Premium Listing: Difference between revisions
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imported>Doug Williamson (Add quote. Source: ACT ESG blog 19 Feb 2021 https://www.treasurers.org/hub/blog/ESG/Update-February-2021) |
imported>Doug Williamson (Layout.) |
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:The new Rule (LR 9.8.6(8)) does this by requiring disclosures in annual reports consistent with the recommendations and recommended disclosures of the Task Force on Climate-related Disclosures (TCFD). | :The new Rule (LR 9.8.6(8)) does this by requiring disclosures in annual reports consistent with the recommendations and recommended disclosures of the Task Force on Climate-related Disclosures (TCFD). | ||
:The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule | :The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule published in the spring of 2022." | ||
:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.'' | :''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.'' |
Revision as of 11:21, 11 March 2021
London Stock Exchange.
A Premium Listing on the London Stock Exchange is only available to equity shares issued by trading companies and closed and open-ended investment entities.
Issuers with a Premium Listing are required to meet the UK’s super-equivalent rules, which are higher than the EU minimum requirements for a Standard Listing.
A Premium Listing means the company is expected to meet the UK’s highest standards of regulation and corporate governance.
As a consequence the company may enjoy a lower cost of capital, through greater transparency and through building investor confidence.
- Climate risk disclosures
- "The Financial Conduct Authority (FCA) implemented a new Listing Rule applicable to premium listed commercial companies designed to help users understand how they are managing climate-related risks.
- The new Rule (LR 9.8.6(8)) does this by requiring disclosures in annual reports consistent with the recommendations and recommended disclosures of the Task Force on Climate-related Disclosures (TCFD).
- The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule published in the spring of 2022."
- ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.