCA Consultation CP 17-4 Review of the effectiveness of Primary Markets: Enhancements to the Listing Regime

  

• 10/05/2017 - Law Society and City of London Law Society Response to FCA Primary Market Bulletin No 17 Consultation

  

• 03/05/2017 - Law Society and City of London Law Society response to CP 17-6

  

• 17/02/2017 - CLLS Response to the Green Paper on Corporate Governance Reform

  

• 11/01/2017 - FCA Consultation DP16 38 DTR 2.5 changes - delay in the disclosure of inside information

  

• 04/01/2017 - LSEW CLLS Joint Listing Rules Working Party response to the FCA Quarterly Consultation DP16-39

  

• 28/10/2016 - Updated Market Abuse Regulation (EU MAR) Q&A and Market Abuse Regulation (EU MAR) Takeover Q&A

  Updated Market Abuse Regulation (EU MAR) Q&A and Market Abuse Regulation (EU MAR) Takeover Q&A. This updated version of the Q&A published on 28 October 2016 incorporates the Takeover Q&A first published on 15 August 2016 and takes account of the ESMA Questions and Answers published on 26 October 2016 (ESMA 2016/1520).

  

• 27/10/2016 - CLLS response to the Corporate Governance Inquiry being conducted by the Business, Innovation and Skills Committee

  

• 18/08/2016 - LSEW & CLLS Listing Rules Joint Working Party response to the Consultation GC16/6: Primary Market Bulletin No. 16

  

• 17/08/2016 - Market Abuse Regulation (EU MAR) Takeover Q&A

  

• 25/07/2016 - LSEW CLLS Joint Working Party - Note on the Execution of a Document Using an Electronic Signature

  LSEW & CLLS Joint Working Party: Note on the Execution of a Document Using an Electronic Signature

  

• 20/07/2016 - LSEW & CLLS Joint Working Party response to the FCA Consultation DP 16-3.

  FCA Consultation DP16/3: Availability of information in the UK Equity IPO process Law Society and City of London Law Society joint response - July 2016

  

• 05/07/2016 - Market Abuse Regulation (EU MAR) Q&A

  Market Abuse Regulation (EU MAR) Q&A In the light of uncertainties in the interpretation of the Market Abuse Regulation (MAR) and related subsidiary regulations, this Q&A has been drafted by the City of London Law Society and Law Society Company Law Committees’ Joint Working Parties on Market Abuse, Share Plans and Takeovers Code as a suggested approach to implementing certain aspects of MAR. This Q&A represents the Joint Working Parties’ explanation of how, in their view, MAR should apply to certain practical situations, but is subject to review and amendment in the light of practice on the implementation of MAR and to any relevant future UK or EU guidance published in relation to MAR.

  

• 23/06/2016 - LSEW & CLLS drafting comments on proposed amendments to Tech 02/10

  

• 23/06/2016 - LSEW & CLLS response to ICAEW on proposed amendments to Tech 02/10

  

• 12/05/2016 - LSEW & CLLS Joint Market Abuse Working Party response to AIM Notice No 44

  

• 11/05/2016 - LSEW & CLLS Listing Rules Joint Working Party response to the Consultation GC16/3: Primary Market Bulletin No. 13

  

• 15/04/2016 - LSEW and CLLS Takeovers Joint Working Party response to Takeover Panel Consultation Paper PCP2016/1

  

• 31/03/2016 - LSEW and CLLS Joint Market Abuse Working Party response to ESMA Consultation Paper 2016/162

  

• 25/02/2016 - LSEW & CLLS Joint Listing Rules Working Party response to FCA Consultation CP15/38

  

• 08/02/2016 - LSEW and CLLS Joint MAR working party response to the FCA's Consultation Paper CP15/35

  

• 08/02/2016 - LSEW and CLLS Joint MAR Working Party response to HM Treasury's Consultation on the Draft FSMA 2000 Market Abuse Regulations 2016

  

