Wednesday, 12 June 2013

UK: Enterprise and Regulatory Reform Act 2013 - guide published

The Enterprise and Regulatory Reform Act 2013 received Royal Assent earlier this year: see here. A copy of the Act is available here or here (pdf). Yesterday the Government published a short guide to the Act: see here (pdf). The Act contains, amongst other things, some of the provisions necessary to introduce the new regime for shareholder approval of quoted company directors' remuneration. These are briefly explained in chapter 13 of the new guide. More detailed information is available in the explanatory memorandum accompanying the Act: see here.

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