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As a result of the introduction of the UKLR sourcebook in July 2024, both the London Stock Exchange (LSE) and FTSE Russell made consequential changes to their guidelines. In July 2024, the LSE confirmed changes to its Admission and Disclosure Standards to reflect the collapse of the previous premium and standard listing sections into the brand-new business company category.
Taking advantage of Sustainability: The Increase of Green Financing, chaired by Charlie Geffen. The goal of the taskforce was to think about the possible advantages of the UK moving to a T +1 securities settlement cycle and describe how this change could be carried out.
, chaired by Sir Douglas Flint.
In July 2023, the taskforce published an Interim Report (read our summary here) that made a number of suggestions, consisting of: legislation ought to be advanced, and business articles of association altered, as quickly as practicable to stop the issuance of brand-new paper share certificates; the government needs to advance legislation to need dematerialisation of all share certificates at a future date; the government ought to consult with issuer and financier representatives on the preferred personality of "residual" paper share interests and whether a time limitation should be enforced for the identification of untraced Ultimate Beneficial Owners (UBOs); andintermediaries ought to have an obligation, as a condition of participation in the cleaning and settlement system, to put in location typical innovation that allows them to react to UBO demands from providers within an extremely brief time frame.
Strategic Vision: The Secret to Opening 2026 Market ShareDigitisation would target listed business with a view to minimizing costs and waste, and streamlining investor communication. The report proposes additional procedures to make sure that UBOs within the intermediated securities chain would have the ability to work out investor rights that are presently just ensured for signed up shareholders, in addition to measures to improve interaction between business and UBOs.
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