• 04/02/2016 - LSEW and CLLS joint CREST working party response to HM Treasury’s consultation on implementing the Central Securities Depositories Regulation (CSDR)

  

• 25/01/2016 - LSEW and CLLS response to the ICSA Consultation on Draft PSC Register Guidance

  

• 16/12/2015 - Company Law Committee letters to the European Commission (EC) re: ESMA's draft technical standards on the Market Abuse Regulation (MAR)

  

• 16/12/2015 - CLLS Company Law Committee letters to Members of the European Parliament (MEPs) re: ESMA's draft technical standards on the Market Abuse Regulation (MAR)

  

• 05/11/2015 - LSEW & CLLS Listing Rules Joint Working Party response to Chapter 8 of the FCA's consultation paper CP15/28.

  

• 02/11/2015 - CLLS Company Law Committee response to Shareholder Voting Working Group

  

• 20/08/2015 - LSEW & CLLS Listing Rules Joint Working Party response to FCA CP15/19: Quarterly Consultation Paper No. 9

  

• 17/07/2015 - Response to the Department for Business, Innovation and Skills Consultation Paper on The Register of People with Significant Control

  

• 18/06/2015 - Response of the LSEW & CLLS Takeovers Joint Working Party to the Takeover Panel's consultation paper PCP2015/1 (regarding dividends).

  

• 21/05/2015 - LSEW & CLLS Listing Rules Joint Working Party response to HM Treasury's and the FCA's joint consultation paper CP15/11 on Implementing changes made to the Transparency Directive

  

• 19/05/2015 - LSEW & CLLS Listing Rules Joint Working Party response to the European Commission's consultation on the review of the Prospectus Directive

  

• 18/05/2015 - LSEW & CLLS Listing Rules Joint Working Party response to the consultation on proposed new and amended Technical Notes announced in the FCA's Primary Market Bulletin No. 11

  

• 27/04/2015 - Response to BIS consultation on exceptions to corporate directors prohibition

  

• 02/03/2015 - Joint Response of CLLS and LSEW Listing Rules Working Party to ESMA CP MiFID II MiFIR

  

• 12/01/2015 - Response of the LSEW & CLLS Listing Rules Joint Working Party to proposed amendments to certain technical notes announced in the FCA's Primary Market Bulletin Issue No. 9

  

• 08/01/2015 - Response to BIS Consultation Paper on the Scope of Exceptions to the Prohibition of Corporate Directors

  

• 24/12/2014 - Further response of the LSEW & CLLS Listing Rules Joint Working Party to FCA Consultation Paper 14/21

  

• 19/12/2014 - Response of LSEW & CLLS Listing Rules Joint Working Party to ESMA consultation on draft regulatory technical standards under the Omnibus II Directive

  

• 07/11/2014 - Initial response of CLLS & LSEW Listing Rules Joint Working Party to FCA Consultation paper 14/21 on joint sponsors and sponsor conflicts

  

• 05/11/2014 - Response by the CLLS & Law Society Joint Takeovers Working Party to the Takeover Panel's PCP 2014/2

  

• 05/11/2014 - LSEW and CLLS Joint Listing Rules Working Party response to FCA Consultation Paper 14/18 on amendments to the Listing, Prospectus, Disclosure and Transparency Rules

  

• 15/10/2014 - Response of MAR Joint Working Party of the LSEW & CLLS Company Law Committees to ESMA Consultation Paper 2014/808 regarding draft technical advice on delegated acts concerning the Market Abuse Regulation

  

• 15/10/2014 - Response of the MAR Joint Working Party of the LSEW & CLLS Company Law Committees to ESMA Consultation Paper 2014/809 regarding draft technical standards on the Market Abuse Regulation

  

• 01/10/2014 - Response of LSEW & CLLS Listing Rules Joint Working Party to the Draft Technical Notes Consultation announced in FCA's Primary Market Bulletin Issue No. 8

  

• 12/09/2014 - Response by the CLLS & Law Society Joint Takeovers Working Party to the Takeover Panel's PCP 2014/1

