The abolition of interim management statements

Article

Posted by , on

Summary: Under chapter 4.3 of the Disclosure Rules and Transparency Rules (the “DTRs”), issuers whose shares are admitted to trading on a regulated market were required to publish interim management statements (“IMS”) during the first and second half of their financial year.

Under chapter 4.3 of the Disclosure Rules and Transparency Rules (the “DTRs”), issuers whose shares are admitted to trading on a regulated market were required to publish interim management statements (“IMS”) during the first and second half of their financial year.

With effect from 7 November 2014, the FCA has removed the requirement for certain of those companies to produce an IMS. At present, the changes will only affect issuers whose shares are admitted to trading on a regulated market where the UK is their home Member State and the DTRs apply. The changes will be made on a pan-European basis in November 2015.

Companies may choose to continue to publish interim management statements. However, those companies will still need to be mindful of DTR 2 and the on-going requirement to disclose price sensitive information as soon as possible, rather than delaying such disclosure to coincide with the publication of interim management statements.

Stay informed

Sign up to receive email alerts from our award winning Expert Insights team

Sign up now

See more insights by category

This site uses cookies to help us improve our services and your browsing experience. For further information about cookies, including about how to change your browser settings to no longer accept cookies, please view our privacy policy.