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2013 Autumn Statement: corporate implications
Practical Law UK Legal Update 8-551-1266 (Approx. 3 pages)
2013 Autumn Statement: corporate implications
by Practical Law Corporate
| Published on 05 Dec 2013 • United Kingdom |
On 5 December 2013, the Chancellor of the Exchequer, George Osborne, delivered his Autumn Statement. This update summarises key corporate announcements.
On 5 December 2013, the Chancellor, George Osborne, delivered his Autumn Statement. Key announcements of interest to corporate practitioners include the government's plans to:
- Publish a discussion paper on enhancing equity finance in the UK, including options to improve access to public equity markets for UK businesses and retail investors.
- Introduce an element of the directive amending the Transparency Directive (2004/109/EC) in advance of the November 2015 deadline for implementation, to remove the requirement for listed companies to publish quarterly reports. The government plans to bring forward enabling secondary legislation early in 2014 to allow the FCA to implement this change following public consultation (see Legal update, Transparency Directive: amending directive published in the Official Journal).
For information on the key business tax announcements in the Autumn Statement, see Legal update, 2013 Autumn Statement: business tax implications, and for details of all of Practical Law's coverage, see 2013 Autumn Statement.