![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgp8NR9O5ieTOvCQSQPkH4E_xI5y8HSaGkYnYdluYuggVi3auDsT43EOlg58oALZpkayT2Dn1-QQ2QBMPoMAw1Kg7lAh9uRwL6DvWXaVeSZnOje4ogfBtd7t-Uhrrwd3fnA4vhTTbjn8gzC/s1600/germany-lgflag.gif)
Friday 29 May 2015
Germany: new corporate governance code - copy in English now available
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgp8NR9O5ieTOvCQSQPkH4E_xI5y8HSaGkYnYdluYuggVi3auDsT43EOlg58oALZpkayT2Dn1-QQ2QBMPoMAw1Kg7lAh9uRwL6DvWXaVeSZnOje4ogfBtd7t-Uhrrwd3fnA4vhTTbjn8gzC/s1600/germany-lgflag.gif)
UK: FRC publishes audit quality assessment practice aid for audit committees
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
UK: FRC publishes annual audit inspection report
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
audit,
audit committee,
auditing standards,
auditors,
frc,
uk
Thursday 28 May 2015
IASB consults on revised conceptual framework for financial reporting
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7-lpvi0xjujA45py_e9fjI8iOEuqVTfm4k1aLHHNnqUDntlIr9HrwEHvFrPyqMm6j9Zj2hNXiN5tVY2QNTLz4qnxIX06blnDxF42EmQdYq3TLSjEwXE8u7bmUFo-6KIAyMWkIKSTi1Ya0/s1600/Screen+shot+2015-05-28+at+13.29.19.png)
If the proposed amendments are accepted, the revised conceptual framework will, amongst other things, give greater prominence, within its discussion of the objective of financial reporting, to the importance of providing information needed to assess management's stewardship. Another proposed amendment provides additional text as part of the explanation of 'faithful representation', one of the fundamental qualitative characteristics. This new text provides that a faithful representation is one that provides information about the substance of an economic phenomenon instead of merely providing information about its legal form. Changes to the definitions of assets and liabilities are also proposed.
Labels:
conceptual framework,
financial reporting,
iasb,
ifrs
Wednesday 27 May 2015
UK: The Queen's Speech - Bank of England Bill proposed
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
UK: PRA policy statement - the implementation of ring fencing - legal structure, governance and continuity of services
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
pra,
prudential regulation authority,
ring fence,
uk
Tuesday 26 May 2015
UK: The Small Business, Enterprise and Employment Act 2015 (Commencement No. 1) Regulations 2015
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
UK: England and Wales: substantial property transactions and shareholder approval
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
The trial judge, Mrs Justice Andrews, held that the arrangements were not voidable under section 320, observing that "[it] seems to me ... that s.320(1)(a) was not intended by Parliament to apply to the rights or interests of the director himself, whatever they may be, when the non-cash asset is held in trust for him by someone other than the company itself, save possibly where the trust arrangement is a "bare trust" or the so-called trustee is really a nominee" (para. [47]).
Monday 25 May 2015
UK: England and Wales: limited partnerships - certificates of registration - fraud and forgery
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
england and wales,
fraud,
limited partnership,
partnership,
uk
Friday 22 May 2015
UK: PRA consultation - 'corporate governance: board responsibilities'
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Gibraltar: Supreme Court considers directors' duties
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm8HNPMphD2F6U9lflMbW_hIIjL3conxqZVkwCgG09aXHOLX28VnuQGuXdpSEC2LlN_vHWfCNu4h5RwJaRAL4FjNcoOH_hTEwzp6oOEeYffjps-N6AfWXsYszvjdeYeprCQxVe6NJ7oF2A/s1600/gibraltar-lgflag.gif)
UK: FRC review of the implementation and operation of the audit firm governance code
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Thursday 21 May 2015
UK: England and Wales: directors' duties and resignation
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
companies act 2006,
directors' duties,
england and wales,
uk
UK: England and Wales: challenging alterations to the articles of association
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Wednesday 20 May 2015
UK: England and Wales: FCA notices - identification and third party rights
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
The Upper Tribunal held that Mr Macris had been identified and was therefore entitled to the rights set out in section 393: see [2014] UKUT B7 (TCC). The Court of Appeal agreed that Mr Macris had been identified, in what is now the leading judgment on section 393.
