Can AI Innovation Scale Mid-Market ROI?

As a result of the intro 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 modifications to its Admission and Disclosure Standards to reflect the collapse of the previous premium and standard listing sections into the new business business category.

It then issued a summary and FAQs verifying its view when the final UKLR sourcebook was released in July 2024. One of the procedures proposed as part of the Edinburgh Reforms in December 2022 was the facility of the Accelerated Settlement Taskforce, chaired by Charlie Geffen. The goal of the taskforce was to consider the possible benefits of the UK transferring to a T +1 securities settlement cycle and detail how this modification might be implemented.

, chaired by Sir Douglas Flint.

ESG Compliance and Sustainable Banking Trends

In July 2023, the taskforce published an Interim Report (read our summary here) that made a variety of recommendations, consisting of: legislation must be advanced, and business articles of association changed, as quickly as practicable to stop the issuance of brand-new paper share certificates; the government should bring forward legislation to require dematerialisation of all share certificates at a future date; the federal government must speak with issuer and investor agents on the preferred disposition of "recurring" paper share interests and whether a time limit ought to be imposed for the identification of untraced Ultimate Beneficial Owners (UBOs); andintermediaries should have a commitment, as a condition of involvement in the clearing and settlement system, to put in place common technology that enables them to react to UBO demands from providers within a really short time frame.

ANSR July UK PRs

Digitisation would target listed companies with a view to minimizing expenses and waste, and simplifying shareholder interaction. The report proposes additional measures to make sure that UBOs within the intermediated securities chain would be able to exercise investor rights that are presently just ensured for signed up shareholders, in addition to steps to improve interaction in between business and UBOs.