'Director know how' is a monthly article which highlights key rule changes, proposed changes and market updates so that you know what is coming down the track.
HM Treasury publishes consultation on the inclusion of growth market shares in ISAs
HM Treasury is seeking input from market participants on the inclusion of growth market shares, such as AIM and ISDX, in ISAs. The consultation does not focus on whether or not HM Treasury should do this, but instead how they will implement the change. The key issue is the definition of 'growth market shares' – in order to avoid breaking EU state aid rules, the definition must include shares on SME equity markets from across the European Economic Area (EEA). We encourage our members to respond to this consultation – the closing date is 8 May 2013 and the consultation is available on HM Treasury's website.
LSE publishes final rulebook for High Growth Segment
Following its consultation last month, the London Stock Exchange has published its final rulebook for its new High Growth Segment of the Main Market, which aims to create a new market segment on the Main List for fast growing companies that want a stepping stone to the premium listing option. The final version remains largely as set out in the consultation version. The LSE confirms that companies, and potential Key Advisers on their behalf, may apply for admission for trading on the High Growth Segment from 27 March 2013.
BIS FAQs on the new voting regime for directors' remuneration
The Department for Business, Innovation and Skills has published FAQs on the new remuneration regulations, which will affect listed companies from 1 October 2013. They focus specifically on the binding votes for directors' remuneration.