National Storage Mechanism (NSM) meaning

In this issue: Economic Crime and Corporate Transparency Act 2023 Equity capital markets Private M&A (share purchase) Corporate governance—EU Members Company restoration Daily and weekly news alerts Dates for your diary Trackers Useful information New Q&As Economic Crime and Corporate Transparency Act 2023 Companies and Limited Liability Partnerships (Protection and Disclosure of Information and Consequential Amendments) Regulations 2024 SI 2024/1377: These Regulations update LLP company law to reflect recent changes under the Economic Crime and Corporate Transparency Act 2023 and expand the scenarios in which a person’s residential address can be withheld from the company register, covering former registered office addresses, while maintaining corporate openness and aligning LLP provisions. They commence on 27 January 2025. See: LNB News 07/11/2024 27. Equity capital markets The Financial Conduct Authority has released Policy Statement PS24/19: Enhancing the National Storage Mechanism, setting out the feedback to Consultation Paper CP24/17, its longer-term vision for the NSM, and...

In this issue: Sustainable finance Debt capital markets Technology in banking & finance transactions Sanctions Daily and weekly news alerts New and updated content Useful information Sustainable finance What EU opinion may mean for ESG product classification In June 2024, the European Supervisory Authorities (ESAs) set out their views and recommendations following the European Commission’s review of the Sustainable Finance Disclosures Regulation (SFDR), first trailed in September 2023. The ESAs’ granular suggestions may materially steer the Commission’s ultimate position on the SFDR review as the process advances. For further detail, see News Analysis: What EU opinion may mean for ESG product classification, authored by Jin-Hyuk Jang and John Young, international counsel, together with Eike Björn Weidner, associate, at Debevoise & Plimpton LLP, who distil and evaluate the key recommendations. European Commission publishes FAQs to support the implementation of the CSRD The European Commission has issued a suite of Frequently Asked Questions (FAQs) designed to...

Rules and guidance The principal rules on publishing and laying a company’s annual accounts and reports appear in Part 15 of the Companies Act 2006 (CA 2006). For these purposes, a company’s annual accounts and reports comprise: the annual accounts the directors' report the strategic report (unless the company is not obliged to prepare one) the directors' remuneration report, which may include a directors’ remuneration policy, and any separate corporate governance statement not included in the directors' report (for a quoted company) the auditor’s report on the accounts, the directors’ report, the strategic report, the auditable part of any directors’ remuneration report and any separate corporate governance statement (unless the company qualifies for audit exemption) Certain statutory requirements governing publication and laying differ according to whether the company is public or private, and whether it is quoted or unquoted. Quoted companies cover UK companies with shares listed in the UK or in another EEA state; AIM companies do...

Tracker overview This Disclosure Guidance and Transparency Rules (DTR) tracker offers a synopsis of recent and proposed amendments to the provisions in the Disclosure Guidance and Transparency Rules Sourcebook, alongside connected legislative and regulatory developments, guidance and updates. It also includes links to consultation papers, policy statements, practical guidance and notices issued by the Financial Conduct Authority (FCA) (and previously by the Financial Services Authority (FSA)). Within this tracker, PRM denotes the Prospectus Rules: Admission to Trading on a Regulated Market sourcebook, NSM denotes the National Storage Mechanism, and PIP denotes Primary Information Provider. Developments in 2026 27/03/2026 — FCA: Prospectus Rules (Miscellaneous Amendments) Instrument 2026 (FCA 2026/9); Handbook Notice 139, March 2026; Quarterly Consultation CP25/35 No 50, December 2025. Following Quarterly Consultation CP25/35, this instrument (FCA 2026/9) introduced minor amendments to DTR 8 Annex 2R to create a new NSM headline code and headline category linked to admissions to trading. 19/01/2026 — FCA: Prospectus (Consequential Amendments) Instrument 2025 (FCA 2025/31); Handbook Notice 132;...