Over the last two and a half months UK regulators and industry bodies have announced a raft of temporary measures and guidance to assist UK listed companies in meeting their financial reporting obligations, holding annual general meetings, complying with the continuous disclosure regime under the EU Market Abuse Regulation (MAR) and raising equity capital.

Yesterday, the Financial Conduct Authority (FCA) published its latest guidance:

  • Primary Market Bulletin No. 28 including a statement on temporary relief for half year financial reports and commentary on going concern statements and shareholder engagement; and
  • Market Watch No. 63 providing commentary on market conduct and discipline issues – including as they relate to disclosure of inside information, market soundings, short selling and conflicts of interest – in the context of the coronavirus (COVID-19) pandemic.

If you have any questions regarding the matters covered in this publication, please reach out to any of the lawyers listed below or your usual Davis Polk contact.

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