The Government is overhauling the liability rules on statements made by share issuers. Alasdair Steele looks at what is in the pipeline
As part of the implementation of the European Union (EU) Transparency Directive, the Companies Act 2006 introduced section 90A into the Financial Services and Markets Act 2000 (FSMA). This section brought in new rules relating to issuers of securities admitted to trading on either a UK-regulated market or another European Economic Area (EEA)-regulated market, if the issuer treats the UK as its ‘home member state’ for the purposes of the Transparency Directive.
