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
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 ...

15 January 2021
International Capital Markets annual deal review 2020
www.twobirds.com/en/news/articles/2021/global/international-capital-markets-annual-deal-review-2020

The International Equity Capital Markets team at Bird & Bird has continued their strong performance throughout 2020 with an excellent roster of completed transactions. It's pleasing to see ECM transactions across the ...

11 March 2020
COVID-19 and Public Offerings
www.twobirds.com/en/news/articles/2020/global/covid-19-and-public-offerings

The rapid spread of the COVID-19 virus has led to significant recent falls in share prices on international stock exchanges. The continued spread of the virus has the potential to cause significant disruption to ...

10 August 2020
Bird & Bird LLP's Equity Capital Markets team successfully close numerous deals in Q2 2020
www.twobirds.com/en/news/press-releases/2020/global/bird-and-bird-llps-equity-capital-markets-team-successfully-close-numerous-deals-in-q2-2020

Our Equity Capital Markets Team has completed a number of deals this Quarter, across a wide variety of sectors.

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 ...

18 May 2020
UK Listing Options: Aquis Stock Exchange (AQSE)
www.twobirds.com/en/news/articles/2020/uk/uk-listing-options-aquis-stock-exchange-aqse

In March of this year, the FCA approved Aquis Exchange's acquisition of the NEX Exchange from CME Group in a deal reportedly worth £2.7million. As part of the acquisition, the NEX Exchange has been re-named the Aquis ...