Coronavirus crisis and Premium Listing: Difference between pages

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imported>Doug Williamson
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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)
 
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''Business continuity - pandemic.''
''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.


The effects of the Coronavirus disease on all aspects of human society including the financial and business community.
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.


The World Health Organisation declared Coronavirus disease a pandemic on 11 March 2020.
As a consequence the company may enjoy a lower cost of capital, through greater transparency and through building investor confidence.




:<span style="color:#4B0082">'''''Climate risk disclosures'''''</span>


==See also==
:"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.
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Disaster recovery planning]]
*[[Epidemic]]
*[[Financial stability]]
*[[Liquidity management]]
*[[Lockdown]]
*[[Pandemic]]
*[[SARS-CoV-2]]
*[[WFH]]


: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).


==Resources for COVID-19==
:The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule will be published in the spring of 2022. "
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]


[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.''


[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]


[[Category:The_business_context]]
== See also ==
[[Category:Corporate_financial_management]]
* [[Cost of capital]]
[[Category:Manage_risks]]
* [[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]]
* [[Transparency]]
* [[UK Corporate Governance Code]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 10:57, 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 will be published in the spring of 2022. "
ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.


See also