23 December 2019
Shareholders' Rights Directive II – implications for Listed Companies
www.twobirds.com/en/news/articles/2019/global/shareholders'-rights-directive-ii-implications-for-listed-companies

The revised Shareholders' Rights Directive (EU) 2017/828 ("SRD II") was implemented on 10th June 2019. The key areas of note for listed companies concern the Directors' Remuneration Reporting Regime and Related Party ...

23 December 2019
New ESMA Guidelines on Risk Factors in Prospectuses come into force
www.twobirds.com/en/news/articles/2019/global/new-esma-guidelines-on-risk-factors-in-prospectuses-come-into-force

The Guidelines on Risk Factors under the new Prospectus Regulation that were published by the European Securities and Markets Authority (ESMA) earlier this year have now come into force on 4 December 2019. The ...

23 December 2019
Bird & Bird's Winter PLC Update
www.twobirds.com/en/news/articles/2019/global/bird-and-birds-winter-plc-update

We are pleased to issue the latest edition of Bird & Bird's PLC Update, a periodical publication containing recent developments in the Equity Capital Markets arena.

23 December 2019
QCA Publish Updated Audit Committee Guide
www.twobirds.com/en/news/articles/2019/global/qca-publish-updated-audit-committee-guide

On 12 September 2019, the Quoted Companies Alliance (the "QCA") released an updated version of their Audit Committee Guide (the "Guide"), which is the first one since the 2014 release. The Guide is produced to help ...

27 September 2018
Increase in total size of public offers exempt from requirement to publish prospectus
www.twobirds.com/en/news/articles/2018/uk/increase-in-total-size-of-public-offers-exempt-from-requirement-to-publish-prospectus

The new Prospectus Regulation (the “Prospectus Regulation”) came into force on 20 July 2017 and its provisions will govern the preparation of all prospectus prepared on or after 21 July 2019. Whilst most of its ...

27 September 2018
AFME and Euro IRP issue guidance on new FCA rules requiring issuer access for unconnected analysts
www.twobirds.com/en/news/articles/2018/uk/afme-and-euro-irp-issue-guidance-on-new-fca-rules-requiring-issuer-access-for-unconnected-analysts

Following the proposals made in its policy paper PS 17/23, the Financial Conduct Authority's ("FCA") rules concerning research by unconnected analysts in relation to an Initial Public Offering ("IPO") on a regulated ...

27 September 2018
The UK Corporate Governance Code 2018
www.twobirds.com/en/news/articles/2018/uk/the-uk-corporate-governance-code-2018

Following on from the Financial Reporting Council's ("FRC") consultation on its proposed changes to the UK Corporate Governance Code in February this year (the "Consultation"), the FRC published its final version of the ...

06 March 2020
Further guidance to Hong Kong listed companies in light of the outbreak of COVID-19
www.twobirds.com/en/news/articles/2020/hong-kong/further-guidance-to-hong-kong-listed-companies-in-light-of-the-outbreak-of-covid-19

Further to our last article in which we discussed that the Stock Exchange of Hong Kong Limited (“SEHK”) and the Securities and Futures Commission (“SFC”) issued the Joint Statement in Relation to Results Announcements ...

25 February 2020
Advice for Hong Kong listed companies, or those in the IPO process, in light of COVID-19
www.twobirds.com/en/news/articles/2020/hong-kong/advice-for-hong-kong-listed-companies-or-those-in-the-ipo-process-in-light-of-covid-19

A summary of some recently asked questions in light of COVID-19 for Hong Kong listed companies or those in the IPO process.

27 March 2020
Financial Reporting and other rules for UK listed companies eased in light of Coronavirus disruption
www.twobirds.com/en/news/articles/2020/uk/financial-reporting-and-other-rules-for-uk-listed-companies-eased-in-light-of-coronavirus-disruption

Given the unprecedented disruption created by the coronavirus (COVID-19) pandemic that is currently creating market volatility around the globe, certain measures have been announced today in order to ease the financial ...