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Funds News

BRIEF-UK's FRC Says Pre-Emption right flexibility to end Nov. 30

Nov 20 (Reuters) -

* FINANCIAL REPORTING COUNCIL SAYS PRE-EMPTION GROUP’S (PEG) RECOMMENDATION FOR INVESTORS TO APPLY ADDITIONAL FLEXIBILITY IN CONSIDERING ISSUANCES OF SHARES ON A NON-PRE-EMPTIVE BASIS WILL COME TO AN END ON 30 NOVEMBER

* UK’S FRC SAYS FROM 1 DECEMBER THIS YEAR WE WILL REVERT TO REQUIREMENT FOR FULL PRE-EMPTION EXCEPT IN SPECIFIC CIRCUMSTANCES

* FRC SAYS NON-PRE-EMPTIVE ISSUANCES SHOULD BE UNDERTAKEN ONLY WHEN EFFECTIVE CONSULTATION HAS BEEN CONDUCTED Source text for Eikon: Further company coverage: [ ] (Reporting By Simon Jessop)

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