Navigating British Industry Reports for 2026

As an outcome of the intro of the UKLR sourcebook in July 2024, both the London Stock Market (LSE) and FTSE Russell made consequential modifications to their rules. In July 2024, the LSE validated amendments to its Admission and Disclosure Standards to reflect the collapse of the previous premium and standard listing sectors into the new industrial company category.

, chaired by Charlie Geffen. The objective of the taskforce was to think about the prospective advantages of the UK moving to a T +1 securities settlement cycle and lay out how this change could be executed.

, chaired by Sir Douglas Flint.

Key Investment Insights for UK Growth

In July 2023, the taskforce released an Interim Report (read our summary here) that made a number of recommendations, including: legislation should be advanced, and company posts of association altered, as quickly as practicable to stop the issuance of brand-new paper share certificates; the federal government needs to advance legislation to require dematerialisation of all share certificates at a future date; the government should speak with issuer and investor agents on the favored personality of "recurring" paper share interests and whether a time limit should be imposed for the recognition of untraced Ultimate Beneficial Owners (UBOs); andintermediaries need to have a commitment, as a condition of participation in the clearing and settlement system, to put in location typical technology that allows them to respond to UBO requests from providers within a really brief time frame.

ANSR July UK PRs

Digitisation would target noted business with a view to reducing expenses and waste, and simplifying investor communication. The report proposes extra procedures to guarantee that UBOs within the intermediated securities chain would have the ability to work out shareholder rights that are currently only ensured for signed up shareholders, along with procedures to enhance communication in between companies and UBOs.