The Financial Conduct Authority has published its ninth quarterly consultation paper. Chapter 2 of the consultation paper sets out proposals to amend the Listing Rules and Disclosure and Transparency Rules to take account of, among other things, implementation of the revised UK Corporate Governance Code in September 2014.

The minor proposed amendments include:

  • Amending the Glossary definition of the Code in the FCA Handbook to allow a single definition to apply to all sections of the Handbook.
  • Amending the disclosure requirement of LR 9.8.6R so that a company’s annual financial report addresses both the going concern basis of reporting and the new Code Provision requiring an assessment of the longer term viability of the company.
  • Updating the headline codes to be used by FCA-approved primary information providers when disseminating regulated information.
  • Deleting the electronic settlement eligibility requirements for premium-listed equities in light of provisions in the EU’s Central Securities Depositaries Regulations which require relevant securities that are the subject of transactions on a trading venue to be recorded in book-entry form.

Responses to the proposals must be received by the FCA by 5 August 2015.

A copy of the paper can be viewed on the FCA website. (PDF)