Policy statement PS14/15 was published by the FCA on 7 November 2014 by way of response to its previous consultation. The consultation canvassed comments on the proposal to remove DTR 4.3, i.e. the requirement to publish interim management statements ("IMS"). The requirement to publish an IMS was removed at an EU level in the November 2013 amendments to the Transparency Directive, and member states were given two years in which to implement this change.
The proposal has been adopted, and the relevant amendments became effective as of 7 November 2014.
The policy statement is available at:
http://www.fca.org.uk/static/documents/policy-statements/ps14-15.pdf.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
