Chapter 13 - REGULATION AND DISCLOSURE

Question 1

Public disclosure of information and transparency when dealing with ____________ and potential ______________, customers
and regulators are vitally important to creating and maintaining ____________ and trust in company management.

Answer 1

Shareholders
Shareholders

Accountability

Question 2

All companies are under an obligation to disclose the following types of information:
* _______________ and any changes;
* _____________ and company secretaries;
* changes of registered details including company name, ________ ________ or SAIL address;
* _____ __________;
* accounts;
* mortgages and charges; and
* persons with significant control.

Answer 2

Constitution

Directors

Registered office

Share capital

Question 3

What 4 pieces of company information must be displayed on letterheads?

Answer 3

registered name, registered office address, place of registration and registered number

Question 4

What is a quoted company (as referenced in the CA)?

Hint: listing in UK plus…

Answer 4

Listed companies with equity shares listed in an EEA state or admitted to trading on the New York Stock
Exchange or Nasdaq (CA2006 s. 385).

Question 5

A quoted company must put a resolution approving the ________ ________________ _______. The resolution is an advisory one and, if lost, does not invalidate the payment of directors’ remuneration (CA2006 s. 439).

Answer 5

directors’ remuneration report

Question 6

For traded companies, the notice periods to convene a general meeting are set out in CA2006 s. 307A as follows:
* general meetings (not AGMs) where specified conditions met (including passing a resolution previously to allow this notice period, and offering an electronic voting facility) : ___ days;
* all other general meetings: ___ days.

Answer 6

14 days

21 days

Question 7

Confidence in the stock market is In part focused on the prompt release of accurate and comprehensive information about each company. Any information released must be prepared to a high standard and must first be released through
the authorised channel, in order to maintain a level playing field when communicating to the market.

The ________ _____________ often plays a pivotal role in ensuring such information is accurate, has been duly approved by the board of directors and that the information is released promptly through the right channel. Hence, the company secretary plays an important part in ensuring good ___________ and thus helping to maintain __________ _________________.

Answer 7

Company secretary

disclosure

market confidence

Question 8

An important part of any public market is to ensure that investors and other key stakeholders have confidence that the market is transparent, has good integrity and to protect investors from being abused. __________ ___________ ________________is designed to achieve these
objectives

Answer 8

Market Abuse Regulation

Question 9

Market Abuse Regulation works in tandem with what other set of rules?

Answer 9

Disclosure Transparency Rules

Question 10

The primary obligation of companies under MAR relates to the control and disclosure of inside information and dealing
by .._._s (MAR 17–21).

Answer 10

Persons discharging managerial responsibilites

Question 11

Listed companies are required to publish their annual financial report within _____ months of the end of the financial year to which they relate (DTR 4.1.3).

Answer 11

Four

Question 12

UK GDPR is supplemented in the UK by which additional legislation?

Answer 12

Data Protection Act 1998