Financial Services and Markets Act 2000

[F189CProvision of information by issuers of transferable securitiesU.K.

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(1)Transparency rules may make provision requiring the issuer of transferable securities, in circumstances specified in the rules—

(a)to make public information to which this section applies, or

(b)to notify to the [F2FCA] information to which this section applies,

or to do both.

(2)In the case of every issuer, this section applies to—

[F3(a)an annual financial report which complies with subsection (5) and with such other requirements as may be specified;

(aa)in the case of an issuer which is—

(i)a mining or quarrying undertaking, or

(ii)a logging undertaking,

reports complying with specified requirements on payments to governments;] [F4and]

(b)information relating to the rights attached to the transferable securities, including information about the terms and conditions of those securities which could indirectly affect those rights; F5...

F6(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)In the case of an issuer of debt securities, this section also applies to [F7a half-yearly financial report which covers the first 6 months of the financial year and complies with subsection (6) and with such other requirements as may be specified].

(4)In the case of an issuer of shares, this section also applies to—

(a)[F8a half-yearly financial report which covers the first 6 months of the financial year and complies with subsection (6) and with such other requirements as may be specified];

F9(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)voteholder information—

(i)notified to the issuer, or

(ii)relating to the proportion of voting rights held by the issuer in respect of shares in the issuer;

(d)information relating to the issuer's capital; and

(e)information relating to the total number of voting rights in respect of shares or shares of a particular class.

[F10(5)An issuer's annual financial report must include—

(a)audited financial statements complying with specified requirements,

(b)a management report complying with specified requirements, and

(c)statements which—

(i)relate to the financial statements and the management report,

(ii)are made by the persons responsible within the issuer, and

(iii)comply with specified requirements.

(6)An issuer's half-yearly financial report must include—

(a)a condensed set of financial statements complying with specified requirements,

(b)an interim management report complying with specified requirements, and

(c)statements which—

(i)relate to the condensed set of financial statements and the interim management report,

(ii)are made by the persons responsible within the issuer, and

(iii)comply with specified requirements.

(7)In subsection (2)(aa), “mining or quarrying undertaking”, “logging undertaking”, “payment” and “government” have the same meanings as in the Reports on Payments to Governments Regulations 2014 .

(8)In this section “specified” means specified in, or referred to in, transparency rules.]]

Textual Amendments

F1Ss. 89A-89G and cross-heading inserted (8.11.2006) by Companies Act 2006 (c. 46), ss. 1266(1), 1300(1)(a) (with s. 1266(2))

F2Words in ss. 89A-97 substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(g), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

F4Word in s. 89C(2)(aa) inserted (1.11.2015 for specified purposes, 26.11.2015 in so far as not already in force) by The Transparency Regulations 2015 (S.I. 2015/1755), regs. 1(2)(3), 2(2)(a)

F5Word in s. 89C(2)(b) omitted (1.11.2015 for specified purposes, 26.11.2015 in so far as not already in force) by virtue of The Transparency Regulations 2015 (S.I. 2015/1755), regs. 1(2)(3), 2(2)(b)

F6S. 89C(2)(c) omitted (1.11.2015 for specified purposes, 26.11.2015 in so far as not already in force) by virtue of The Transparency Regulations 2015 (S.I. 2015/1755), regs. 1(2)(3), 2(2)(c)