  

• 26/06/2014 - Response to the FRC Consultation Paper on proposed revisions to the UK Corporate Governance Code

  

• 17/06/2014 - Response of the LSEW and CLLS Listing Rules Joint Working Party to the EC proposal for a directive of the European Parliament and Council amending the Shareholder Rights Directive (2007/36/EC)

  

• 05/06/2014 - Response to BIS request for views on the proposed prohibition of corporate members of LLPs

  

• 30/05/2014 - Response of LSEW & CLLS Listing Rules Joint Working Party to the ESMA Consultation Paper on draft regulatory technical standards on major shareholdings and indicative list of financial instruments subject to notification requirements under the revised Transparency Directive

  

• 30/04/2014 - Response of LSEW & CLLS Listing Rules Joint Working Party to FCA CP 14/2 on proposed amendments to the Listing Rules in relation to sponsor competence and other amendments to the Listing Rules and Prospectus Rules

  

• 05/02/2014 - Response of the LSEW & CLLS Listing Rules Joint Working Party to FCA CP 13/15 on enhancing the effectiveness of the Listing Regime

  

• 27/01/2014 - Market Abuse Joint Working Party of the Company Law Committees of the CLLS and the Law Society of England & Wales response to ESMA discussion paper 2013/1649

  The Joint Working Party responded in detail to the ESMA discussion paper, which concerned ESMA’s policy orientations on possible implementing measures under the Market Abuse Regulation.

  

• 09/10/2013 - Response of the LSEW & CLLS Listing Rules Joint Working Party to FCA CP 13/7 on consequential changes to the Listing Rules resulting from the BIS directors' remuneration reporting regulations and narrative reporting regulations

  

• 23/09/2013 - Response of the CLLS Company Law Committee to the BIS Discussion Paper on Transparency & Trust: enhancing the transparency of UK company ownership and increasing trust in UK business

  

• 28/06/2013 - Response of the LSEW & CLLS Listing Rules Joint Working Party to the ESMA Consultation on Draft Regulatory Technical Standards on specific situations that require the publication of a supplement to the prospectus

  

• 05/04/2013 - Response of the LSEW & CLLS Joint Listing Rules Working Party to the Draft Technical and Procedural Notes referred to in the FSA Primary Market Bulletin Issue No.5

  

• 08/03/2013 - Response of the LSEW & CLLS Listing Rules Joint Working Party to the London Stock Exchange's High Growth Segment Draft Rule Book

  

• 08/02/2013 - Response to FRC Paper - Thinking about disclosures in a broader context

  Response to FRC Paper - Thinking about disclosures in a broader context

  

• 31/12/2012 - Response of the Listing Rules Joint Working Party of the Company Law Committees

  Response of the Listing Rules Joint Working Party of the Company Law Committees of the Law Society of England and Wales and the CLLS to FSA consultation paper 12/25 “Enhancing the effectiveness of the Listing Regime”

  

• 06/11/2012 - Takeovers Joint Working Party of the City of London Law Society Company Law

  Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society Company Law Committee response to the Takeover Panel’s Code Committee’s consultation paper, Pension Scheme Trustee Issues (PCP 2012/2)

  

• 06/11/2012 - Takeovers Joint Working Party of the City of London Law Society Company Law

  Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society Company Law Committee response to the Takeover Panel’s Code Committee’s consultation paper, Companies Subject to the Takeover Code (PCP 2012/3)

  

• 24/10/2012 - Response of the Takeovers Joint Working Party of the City of London Law Society

  Response of the Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society Company Law Committee to the Takeover Panel’s Code Committee’s consultation paper on Profit Forecasts, Quantified Financial Benefits Statements, Material Changes in Information and other Amendments to the Takeover Code

  

• 12/09/2012 - Joint CLLS/Law Society Company Law Committees' response to the FSA Primary

  Joint CLLS/Law Society Company Law Committees' response to the FSA Primary Markets Bulletin - Issue 2

