The FCA has published Policy Statement 13/11: consequential changes to the Listing Rules resulting from the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations (PS13/11).
In PS13/11, the FCA is making changes to the Listing Rules in response to the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations (together the Regulations). The purpose of the changes is to reduce unnecessary administrative burdens for a premium listed company incorporated in the UK.
From 13 December 2013, UK incorporated premium listed companies only need to comply with the Regulations for most remuneration-related disclosures.
The changes will apply to listed companies with a financial year ending on or after 30 September 2013 that have not published their annual financial report on or before 13 December 2013. Companies preparing their annual financial report in compliance with the existing Listing Rules and the Regulations can continue to publish that report after 13 December 2013 in compliance with both sets of requirements, if they choose to do so.
View PS13/11: changes to the Listing Rules, 13 December 2013