We are making changes to the Listing Rules resulting from the BIS Directors’ Remuneration Reporting Regulations and the Narrative Reporting Regulations.
These Listing Rule changes have been made in response to the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations. They are intended to reduce unnecessary administrative burdens for a premium listed company incorporated in the UK.
We consider that only having to comply with one set of requirements in relation to most remuneration related disclosures should ensure a simpler and more effective regime for firms.
This policy statement will interest:
From 13 December 2013 UK incorporated premium listed companies will only need to comply with the new BIS Directors’ Remuneration Reporting Regulations for most remuneration-related disclosures.
The changes will apply to listed companies with a financial year ending on or after 30 September 2013 that have not published their annual financial report on or before 13 December 2013. Companies already preparing their annual financial report in compliance with the existing Listing Rules and the new BIS Directors’ Remuneration Reporting Regulations can continue to publish that report after 13 December 2013 in compliance with both sets of requirements, if they choose to do so.
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