Scaling IT Systems for British Firms

As an outcome of the introduction of the UKLR sourcebook in July 2024, both the London Stock Market (LSE) and FTSE Russell made consequential changes to their guidelines. In July 2024, the LSE validated amendments to its Admission and Disclosure Standards to show the collapse of the previous premium and basic listing sections into the brand-new industrial business classification.

, chaired by Charlie Geffen. The goal of the taskforce was to consider the potential benefits of the UK moving to a T +1 securities settlement cycle and describe how this change could be carried out.

, chaired by Sir Douglas Flint.

Essential Corporate Management Tactics for 2026

In July 2023, the taskforce released an Interim Report (read our summary here) which made a number of recommendations, consisting of: legislation ought to be advanced, and company articles of association altered, as quickly as practicable to stop the issuance of brand-new paper share certificates; the government ought to bring forward legislation to need dematerialisation of all share certificates at a future date; the federal government ought to seek advice from company and investor representatives on the favored disposition of "recurring" paper share interests and whether a time limit need to be imposed for the recognition of untraced Ultimate Beneficial Owners (UBOs); andintermediaries must have a responsibility, as a condition of involvement in the clearing and settlement system, to put in place typical technology that allows them to react to UBO requests from companies within a really short time frame.

ANSR July UK PRs

Digitisation would target listed companies with a view to lowering expenses and waste, and streamlining investor communication. The report proposes extra measures to make sure that UBOs within the intermediated securities chain would have the ability to exercise investor rights that are presently only ensured for signed up investors, along with measures to boost interaction in between companies and UBOs.