Regulatory AlertsPS13/11: Changes to the Listing Rules
The FCA issued Policy Statement PS13/11 to amend the Listing Rules in response to the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations. These changes aim to reduce administrative burdens for UK premium listed companies by allowing them to comply with a single set of requirements for most remuneration-related disclosures. The new rules apply to financial years ending on or after 30 September 2013, with a transition period allowing companies already preparing reports under both regimes to continue doing so.
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