  

• 16/07/2012 - Comments of the CREST Working Party of the Company Law Committee of the Law

  Comments of the CREST Working Party of the Company Law Committee of the Law Society of England and Wales and the CLLS Company Law Committee on the Proposed Regulation on Central Securities Depositories

  

• 12/07/2012 - Response to ICAEW "Guidance on financial position and prospects procedures"

  Response to ICAEW "Guidance on financial position and prospects procedures" Exposure Draft pdf icon

  

• 12/07/2012 - Response of the Company Law Committee of the Law Society of England and Wales

  Response of the Company Law Committee of the Law Society of England and Wales and the CLLS Company Law Committee to Draft ECON Report and New Presidency Compromise texts on the proposal for a regulation of the European Parliament and of the Council on insider dealing and market manipulation (market abuse)

  

• 12/07/2012 - Letter regarding Proposed Regulation on Central Securities Depositaries

  Letter regarding Proposed Regulation on Central Securities Depositaries

  

• 03/06/2012 - Response to Red Tape Challenge - Company and Commercial Law Spotlight

  Response to Red Tape Challenge - Company and Commercial Law Spotlight

  

• 31/05/2012 - Inquiry into Corporate Governance in Systemically Important Financial

  Inquiry into Corporate Governance in Systemically Important Financial Institutions

  

• 23/05/2012 - Response to EU Consultation on the Future of European Company Law

  Response to EU Consultation on the Future of European Company Law

  

• 26/04/2012 - Response of the Company Law Committee of the Law Society of England and Wales

  Response of the Company Law Committee of the Law Society of England and Wales and the CLLS Company Law Committee to FSA CP12/2 – AMENDMENTS TO THE LISTING RULES, PROSPECTUS RULES, DISCLOSURE RULES AND TRANSPARENCY RULES

  

• 28/03/2012 - Comments of the Law Society of England and Wales and of the City of London Law

  Comments of the Law Society of England and Wales and of the City of London Law Society Company Law Committee on the Commission proposals for a Regulation on insider dealing and market manipulation (market abuse) and for a Directive on criminal sanctions for insider dealing and market manipulation

  

• 13/03/2012 - Response to FSA Consultation CP11/28 - UK implementation of amending Directive 2

  Response to FSA Consultation CP11/28 - UK implementation of amending Directive 2010/73/EU

  

• 13/03/2012 - Response to ESMA consultation paper on ESMA's draft technical advice on possible

  Response to ESMA consultation paper on ESMA's draft technical advice on possible delegated acts concerning the regulation on short selling and certain aspects of credit default swaps (ESMA/2012/98)

  

• 13/03/2012 - Response of the Company Law Committee of the Law Society of England and Wales

  Response of the Company Law Committee of the Law Society of England and Wales and the CLLS Company Law Committee to the Commission proposal for a directive amending the Transparency Directive

  

• 13/02/2012 - Response to ESMA consultation paper on short selling (ESMA/2012/30)

  Response to ESMA consultation paper on short selling (ESMA/2012/30)

  

• 29/11/2011 - RESPONSE TO BIS CONSULTATION “THE KAY REVIEW OF UK EQUITY MARKETS AND LONG-TERM

  RESPONSE TO BIS CONSULTATION “THE KAY REVIEW OF UK EQUITY MARKETS AND LONG-TERM DECISION MAKING”

  

• 30/09/2011 - Response to the Financial Reporting Council's paper on

  Response to the Financial Reporting Council's paper on

  

• 31/08/2011 - Response of the Takeovers Joint Working Party of the City of London Law Society

  Response of the Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society Company Law Committee to the European Commission study on the application of the Directive 2004/25/EC on takeover bids

  

• 20/07/2011 - Response to EC paper

  Response to EC paper

  

• 14/07/2011 - Response of the Company Law Committee of the Law Society of England and Wales

  Response of the Company Law Committee of the Law Society of England and Wales and the CLLS Company Law Committee to the Consultation on ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by Directive 2010/73/EU

