Premium Listing: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
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.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 4: | Line 4: | ||
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. | 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. | A Premium Listing means the company is expected to meet the UK’s highest standards of regulation and corporate governance. | ||
| Line 16: | Line 17: | ||
: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.'' | ||
| Line 34: | Line 35: | ||
* [[Standard Listing]] | * [[Standard Listing]] | ||
* [[Task Force on Climate-related Financial Disclosures]] | * [[Task Force on Climate-related Financial Disclosures]] | ||
* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK | |||
* [[Transparency]] | * [[Transparency]] | ||
* [[UK Corporate Governance Code]] | * [[UK Corporate Governance Code]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 21:42, 23 December 2022
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.
See also
- Cost of capital
- Equity
- Financial Conduct Authority
- Investor relations
- Listing
- Listing particulars
- Listing Rules
- London Stock Exchange
- Main Market
- Premium
- Standard Listing
- Task Force on Climate-related Financial Disclosures
- The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 - UK
- Transparency
- UK Corporate Governance Code
