CP13/7: Changes to the Listing Rules resulting from new regulations being implemented by BIS

This paper sets out our proposed changes to the Listing Rules in response to new Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations.

Why are we issuing this consultation paper (CP)?

On 1 October 2013, the Department for Business, Innovation and Skills (BIS) will implement new Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations. During its consultation process, BIS highlighted crossover issues between Chapter 9 of our Listing Rules and the new regulations.

In response to this, we have revisited our existing Listing Rule requirements to assess whether it would be appropriate for us to make any changes to current Chapter 9 requirements and ensure the Listing Regime does not impose unnecessary requirements on issuers within scope of the new regulations.

Who is this CP aimed at?

This paper will interest:

• UK and overseas premium listed issuers or issuers considering a premium listing of their securities
• firms and sponsors advising issuers of premium listed securities
• firms or persons investing in or dealing in premium listed securities

Consultation paper 13/7[1]

What are the next steps?

• Online response form[2]

We want to know what you think of our proposals. Please send us your comments by 9 October 2013 using the online response form or email: [email protected].

We will publish our feedback later in the year.

Want to find out more?

For more information:

• FCA Handbook - Listing Rules[3]
• Schedule 8 of The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (draft version)[4]  
• The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 (draft version)[5].