  

• 21/06/2011 - Response of Takeovers Joint Working Party of the City of London Law Society

  Response of Takeovers Joint Working Party of the City of London Law Society Company Law Committee and the Law Society Company Law Committee to PCP 2011/1

  

• 21/06/2011 - Further Comments by the Takeovers Working Party on PCP 2011/1

  Further Comments by the Takeovers Working Party on PCP 2011/1

  

• 11/04/2011 - Updated Note Regarding Admission Condition on Takeovers

  Updated Note Regarding Admission Condition on Takeovers

  

• 31/03/2011 - Response to FRC Consultation on Effective Company Stewardship - Enhancing

  Response to FRC Consultation on Effective Company Stewardship - Enhancing Corporate Reporting and Audit

  

• 31/03/2011 - Response to ESMA Call for Evidence on Delegated Acts concerning the Prospectus

  Response to ESMA Call for Evidence on Delegated Acts concerning the Prospectus Directive

  

• 18/02/2011 - Joint CLLS/Law Society response to US Securities and Exchange Commission

  Joint CLLS/Law Society response to US Securities and Exchange Commission consultation on Extra-Territorial Application of Securities Fraud Provisions (File No 4-617)

  

• 20/01/2011 - Response to European Commission Consultation on Legislation on Legal Certainty

  Response to European Commission Consultation on Legislation on Legal Certainty of Securities Holdings and Dispositions

  

• 19/01/2011 - Joint Response of the Company Law Committees of the CLLS and the Law Society to

  Joint Response of the Company Law Committees of the CLLS and the Law Society to BIS consultation paper

  

• 25/11/2010 - Response to Law Commission Consultation on Criminal Liability in Regulatory

  Response to Law Commission Consultation on Criminal Liability in Regulatory Contexts

  

• 08/11/2010 - Response to the Ministry of Justice consultation on guidance about commercial

  Response to the Ministry of Justice consultation on guidance about commercial organisations preventing bribery (section 9 of the Bribery Act 2010)

  

• 01/11/2010 - Response to BIS Consultation on the Future of Narrative Reporting

  Response to BIS Consultation on the Future of Narrative Reporting

  

• 19/10/2010 - Response to HMT consultation

  Response to HMT consultation

  

• 06/10/2010 - Response to ICSA Higgs Review 2010

  Response to ICSA Higgs Review 2010

  

• 01/09/2010 - Response of the Law Society of England and Wales and the CLLS Regulatory

  Response of the Law Society of England and Wales and the CLLS Regulatory and Company Law Committees to the European Commission Green Paper on Corporate Governance in Financial Institutions and Remuneration Policies

  

• 06/08/2010 - Response to the EC Consultation on the Review of the Market Abuse Directive

  Response to the EC Consultation on the Review of the Market Abuse Directive

  

• 27/07/2010 - Response of the Takeovers Joint Working Party of the City of London Law Society,

  Response of the Takeovers Joint Working Party of the City of London Law Society, the CLLS Company Law Committee and the Law Society Standing Committee on Company Law to PCP 2010/2 - Review of Certain Aspects of the Regulation of Takeover Bids

  

• 25/05/2010 - Response of the Takeovers Joint Working Party of the City of London Law Society

  Response of the Takeovers Joint Working Party of the City of London Law Society Company Law Sub-Committee and the Law Society of England and Wales' Standing Committee on Company Law to the Takeover Panel Consultation PCP 2010/1 – Profit forecasts, asset valuations and merger benefit statements

  

• 19/04/2010 - Response to ICSA Review Consultation on the Higgs Guidance

  Response to ICSA Review Consultation on the Higgs Guidance

  

• 09/03/2010 - Response to the Financial Reporting Council Consultation on the Revised UK

  Response to the Financial Reporting Council Consultation on the Revised UK Corporate Governance Code

  

