UK GAAP for Business and Practice
Complete with summaries of current standards and key implementation dates, this book provides a concise and easily accessible guide to all the recent changes in UK GAAP, and their likely practical impact.
TABLE OF CONTENTS UK GAAP for Business and Practice
Chapter 23: Listed Company Reporting
23.1 Introduction
The purpose of this chapter is to provide a brief overview of the specific reporting requirements applicable to companies whose shares are publicly traded, and to indicate where the relevant rules can be found.
This book does not deal with the extensive reporting requirements specific to listed companies. For further information and commentary, reference should be made to detailed texts on the various subjects.
23.2 Fully Listed or AIM Who Makes the Rules?
a UKLA
Fully listed companies are subject to the Listing Rules of the Financial Services Authority, the UK Listing Authority often referred to as the "Purple Book". This "book" is now in the form of a CD Rom. A key chapter of the Listing Rules is Chapter 9 on Continuing Obligations.
The London Stock Exchange is an EU "Regulated Market" and falls within the IAS Regulation (see Chapter 7 and below).
b AIM Rules the Alternative Investment Market
These are set by the London Stock Exchange and effectively make AIM an exchange regulated market, outside the scope of the IAS Regulation (see below).
c The "IAS Regulation"
In June 2002, EU Member States adopted the Regulation on the Application of International Accounting Standards ( the "IAS Regulation").
This requires companies governed by the law of a Member State to prepare their consolidated accounts in conformity with international accounting standards if their securities are admitted to trading on a regulated market of any Member State. In the UK, this will apply to consolidated...
Copyright Elsevier Ltd. 2006 under license agreement with Books24x7
