PART 2Amendments of primary legislation
CHAPTER 1The Financial Services and Markets Act 2000
Provision of information by issuers of transferable securities21.
(1)
Section 89C (provision of information by issuers of transferable securities) is amended as follows.
(2)
“(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;”.
(3)
In subsections (3) and (4)(a), for “information required by Article 5 of the transparency obligations directive” substitute “
a 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)
“(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 M1.
(8)
In this section “specified” means specified in, or referred to in, transparency rules.”.