On 23 July 2014, the FCA launched proposals to remove the requirement on issuers with listed shares to publish interim management statements. The requirement has been removed by the Transparency Directive Amending Directive (the “TDAD”), which has a 24 month implementation period and will become effective in autumn 2015. The UK Treasury has asked the FCA to remove the requirement to publish interim management statements in autumn 2014, a full year ahead of TDAD implementation. The FCA propose removing several rules from the FCA Handbook entirely as well as amending several other sections. The consultation closes on 4 September 2014.
The consultation paper is available at: