ARTICLE
9 November 2016

FCA Quarterly Consultation No. 13

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The FCA proposes the introduction of a new DTR (7.2.8AR) which sets out the new corporate governance statement requirement for issuers to disclose their diversity policy in the corporate governance statement.
United States Corporate/Commercial Law

On 4 July 2016, the FCA published its quarterly consultation paper. Amongst other things, the FCA proposes the introduction of a new DTR (7.2.8AR) which sets out the new corporate governance statement requirement for issuers to disclose their diversity policy in the corporate governance statement. Small and medium-sized issuers would be exempt; as would listed companies that are obliged to comply with DTR 7.2 as if they were an issuer to which DTR 7.2 applies.

The consultation period closed on 1 September 2016 and the consultation paper can be accessed here:

https://www.fca.org.uk/publication/consultation/cp16-17.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.

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