On 29 September 2023, the PRA issued a statement setting out its conclusions following an evaluation of the Written Auditor reporting policy, to assess how it is delivering against its original objectives. The statement also sets out how the PRA will continue to refine its approach to the policy to make it a more efficient
On 13 September 2023, the European Commission published an initiative setting out a draft Delegated Directive that will amend the thresholds in the Accounting Directive for determining the size category of a company to account for the impact of inflation. Since 2013, the size thresholds have remained unchanged. An increase will result in micro, small
On 8 February 2023, the FCA published a speech by its Chief Operating Officer (COO) and Executive Director of Authorisations, Emily Sheppard on “How to organise a COO”. In her speech, Ms Sheppard shares some of her experience as an industry COO.
An open culture
Firstly, Ms Sheppard highlights the need for COOs
To all of our global readers we would like to take this opportunity to wish you all a Merry Christmas and a Happy New Year.
We will resume posting material following the festive period on 9 January 2023 although if there are any significant developments we will endeavour to provide an update.
On 29 November 2022, the FCA published a speech by Emily Shepperd, Chief Operating Officer and Executive Director of Authorisations, titled ‘From zeros to heroes: how culture in financial services can change for everyone’s benefit’. The speech was given at City and Financial Global’s 8th annual culture and conduct forum for the financial services
Institutional investors collaborate with each other when communicating with investee companies’ management regarding, for example, ESG matters. Such shareholder collaboration leads to challenges in multiple legal areas. Minimising such legal risk is key.
NRF’s Shareholder Collaboration Tool allows Institutional investors to confidently collaborate, while reducing the burden on legal teams to manage the associated risks.
On 18 October 2022, the FCA announced that Mark Steward will be stepping down as the FCA’s executive director of enforcement and market oversight after seven years with the regulator.
On 30 September 2022, the Joint Committee of the European Supervisory Authorities published its work programme for 2023.
On 22 September 2022, the following decisions amending Annex IX (Financial services) to the EEA Agreement were published in the Official Journal of the EU: