Primary information provider meaning

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In this issue: Equity capital markets Corporate governance Environmental, social and governance issues Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equity capital markets FCA publishes Primary Market Bulletin 52 The Financial Conduct Authority (FCA) has released Primary Market Bulletin 52. It addresses how issuers determine and disclose inside information under the UK Market Abuse Regulation (MAR), the way issuers share information during shareholder meetings and calls, and the release of regulatory announcements when Primary Information Provider services are disrupted. See: LNB News 15/11/2024 45... HMT publishes consultation response and draft legislation for PISCES HM Treasury has issued its reply to the consultation on the Private Intermittent Securities and Capital Exchange System (PISCES), a proposed venue for trading private company shares within the government’s plan to revitalise UK capital markets, together with draft legislation creating the PISCES sandbox and a policy note offering commentary to...

This Practice Note outlines: the various forms of share security the principal enforcement options available to security holders practical factors for security holders when choosing appropriate enforcement mechanics further considerations for security holders depending on the context Forms of share security There are three primary categories of security that can be created over shares: (a) a charge, (b) a legal mortgage and (c) an equitable mortgage, each considered below. Historically, a pledge over shares was also possible. A pledge involves delivering possession of an asset as security for the repayment of a monetary debt. This was feasible where bearer shares existed. However, from 26 May 2015, under section 779 of the Companies Act 2006, companies have been prohibited from issuing bearer shares. Holders of bearer shares were granted until 26 February 2016 to surrender them and convert into registered shares (for further information, see News Analysis: Bearer shares—how to avoid a grizzly ending). Charge A charge arises from...

This Practice Note examines the regulatory information services regime through which an issuer (whose transferable securities are admitted to trading on a UK regulated market) must make regulated information public. It focuses on the functions of the regulatory information service (RIS) and primary information provider (PIP), and outlines the principal continuing obligations, together with the approval process and supervisory framework for a PIP. What is regulated information? Regulated information covers all information that an issuer, or any other person who has sought admission of financial instruments to trading on a regulated market without the issuer’s agreement, is required to disclose under: the Disclosure Guidance and Transparency Rules (DTR); articles 17 to 19 of Assimilated Regulation (EU) 596/2014 (UK Market Abuse Regulation); the UK Listing Rules (UKLR). This includes inside information, financial results and disclosures of trading in shares. Such information must be released in a manner that enables dissemination to the widest possible public, and as close to simultaneously as...

Before 6 April 2006, personal pension schemes had to offer retirement benefits on a money purchase basis to gain HMRC approval. Although that rule no longer applies, its legacy—together with the original, narrow list of authorised providers—has influenced the investment structures and strategies that are typically available in the personal pensions market... Investment strategy Unlike trustees of occupational pension schemes, contract-based pension providers are not obliged to prepare a statement of investment principles (SIP). Their main public-facing document is the Independent Governance Committee (IGC) annual report. IGCs must act in the interests of policyholders. While their primary role is to assess value for money, the report goes beyond that: it sets out how the IGC has considered policyholders’ interests more broadly. It must also detail the arrangements the pension provider has established to ensure that policyholders’ views are directly conveyed to the IGC. For further information, see Practice Note: Independent governance committees (IGCs) and pensions...

When choosing an electronic verification provider, you should be able to show sufficient understanding of the provider’s (i) system inputs; (ii) the data sources the system uses to confirm identity; (iii) the system’s outputs and what they signify; and (iv) how the system aligns with the relevant provisions of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, as amended. Completing this questionnaire will help you reach a risk‑based judgement on whether, at its stated level of assurance, the provider’s systems deliver an appropriate degree of reliability and independence given the potential risks. 1 General Company name [ Insert company name ] Registered address [ Insert address ] Main country of operation [ Insert country ] Additional countries of operation [ Insert country ] Primary contact (name, role and contact information) [ Insert primary contact ] What are the operating hours? [ Insert details ] How is pricing structured? [...

UK Real Property Address Type — primary residence? House or flat? Ownership particulars: owned or rented? If owned, specify: joint tenants, tenants in common, or sole owner? Registered or unregistered? If registered, Land Registry number? If unregistered, where are the deeds kept? Value (£) Mortgage balance (£) and provider (if applicable) Property in other countries Country Address Ownership particulars: owned or rented? If owned, specify: ownership structure details Registered or unregistered? ...