Tuesday 19 May 2015
Canada: securities administrators publish guidance for proxy advisory firms
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi48M0UquIBxbiRQ3HUd9_j5hKmM7Tjcuwv42QXQAg91TiY0mHaR8fC9hmwKwKs1TQkhweyFusY-Pka87l4M9apVDX7Wzh88zDv5GwrWaVdgZxhhlsJuL7UNoLTFH4KSXH0pX2ty9lxdn2v/s1600/canada.gif)
Monday 18 May 2015
Guernsey: consultation - transparency of beneficial ownership of companies
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPLQPBwkYsybjWtbx8eHokPDVODi-L3ejONaqd6rNfXUmSl-mvGol2SSRtchcfKLlYDnd469L57w12NctL_Jt5tyV-SBJwZG3GEKkLdB7A838tA90QjUgZFIzC1xfXzWWABWrPbiY5pOkb/s1600/gk-lgflag.gif)
Friday 15 May 2015
UK: High Pay Centre calls for reforms to performance related pay
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
bonus,
director,
executive pay,
remuneration,
remuneration committee,
uk
Germany: new edition of corporate governance code published
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgp8NR9O5ieTOvCQSQPkH4E_xI5y8HSaGkYnYdluYuggVi3auDsT43EOlg58oALZpkayT2Dn1-QQ2QBMPoMAw1Kg7lAh9uRwL6DvWXaVeSZnOje4ogfBtd7t-Uhrrwd3fnA4vhTTbjn8gzC/s1600/germany-lgflag.gif)
Thursday 14 May 2015
Guernsey: The Companies (Guernsey) Law, 2008 - update on transitional provisions
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPLQPBwkYsybjWtbx8eHokPDVODi-L3ejONaqd6rNfXUmSl-mvGol2SSRtchcfKLlYDnd469L57w12NctL_Jt5tyV-SBJwZG3GEKkLdB7A838tA90QjUgZFIzC1xfXzWWABWrPbiY5pOkb/s1600/gk-lgflag.gif)
Wednesday 13 May 2015
Europe: Bank of England responds to capital markets union green paper
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWSwkmjRXid1rwb1PeacMaYtDekXr0d2C_x5G69N9lGOaBts9fpBY8MBIxfOdMT8ioQUj3X4-CyT4BhuDTjr8MgEwv8gu_haOQ9E3s-KWRBxVQnOnHxvPXS4Bc7aVFVxvBvjCxBNC6i2V9/s1600/europeflg.gif)
Tuesday 12 May 2015
Gibraltar: Private Trust Companies Bill 2015
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm8HNPMphD2F6U9lflMbW_hIIjL3conxqZVkwCgG09aXHOLX28VnuQGuXdpSEC2LlN_vHWfCNu4h5RwJaRAL4FjNcoOH_hTEwzp6oOEeYffjps-N6AfWXsYszvjdeYeprCQxVe6NJ7oF2A/s1600/gibraltar-lgflag.gif)
Monday 11 May 2015
UK: Takeover Panel consultation - dividends paid by an offeree company
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
Labels:
dividends,
takeover,
takeover code,
takeover panel,
uk
Friday 8 May 2015
Ireland: Central Bank consults on governance requirements for investment firms
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggtLfYZVSsllbW1QUFWHhTmuO_rtYv5OLvcCYBShGx-UvQxDbqByhYKunT4FDTEXlJXcmE2DUnd4x6cDdJSbBZCxlq2i5CSs7hjXESag_mqJMXDDWL4kfdefksc4JXp1pxsRuZmvuCVTsj/s1600/ireland-lgflag.gif)
Labels:
aifm directive,
aifmd,
central bank of ireland,
code,
investment firm,
ireland
Thursday 7 May 2015
Ireland: Companies Act 2014 implementation - commencement Order made
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggtLfYZVSsllbW1QUFWHhTmuO_rtYv5OLvcCYBShGx-UvQxDbqByhYKunT4FDTEXlJXcmE2DUnd4x6cDdJSbBZCxlq2i5CSs7hjXESag_mqJMXDDWL4kfdefksc4JXp1pxsRuZmvuCVTsj/s1600/ireland-lgflag.gif)
Wednesday 6 May 2015
USA: SEC publishes disclosure rules on the relationship between executive pay and company financial performance
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzalNERbjZLNth7etLNtwqfbsMUBuU5Sw4SUvmB3zJRIVg_LwqLw21S9l9pL5D-X9raFW4avIsQjVengzHgW1dw6prL3Pvgp6vbwHcR6y-UI3JYyRR1KGx8eAOTD-M_HC9pAiczAm_G4j5/s1600/us-lgflag.gif)
Labels:
disclosure,
dodd-frank act,
executive pay,
sec
Tuesday 5 May 2015
Europe: Joint Committee finds that financial system risks have intensified
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWSwkmjRXid1rwb1PeacMaYtDekXr0d2C_x5G69N9lGOaBts9fpBY8MBIxfOdMT8ioQUj3X4-CyT4BhuDTjr8MgEwv8gu_haOQ9E3s-KWRBxVQnOnHxvPXS4Bc7aVFVxvBvjCxBNC6i2V9/s1600/europeflg.gif)
Monday 4 May 2015
Isle of Man: locus standi to present a winding-up application
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpnAS4i3fxI_Fx4Mzf4zOPD5hEo9jQg2y0KDPFRDaoRCsaQ-wN0i7zIxf0wI4EVNRiWC9uMx1pdPFTcgnNco0Wg6XGJuJyMoS8gH-mAB_8Rtk8bK3jsV8hS4w3Iw8TjVlsDNaldQtYGnH4/s1600/isleofman.gif)
Friday 1 May 2015
UK: FCA publishes policy development update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY/s610/uk-lgflag.gif)
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