• 23/02/2010 - Updated Note on Execution of Documents - February 2010

  Updated Note on Execution of Documents - February 2010

  

• 29/01/2010 - Response to Takeover Panel Consultation PCP 2009/3 Amendments to Rule 5 of the

  Response to Takeover Panel Consultation PCP 2009/3 Amendments to Rule 5 of the Rules of the Takeover Code

  

• 11/01/2010 - Response to BIS consultation on Companies Act 2006 Statements of Capital

  Response to BIS consultation on Companies Act 2006 Statements of Capital

  

• 08/01/2010 - Response to FSA CP 09/28

  Response to FSA CP 09/28

  

• 09/11/2009 - Submission to Treasury Committee inquiry into proposals for European Macro

  Submission to Treasury Committee inquiry into proposals for European Macro and Microprudential Financial Regulation

  

• 05/10/2009 - Memorandum on Reductions of Capital Supported by a Solvency Statement

  Memorandum on Reductions of Capital Supported by a Solvency Statement

  

• 28/09/2009 - Response of the Takeovers Joint Working Party of the City of London Law Society

  Response of the Takeovers Joint Working Party of the City of London Law Society Company Law Sub-Committee and the Law Society of England and Wales' Standing Committee on Company Law to PCP 2009/2

  

• 04/09/2009 - UPDATE: Pro forma circular describing the changes to articles of association to

  UPDATE: Pro forma circular describing the changes to articles of association to reflect (i) the changes to the Companies Act 2006 as a result of the implementation of the Companies (Shareholders’ Rights) Regulations 2009 in August 2009 and (ii) provisions

  

• 19/06/2009 - Response to Call for Evidence on Market Abuse Directive 2003/6/EC on Insider

  Response to Call for Evidence on Market Abuse Directive 2003/6/EC on Insider Dealing.

  

• 11/03/2009 - Joint response of the City of London Company Law and Regulatory Committees

  Joint response of the City of London Company Law and Regulatory Committees to the European Commission's Review of the Prospectus Directive

  

• 11/03/2009 - Joint response of the City of London Company Law Committee and the Law Society

  Joint response of the City of London Company Law Committee and the Law Society Company Law Committee to CP08/21 - consultation on the Structure of the Listing Regime

  

• 03/02/2009 - Pro forma circular to amend the articles of association of a listed company with

  Pro forma circular to amend the articles of association of a listed company with effect from 1 October 2009 to cater for CA 2006 changes coming into effect on 1 October 2009 and to cater for other items of business at 2009 AGMs. The pro forma circular was

  

• 13/10/2008 - Response to CP08/13 - Disclosure of Liquidity Support

  Response to CP08/13 - Disclosure of Liquidity Support

  

• 22/09/2008 - Implication for Leveraged Transactions of the Repeal of the Statutory

  Implication for Leveraged Transactions of the Repeal of the Statutory Prohibition of Financial Assistance by Private Companies

  

• 26/08/2008 - Companies Act 2006 - amendments to Articles of Association of a listedcompany:

  Companies Act 2006 - amendments to Articles of Association of a listedcompany: a pro forma circular to shareholders describing changes to articlesof association to reflect the provisions of the Companies Act 2006 in force December 2007 and those coming in

  

• 01/05/2008 - Company Law Committee's submission on the FSA consultation on the structure of

  Company Law Committee's submission on the FSA consultation on the structure of the UK listing regime

  

• 07/04/2008 - Response to consultation on Auditor Liability Limitation Agreements

  Response to consultation on Auditor Liability Limitation Agreements

  

• 25/10/2007 - Joint Response with the Law Society's Company Law Committee to the Consultation

  Joint Response with the Law Society's Company Law Committee to the Consultation on Implementation of the Takeovers Directive

  

• - CLLS response to BEIS consultation on Companies House 31 07 19

  BEIS Consultation - Corporate Transparency and Register Reform The Company Law and Financial Law Committees of the CLLS responded jointly to the BEIS Consultation: Corporate Transparency and Register Reform